Kinsale Capital Q1 net income up 75.5% to $55.8M; diluted EPS $2.40 vs $1.38 YoY

Kinsale Capital Group, Inc.

2023-Q1 EPS reported $2.40 revenue$256,944,000

Gross written premiums grew 45.6% to $357.6M; net operating earnings of $56.8M, $2.44 per diluted share.
Combined ratio improved to 78.2% from 79.0% on underwriting income of $51.6M.
Net investment income surged 127.7% to $20.7M; annualized operating ROE of 29.1%.
Net favorable reserve development added $9.0M (3.8 pts) to underwriting results.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Kinsale Capital Group, Inc. reported the three months ended March 31, 2023 results: net income $55.8 million, EPS $2.40 per diluted share.

Period: the three months ended March 31, 2023
Net income: $55.8 million
EPS: $2.40 per diluted share
Result: reported results

Exact text from the filing

Kinsale Capital Group, Inc. (NYSE: KNSL) reported net income of $55.8 million, $2.40 per diluted share, for the first quarter of 2023 compared to $31.8 million, $1.38 per diluted share, for the first quarter of 2022.

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Kinsale Capital Group, Inc. filing history →

Source: SEC EDGAR

accession 0001669162-23-000021

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