earnings
confidence high
sentiment positive
materiality 0.85
Kinsale reports Q4 net income $103.4M ($4.43 EPS), up 53.7% YoY; FY net income $308.1M ($13.22 EPS), up 93.6%
Kinsale Capital Group, Inc.
2023-FY EPS reported
$13.22
revenue$1,224,449,000
- Net income Q4 $103.4M ($4.43 diluted EPS) vs $67.2M ($2.90) in Q4 2022, +53.7%.
- FY net income $308.1M ($13.22 diluted EPS) vs $159.1M ($6.88) in FY 2022, +93.6%.
- Gross written premiums Q4 $395.2M (+33.8% YoY); FY $1.57B (+42.3% YoY); net investment income +71.2% Q4, +99.6% FY.
- Underwriting income Q4 $84.8M with combined ratio 72.1% (improved from 73.1%); FY combined ratio 75.4% vs 78.5%.
- Operating return on equity FY 31.8% (vs 25.0%); catastrophe losses negligible in Q4.