Kinsale Capital Group Reports Third Quarter 2026 Results
Key Highlights
- ➤Net operating earnings reached $128.3 million, up from $121.2 million year-over-year
- ➤Underwriting income rose to $107.1 million, producing a 75.4% combined ratio
- ➤Gross written premiums declined 4.8% to $462.9 million amid heightened property competition
- ➤Net investment income increased 17.5% to $58.3 million
- ➤$37.6 million pre-tax realized loss followed strategic investment portfolio repositioning
Expert Statements
Michael P. Kehoe, Chairman, President and Chief Executive Officer of Kinsale Capital Group
“Our underwriting results this quarter demonstrate discipline in a competitive market. We continue to produce exceptional underwriting margins and strong investment income which allows us to return capital to stockholders. Disciplined underwriting and technology-enabled low costs remain the foundation of our strategy to create long-term value for our stockholders.”
Kinsale Capital Group, Inc. (NYSE: KNSL) reported net income of $98.1 million, $4.36 per diluted share, for the third quarter of 2026 compared to $141.6 million, $6.09 per diluted share, for the third quarter of 2025. Net income was $386.6 million, $16.97 per diluted share, for the first nine months of 2026 compared to $365.0 million, $15.67 per diluted share, for the first nine months of 2025. Net income included after-tax catastrophe losses of $1.7 million in the third quarter of 2026 and $1.0 million in the third quarter of 2025. Net income included after-tax catastrophe losses of $7.2 million in the first nine months of 2026 and $21.7 million in the first nine months of 2025.
Net operating earnings((1)) were $128.3 million, $5.70 per diluted share, for the third quarter of 2026 compared to $121.2 million, $5.21 per diluted share, for the third quarter of 2025. Net operating earnings((1)) were $372.3 million, $16.34 per diluted share, for the first nine months of 2026 compared to $319.0 million, $13.70 per diluted share, for the first nine months of 2025. Three Months Ended Nine Months Ended
Get started
Create a free account to read the full story.