Kinsale Capital Group ( (KNSL) ) has released its Q4 earnings. Here is a breakdown of the information Kinsale Capital Group presented to its investors.
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Kinsale Capital Group, Inc. is a specialty insurance company based in Richmond, Virginia, focusing on the excess and surplus lines market.
The company recently reported its financial results for the fourth quarter and full year ending December 31, 2024, highlighting significant growth in net income and premiums compared to the previous year.
Kinsale Capital showed strong financial performance with a 5.6% increase in diluted earnings per share for the fourth quarter and a 34.5% increase for the full year. The company also reported a 19.2% rise in gross written premiums and a 46.9% boost in net investment income for the year. Underwriting income for the full year was $325.9 million, with a combined ratio of 76.4%, indicating efficient operations despite higher catastrophe losses.
Looking forward, Kinsale Capital remains optimistic about its growth prospects, focusing on disciplined underwriting and leveraging technology to maintain low costs and deliver long-term value to its shareholders.
With strong financial metrics and a strategic focus on growth, Kinsale is well-positioned to navigate market cycles and continue its trajectory of profitable growth.
