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Kinsale Capital Group (KNSL)
NYSE:KNSL
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$4.3Last Year’s EPS
$3.87Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 1.75%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Positive
The call highlighted robust financial performance, including significant earnings growth and a high return on equity, alongside a strategic share buyback plan. However, it also noted challenges like increased competition and natural catastrophe losses. Despite these challenges, the overall growth prospects and competitive advantages provide an optimistic outlook.Company Guidance
During the Kinsale Capital Group's third-quarter 2024 earnings call, the company reported a 27% increase in operating earnings per share and a 19% growth in gross written premiums compared to the same period in 2023. The combined ratio was reported at 75.7%, with a 9-month annualized operating return on equity of 28.2%. Net income and net operating earnings rose by 50.1% and 26.8%, respectively, while the company maintained a 19.6% expense ratio. Additionally, Kinsale announced a $100 million share buyback program, despite acknowledging the current high price-to-earnings multiple of its shares. The company also estimated that losses from Hurricane Milton would be under $10 million after tax. Despite increased competition in the E&S market, Kinsale remains optimistic about its growth prospects and continues to leverage its competitive advantages to maintain its position as a low-cost provider.Significant Increase in Earnings
Operating earnings per share increased by 27%, and net operating earnings grew by 26.8% in the third quarter of 2024 compared to the previous year.
Strong Premium Growth
Gross written premium grew by 19% over the third quarter of 2023, indicating strong business performance.
High Return on Equity
The company posted a 9-month annualized operating return on equity of 28.2%.
Share Buyback Program Announced
A $100 million share buyback program was approved, aiming to enhance shareholder value.
Improved Expense Ratio
The expense ratio decreased to 19.6% in the third quarter compared to 20.9% last year.
Increased Investment Income
Net investment income increased by 46.4% over the last year, driven by higher interest rates and growth in the investment portfolio.
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KNSL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KNSL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $458.29 | $434.02 | -5.30% |
| Jul 25, 2024 | $377.02 | $443.02 | +17.51% |
| Apr 25, 2024 | $452.64 | $374.27 | -17.31% |
| Feb 15, 2024 | $437.01 | $504.38 | +15.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kinsale Capital Group (KNSL) report earnings?
Kinsale Capital Group (KNSL) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Kinsale Capital Group (KNSL) earnings time?
Kinsale Capital Group (KNSL) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KNSL EPS forecast?
KNSL EPS forecast for the fiscal quarter 2024 (Q4) is $4.3.
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