Kinsale Capital Group, Inc. KNSL

Financials SIC 6331 - Fire, Marine & Casualty Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Insurance (except Life, Health, and Medical) Carriers › Direct Property and Casualty Insurance Carriers derived NYSE

Kinsale is a property and casualty insurance company that focuses exclusively on the excess and surplus lines ("E&S") market in the U.S., where we can use our underwriting expertise to write coverages for hard-to-place risks. We sell these insurance products in all 50 states, the District of Columbia, the Commonwealth of Puerto Rico and the U.S. Virgin Islands primarily through a network of independent insurance brokers. Our experienced and cohesive management team has an average of over 30 years of relevant experience.

Our goal is to deliver long-term value for our stockholders by growing our business and generating attractive returns. We seek to accomplish this by generating consistent and attractive underwriting profits while managing our capital prudently. Using our proprietary technology platform and leveraging the expertise of our highly-experienced employees in our daily operations, we have built a company that is entrepreneurial and highly efficient. We believe our systems and technology are at the digital forefront of the insurance industry and allow us to quickly collect and analyze data, thereby improving our ability to manage our business and reduce our response times to our customers. We believe that we have differentiated ourselves from our competitors by effectively leveraging technology, vigilantly controlling expenses and maintaining control over our underwriting and claims operations.

Last close 364.49 2026-10-23
Market cap $8.30B 2026-06-30 share count
52-week range 287.20 - 435.40

Valuation FY2025 figures against the last close

P/S4.4x
P/E16.8x
P/FCF8.4x
EV/EBITDA—
Dividend yield0.2%
Diluted EPS21.65

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.87B$1.59B$1.22B$838.8M$653.5M$459.9M$315.9M$222.1M$186.8M$141.6M
Total operating expenses $1.24B$1.07B$840.4M$643.2M$464.7M$359.5M$239.8M$181.6M$148.3M$102.1M
Interest expense —————————$1.3M
Pre-tax income $634.3M$514.7M$384.0M$195.6M$188.8M$100.4M$76.1M$40.5M$38.5M$39.5M
Income tax $130.7M$99.9M$75.9M$36.5M$36.1M$12.0M$12.7M$6.7M$13.6M$13.4M
Net income $503.6M$414.8M$308.1M$159.1M$152.7M$88.4M$63.3M$33.8M$24.9M$26.2M
EPS, basic 21.7617.9213.376.976.733.962.941.601.19—
EPS, diluted 21.6517.7813.226.886.623.872.861.561.16—
Shares, diluted (wtd. avg.) 23.3M23.3M23.3M23.1M23.1M22.9M22.1M21.7M21.5M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $163.4M$113.2M$126.7M$156.3M$121.0M$77.1M$100.4M$75.1M$81.7M$50.8M
Short-term investments ————$0$0$0$0$0$0
Property, plant and equipment $89.4M$82.9M$63.4M$53.5M$49.3M$46.2M$22.6M$2.1M——
Total assets $6.04B$4.89B$3.77B$2.75B$2.03B$1.55B$1.09B$773.1M$667.8M$614.4M
Long-term debt $224.4M$184.1M$183.8M$195.7M$42.7M—————
Total liabilities $4.08B$3.40B$2.69B$2.00B$1.33B$970.7M$684.7M$509.1M$429.7M$404.2M
Retained earnings $1.72B$1.23B$828.2M$533.1M$385.9M$243.3M$162.9M$106.5M$73.5M$53.6M
Total equity $1.96B$1.48B$1.09B$745.4M$699.3M$576.2M$405.9M$264.0M$238.2M$210.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.04B$976.3M$859.8M$557.8M$407.0M$280.0M$178.4M$104.0M$77.4M$73.7M
Stock-based compensation $17.9M$14.1M$9.4M$6.7M$4.8M$3.6M$2.7M$1.6M$652.0K$492.0K
Capital expenditure $53.7M$23.9M$6.6M$6.9M$5.9M$32.9M$19.6M$1.3M$179.0K$565.0K
Investing cash flow -$922.2M-$960.1M-$860.9M-$708.6M-$352.0M-$379.4M-$230.8M-$106.5M-$42.4M-$88.1M
Financing cash flow -$71.4M-$29.7M-$28.5M$186.0M-$11.1M$76.1M$77.8M-$4.1M-$4.0M$40.6M
Dividends paid $15.8M$13.9M$13.0M$11.9M$10.0M$8.1M$6.9M$5.9M$5.0M$2.1M
Buybacks $90.0M$10.0M$0$0——————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001669162-26-000020.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B 2B Revenue, FY2016: 141.6M Net income, FY2016: 26.2M Revenue, FY2017: 186.8M Net income, FY2017: 24.9M Revenue, FY2018: 222.1M Net income, FY2018: 33.8M Revenue, FY2019: 315.9M Net income, FY2019: 63.3M Revenue, FY2020: 459.9M Net income, FY2020: 88.4M Revenue, FY2021: 653.5M Net income, FY2021: 152.7M Revenue, FY2022: 838.8M Net income, FY2022: 159.1M Revenue, FY2023: 1.2B Net income, FY2023: 308.1M Revenue, FY2024: 1.6B Net income, FY2024: 414.8M Revenue, FY2025: 1.9B Net income, FY2025: 503.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $141.6M $186.8M $222.1M $315.9M $459.9M $653.5M $838.8M $1.22B $1.59B $1.87B
Gross profit — — — — — — — — — —
Net income $26.2M $24.9M $33.8M $63.3M $88.4M $152.7M $159.1M $308.1M $414.8M $503.6M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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