Kinsale Capital Group, Inc. is a specialty insurance company operating exclusively in the Excess and Surplus (E&S) Lines Insurance market in the United States. The company provides property and casualty (P&C) insurance products tailored for hard-to-place risks, serving small- to medium-sized businesses and personal lines customers. Kinsale distributes its products through a network of independent insurance brokers across all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, leveraging a proprietary technology platform to enhance efficiency and underwriting expertise.
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Commercial Lines - Offers a wide range of property and casualty insurance products, including commercial property, excess casualty, small business casualty, construction, general casualty, allied health, products liability, life sciences, entertainment, energy, professional liability, management liability, environmental, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad.
- Casualty Insurance - Covers general casualty, small business casualty, excess casualty, products liability, professional liability, and management liability.
- Property Insurance - Includes commercial property, small property, inland marine, ocean marine, and aviation.
- Specialty Lines - Encompasses construction, allied health, life sciences, energy, entertainment, environmental, health care, public entity, product recall, and railroad.
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Personal Lines - Provides personal insurance products, including high-value homeowners' insurance, catering to niche markets.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Michael P. Kehoe ExecutiveBoard | Chairman of the Board and CEO | None | Founder of KNSL, CEO since 2009, Chairman since March 2024. Previously led James River Insurance and held senior roles at Colony Insurance. Holds a J.D. from the University of Richmond. | View Report → |
Brian D. Haney Executive | President and COO | None | Joined KNSL in 2009 as Chief Actuary. Promoted to COO in 2015 and President in March 2024. Expertise in actuarial functions, catastrophe modeling, and reinsurance. | |
Bryan P. Petrucelli Executive | EVP, CFO, and Treasurer | None | EVP, CFO, and Treasurer. Principal Financial Officer responsible for financial reporting compliance. | |
Diane D. Schnupp Executive | EVP and Chief Information Officer | None | Joined KNSL in May 2019. Promoted to EVP and CIO in March 2021. Previously held leadership roles at Impact Makers, Capital Center, and Genworth Financial. Holds an M.S. in Technology Management from VCU. | |
Mark J. Beachy Executive | EVP and Chief Claims Officer | None | Joined KNSL in October 2020. Previously Group General Counsel at Travelers Indemnity Company. Extensive legal and claims management experience. Holds a J.D. from Catholic University. | |
Anne C. Kronenberg Board | Director | Board Member at Woods Hole Oceanographic Institution; Director at Transamerica Financial Life Insurance | Director since June 2017. Over 25 years of experience in insurance investment banking. Former Managing Director at J.P. Morgan and Citigroup. Holds an M.S. in Finance from MIT Sloan. | |
Frederick L. Russell Jr. Board | Director | Managing Partner at Virginia Capital Partners | Director since April 2010. Managing Partner at Virginia Capital Partners since 1997. | |
Gregory M. Share Board | Director | Managing Director at Oaktree Capital Management; Director at Runway Growth Finance Corporation | Director since August 2017. Over 20 years of investment experience. Previously served on the board of Neo Performance Materials. Holds a B.S. in Economics from the University of Pennsylvania. | |
James J. Ritchie Board | Director | Chairman of Audit Committees at Nuveen Churchill Direct Lending Corp., NC SLF Inc., and Nuveen Churchill Private Capital Income Fund | Director since January 2013. Former CFO of White Mountains Insurance Group and OneBeacon Insurance. Holds an M.B.A. from Rutgers Graduate School of Business Administration. | |
Mary Jane B. Fortin Board | Director | None | Director since October 2024. Former President and Chief Commercial Officer at Thrivent Financial. Over 30 years of experience in financial services. Holds an MBA from Wharton. | |
Robert V. Hatcher III Board | Director | None | Director since 2021. No additional details provided in the documents. | |
Steven J. Bensinger Board | Director | Senior Advisor at Howden Tiger; Director at Clearcover Insurance, The Doctors Company, and Ariel Re Holdings | Director since July 2015. Over 30 years of insurance industry experience. Former CFO of White Mountains Insurance Group and OneBeacon Insurance. | |
Teresa P. Chia Board | Director | CFO at Vertafore, Inc. | Director since January 2021. Extensive investing experience in insurance and capital markets. Previously Managing Director at Post Mills Capital and White Mountains Capital. |
- Given the increased competition in your Commercial Property and certain Professional Liability lines, how do you plan to sustain your growth rates while maintaining strong underwriting margins without compromising your risk standards?
- With the deceleration of rate increases to around 3% against a loss trend assumption of approximately 6%, what strategies are you implementing to ensure that your underwriting profitability remains intact in this challenging rate versus trend environment?
- Considering the industry concerns about potential reserve deficiencies in casualty lines, can you elaborate on how you are managing your casualty reserves to avoid adverse development, especially in your longer-tailed construction-related liability business?
- Your expense ratio has benefited from ceding commissions and efficiencies, leading to a sub-20% ratio recently; how sustainable is this low expense ratio, and what factors could cause it to increase in the upcoming quarters?
- With the introduction of the $100 million share buyback program amidst strong operating returns, should we interpret this as an indication that you see limited opportunities for reinvesting excess capital into organic growth, and how does this align with your long-term growth expectations of 10% to 20%?
Research analysts who have asked questions during Kinsale Capital Group earnings calls.
Mark Hughes
Truist Securities
6 questions for KNSL
Pablo Singzon
JPMorgan Chase & Co.
6 questions for KNSL
Andrew Andersen
Jefferies
5 questions for KNSL
Casey Alexander
Compass Point Research & Trading, LLC
5 questions for KNSL
Michael Zaremski
BMO Capital Markets
5 questions for KNSL
Andrew Kligerman
TD Cowen
4 questions for KNSL
Michael Phillips
Oppenheimer & Co. Inc.
4 questions for KNSL
Bill Carcache
Wolfe Research, LLC
3 questions for KNSL
Joseph Tumillo
Bank of America
3 questions for KNSL
Bob Huang
Morgan Stanley
2 questions for KNSL
Ryan Tunis
Cantor Fitzgerald
2 questions for KNSL
Scott Heleniak
RBC Capital Markets
2 questions for KNSL
Bob Jian Huang
Morgan Stanley
1 question for KNSL
Mike Phillips
Oppenheimer & Co. Inc.
1 question for KNSL
Rowland Mayor
Oppenheimer & Co. Inc.
1 question for KNSL
Recent press releases and 8-K filings for KNSL.
- Kinsale Capital Group reported a 24% increase in operating earnings per share and 8.4% growth in gross written premium for Q3 2025 compared to Q3 2024, achieving a combined ratio of 74.9%. The company's diluted operating earnings per share reached $5.21 for the quarter.
- The company's book value per share grew by 25.8% since year-end 2024, and its float increased to $3 billion at September 30, 2025, from $2.5 billion at year-end 2024.
- Management announced that President and COO Brian Haney was elected to the Board of Directors and will transition to a Senior Advisor role, while Stuart Winston was promoted to EVP and Chief Underwriting Officer.
- The E&S market remains competitive, with overall premium growth at 8.4%. Excluding the commercial property division, which experienced an 8% premium drop, the growth rate was 12.3%. Commercial property rates are declining but show signs of stabilizing.
- Kinsale Capital Group (KNSL) reported Q3 2025 operating earnings per share of $5.21, a 24% increase year-over-year, alongside a combined ratio of 74.9%.
- Gross written premium grew by 8.4% in Q3 2025, with growth excluding the commercial property division at 12.3%.
- The company's book value per share increased by 25.8% since year-end 2024, and float grew by 20% to $3 billion at September 30, 2025.
- Brian Haney was elected to the Board of Directors and will transition from President and COO to Senior Advisor, while Stuart Winston was promoted to Executive Vice President and Chief Underwriting Officer.
- The E&S market remains competitive, with commercial property rates still declining but showing signs of stabilization. The company also noted increased share repurchases this quarter due to excess capital generation.
- Kinsale Capital Group reported a 24% increase in operating earnings per share and 8.4% growth in gross written premium for the third quarter of 2025 compared to the third quarter of 2024.
- For Q3 2025, the company posted a combined ratio of 74.9% and a nine-month operating return on equity of 25.4%.
- Book value per share increased by 25.8% since year-end 2024, and float grew by 20% to $3 billion at September 30, 2025.
- Management announced that Brian Haney was elected to the Board of Directors and will transition to a Senior Advisor role beginning next year, while Stuart Winston was promoted to Executive Vice President and Chief Underwriting Officer.
- The E&S market remains competitive; however, the overall third-quarter growth rate, excluding the commercial property division, was 12.3%, and commercial property rates are stabilizing after declines.
- Kinsale Capital Group reported a 24% increase in operating earnings per share and a 74.9% combined ratio for Q3 2025, with a nine-month operating return on equity of 25.4%. Net income and net operating earnings also grew by 24%.
- Gross written premium increased by 8.4% in Q3 2025, while net earned premium grew by 17.8% due to higher reinsurance retention levels. The company's float reached $3 billion at September 30, 2025, up from $2.5 billion at year-end 2024.
- The E&S market remains competitive, with commercial property rates stabilizing after declines, and submission growth at 6% for the quarter. Excluding the commercial property division, the overall growth rate was 12.3%.
- The company announced Brian Haney's retirement as President and COO, transitioning to a Senior Advisor role and Board Director, and Stuart Winston's promotion to Executive Vice President and Chief Underwriting Officer. Kinsale also increased share repurchases, reflecting its generation of excess capital.
- Kinsale Capital Group reported strong Q3 2025 financial results, with Non-GAAP EPS of $5.21 and revenue of $497.5 million, representing a 19% year-over-year increase.
- The company's underwriting income increased, contributing to a combined ratio of 74.9%, primarily due to lower catastrophe losses and favorable development of loss reserves.
- Despite the robust financial performance, Kinsale's stock price experienced a slight decline post-earnings, trading at a price-to-earnings ratio of 22 times next year's earnings.
- The company repurchased 45,627 shares for $20 million, and analysts maintain a consensus "hold" rating with a median 12-month price target about 8% above the current share price.
- Kinsale Capital Group reported a 27.5% increase in operating earnings per share and 4.9% growth in gross written premium for Q2 2025 compared to Q2 2024.
- The company achieved a combined ratio of 75.8% and a six-month operating return on equity of 24.7%. Book value per share increased by 16% since year-end 2024.
- Net investment income grew by 29.6% in Q2 2025 over last year. Kinsale's float, primarily unpaid losses and unearned premium, grew to $2.9 billion at June 30, 2025, up from $2.5 billion at the end of 2024.
- The E&S market is competitive, with commercial property premium dropping by 16.8% in Q2 due to high competition and rate declines. However, excluding this division, Kinsale's premium grew by 14.3%.
- Kinsale renewed its reinsurance program on June 1, with slightly more favorable terms, including increased retentions on casualty and catastrophe treaties. Management emphasized a conservative approach to loss reserves.
- Operating earnings per share increased by 6%, with diluted EPS improving from $3.50 to $3.71, reflecting strong profitability despite significant catastrophe events.
- Gross written premium grew by 8% while maintaining a robust combined ratio of 82%, demonstrating disciplined underwriting and conservative risk management.
- Capital management actions included a $10 million share repurchase, supporting the company’s strategy of prioritizing profitability over aggressive premium growth.
- Net income was reported at $89.2 million with diluted earnings per share of $3.83, reflecting after-tax catastrophe losses of $17.8 million.
- Underwriting income increased to $67.5 million with a combined ratio of 82.1%, indicating disciplined underwriting performance.
- Gross written premiums grew by 7.9% to $484.3 million, signaling revenue expansion compared to Q1 2024.
- Net investment income rose by 33.1% to $43.8 million, bolstering overall profitability.