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Mar 31
Kinsale Q1 2025 Earnings Report
Kinsale Capital Group reported strong earnings performance despite higher catastrophe losses in Q1 2025.
Key Takeaways
Kinsale Capital Group generated $89,227,000 in net income and $423,397,000 in revenue for Q1 2025. The company posted a solid underwriting income and maintained profitability with a combined ratio of 82.1%. Net investment income surged 33% year-over-year, driven by strong operating cash flows.
Net income reached $89,227,000 with EPS of $3.83.
Net operating earnings were $86,419,000 with adjusted EPS of $3.71.
Underwriting income totaled $67,461,000 with a combined ratio of 82.1%.
Net investment income rose to $43,819,000, up 33% from last year.
Kinsale
Kinsale
Kinsale Revenue by Segment
Kinsale Revenue by Geographic Location
Revenue by Segment
Gross Written Premiums Revenue
CapyFin.comNet Investment Income Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
No formal forward guidance was issued in the report, but the company reaffirmed confidence in its long-term profitability strategy despite catastrophe-related challenges.
Positive Outlook
- Continued confidence in disciplined underwriting strategy.
- Strong operating cash flow supports investment income growth.
- Favorable prior accident year reserve development.
- Conservative investment portfolio with AA- average credit quality.
- Book value per share increased to $67.92.
Challenges Ahead
- Catastrophe losses of $17,800,000 impacted Q1 results.
- Commercial Property Division saw an 18.4% decline in gross written premiums.
- Loss ratio rose due to higher catastrophe events.
- Expense ratio remained elevated due to competitive conditions.
- Net income declined from Q1 2024 due to catastrophe losses.