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Dec 31, 2024
Kinsale Q4 2024 Earnings Report
Kinsale reported strong premium growth and investment income, driving profitability despite increased catastrophe losses.
Key Takeaways
Kinsale Capital saw a 12.2% YoY increase in gross written premiums and a 37.8% rise in net investment income. Net income grew 5.5% YoY to $109.09M, while adjusted EPS increased 19.4% to $4.62. The company maintained a strong underwriting margin, with a combined ratio of 73.4%, despite catastrophe losses impacting results.
Net income grew 5.5% YoY to $109.09M.
Gross written premiums increased 12.2% YoY to $443.28M.
Net investment income surged 37.8% YoY to $41.86M.
Underwriting income rose to $97.89M, with a combined ratio of 73.4%.
Kinsale
Kinsale
Kinsale Revenue by Segment
Revenue by Segment
Gross Written Premiums Revenue
CapyFin.comNet Investment Income Revenue
CapyFin.com Forward Guidance
Kinsale expects continued premium growth and strong investment performance, supported by disciplined underwriting and cost efficiencies.
Positive Outlook
- Strong submission flow from brokers driving premium growth.
- Favorable pricing environment supports underwriting profitability.
- Investment income expected to benefit from higher interest rates.
- Cost-efficient operating model continues to drive margin expansion.
- Ongoing share repurchase program to enhance shareholder returns.
Challenges Ahead
- Increasing catastrophe losses impacting underwriting results.
- Competitive pricing pressures in certain insurance segments.
- Rising reinsurance costs could impact profitability.
- Potential market volatility affecting investment returns.
- Regulatory and macroeconomic uncertainties pose risks to future performance.