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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%.
Revenue by Segment
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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