Kinsale Capital Group Reports Third Quarter 2026 Results
Kinsale reported Q3 2026 GAAP net income of $98.1 million ($4.36 diluted EPS), down from $141.6 million ($6.09) a year earlier, driven by a $37.6 million pre-tax loss on investment portfolio repositioning. Non-GAAP net operating earnings rose 5.9% to $128.3 million ($5.70 per diluted share vs. $5.21), and underwriting income grew to $107.1 million on a strong 75.4% combined ratio. Top-line pressure is the concern: gross written premiums fell 4.8% to $462.9 million, with the Commercial Property Division down 26.8% amid heightened competition, while casualty grew just 0.9%.
Key figures
- Eps
- 4.36
- Revenue
- 454798000
- Gwp q3
- 462868000
- Gwp yoy
- -4.8%
- Net income
- 98129000
- Buyback cost
- 100000000
- Operating eps
- 5.7
- Combined ratio
- 75.4%
- Annualized roe 9m
- 26.6%
- Buyback avg price
- 371.74
- Dividend per share
- 0.25
- Shares repurchased
- 269004
- Net earned premiums
- 423472000
- Underwriting income
- 107063000
- Book value per share
- 85.25
- Investment income yoy
- 17.5%
- Net income prior year
- 141646000
- Net investment income
- 58265000
- Operating eps prior year
- 5.21
- Combined ratio prior year
- 74.9%
- Remaining buyback capacity
- 237500000
- Annualized operating roe 9m
- 25.6%
- Commercial property gwp decline q3
- -26.8%
- Portfolio repositioning pretax loss
- 37600000
AI analysis
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