Kinsale Capital Group, Inc. (KNSL) Form 10-Q — Oct 22, 2026
Kinsale Capital Group reported Q3 2026 net income of $98.1 million, down 30.7% from $141.6 million a year ago, with diluted EPS of $4.36 versus $6.09. The decline was driven by a third-quarter repositioning of the investment portfolio that reduced pre-tax earnings by $37.6 million, as unrealized fixed-maturity losses were reclassified into income and prior equity gains reversed. Underlying operations remained strong: underwriting income rose 1.3% to $107.1 million with a 75.4% combined ratio, and nine-month underwriting income grew 14.3% to $307.0 million on a 76.1% combined ratio. Net investment income climbed 17.5% in the quarter to $58.3 million.
Key figures
- Eps
- 4.36
- Revenue
- 1470026000
- Net Income
- 386557000
- Total Debt
- 224604000
- Total Assets
- 6431103000
- Cash Position
- 160508000
- Shares Outstanding
- 22509945
- Q3 loss ratio
- 53.4%
- Q3 net income
- 98129000
- Q3 diluted eps
- 4.36
- Q3 expense ratio
- 22.0%
- Q3 operating roe
- 26.0%
- Q3 annualized roe
- 19.9%
- Q3 combined ratio
- 75.4%
- Q3 gwp yoy change
- -4.8%
- Nine month net income
- 386557000
- Nine month eps diluted
- 16.97
- Q3 underwriting income
- 107063000
- Q3 net income yoy change
- -30.7%
- Q3 net investment income
- 58265000
- Net operating earnings q3
- 128297000
- Nine month combined ratio
- 76.1%
- Nine month gwp yoy change
- -3.5%
- Q3 diluted eps prior year
- 6.09
- Q3 gross written premiums
- 462868000
- Nine month share repurchases
- 263078000
- Q3 combined ratio prior year
- 74.9%
- Commercial property gwp change q3
- -26.8%
- Nine month gross written premiums
- 1472494000
- Share repurchase capacity remaining
- 237500000
AI analysis
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