Quarterly ResultApr 23, 2026, 04:17 PM
Kinsale Capital Q1 2026 Net Income Jumps 26.2% to $112.6M
AI Summary
Kinsale Capital Group reported strong first-quarter 2026 results, with net income increasing 26.2% to $112.6 million, or $4.88 per diluted share. Net operating earnings also saw a significant rise of 36.3% to $117.8 million, or $5.11 per diluted share. The company achieved exceptional profitability driven by lower catastrophe losses, growth in net earned premiums, and favorable development of loss reserves, despite a slight decrease in gross written premiums.
Key Highlights
- Net income rose 26.2% to $112.6 million ($4.88 per diluted share).
- Net operating earnings increased 36.3% to $117.8 million ($5.11 per diluted share).
- Net written premiums grew 5.6% to $403.3 million.
- Underwriting income was $94.5 million, with a combined ratio of 77.4%.
- Net investment income increased 26.5% to $55.4 million.