WHY WE ARE TALKING ABOUT THIS STOCK
Underwriting Property Insurance When writing property insurance, Kinsale purchases reinsurance to mitigate their risk to large property insurance losses. Effective June 1, 2022, the Company purchased coverage of $75.0 million per event in excess of their $25.0 million retention, with a maximum aggregate loss recovery limit of $150 million.
● Kinsale Capital Group (NYSE: KNSL) is a specialty insurance company exclusively focused on the excess and surplus (E&S) markets in the United States, with an average premium policy in 2022 of $12,400. ● The Company will report Q1FY23 financial results after the close of market on Thursday, April 27, 2023 with a company conference call scheduled for the following morning, Friday, April 28, 2023 at 9:00 a.m. (EST). ● Kinsale Capital reported an average net loss and loss adjustment expense ratio of 57.7% in 2022, compared to A.M. Best Company's domestic professional surplus lines composite average from 2001 to 2021 of 69.5%. ● Return on equity and combined ratios were 22.0% and 77.9%, respectively, for the year ended December 31, 2022.
Kinsale Capital currently returns capital to shareholders in the form of quarterly cash dividends. The Company does not have any ongoing share repurchase programs.
Industry
Sector
Insurance - Property & Casualty
Financial Services
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