Kinsale Capital Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 27, 2022 at 04:17 pm EDT
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Kinsale Capital Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 216.96 million compared to USD 164.88 million a year ago. Net income was USD 32.98 million compared to USD 36.63 million a year ago. Basic earnings per share from continuing operations was USD 1.45 compared to USD 1.61 a year ago. Diluted earnings per share from continuing operations was USD 1.43 compared to USD 1.59 a year ago.
For the nine months, revenue was USD 576.24 million compared to USD 456.18 million a year ago. Net income was USD 91.87 million compared to USD 104.34 million a year ago. Basic earnings per share from continuing operations was USD 4.03 compared to USD 4.6 a year ago. Diluted earnings per share from continuing operations was USD 3.98 compared to USD 4.53 a year ago.
Kinsale Capital Group, Inc. is a property and casualty insurance company that focuses on the excess and surplus lines (E&S) market in the United States. The Company markets and sells insurance products in approximately 50 states, the District of Columbia, the Commonwealth of Puerto Rico, and the United States Virgin Islands primarily through a network of independent insurance brokers. It writes an array of insurance coverages for risks that are unusual or hard to place in the standard insurance market. Its commercial lines offerings include commercial property, excess casualty, small business casualty, construction, general casualty, allied health, products liability, small business property, life sciences, entertainment, energy, professional liability, management liability, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad. It also writes homeowners coverage in the personal lines market.
KINSALE CAPITAL GROUP, INC. 
