Kinsale Capital Group, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 15, 2024 at 04:09 pm EST
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Kinsale Capital Group, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 351.17 million compared to USD 248.21 million a year ago. Net income was USD 103.39 million compared to USD 67.25 million a year ago. Basic earnings per share from continuing operations was USD 4.48 compared to USD 2.94 a year ago. Diluted earnings per share from continuing operations was USD 4.43 compared to USD 2.9 a year ago.
For the full year, revenue was USD 1,224.45 million compared to USD 838.8 million a year ago. Net income was USD 308.09 million compared to USD 159.11 million a year ago. Basic earnings per share from continuing operations was USD 13.37 compared to USD 6.97 a year ago. Diluted earnings per share from continuing operations was USD 13.22 compared to USD 6.88 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.