| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 42 | 16.1x | 17.3x | Around median | |
Growth | 66 | 8.3% | 7.1% | Top tier | |
Quality | 97 | — | — | Top tier | |
Safety | 37 | — | — | Bottom tier | |
Capital Return | 86 | 0.25% | 0.06% | Top tier | |
Momentum | 50 | -26.5% | -1.6% | Around median | |
Sentiment | 79 | 8 | 3 | Top tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Kinsale Capital Group operates in specialty insurance within the excess and surplus lines E&S market, generating income from written insurance premiums and from investing the float created by unpaid losses and unearned premiums. Its platform focuses on small and medium-sized accounts with an average premium of approximately 12 thousand dollars, and distributes most of its business through wholesale brokers, while Aspera distributes most personal lines products. The company relies on a proprietary, internally developed enterprise system and on data accumulated over 17 years to improve risk pricing, underwriting, and process automation.
In Q2 FY2026, revenue reached 548.5 million dollars, an annual increase of 16.8%, and net income reached 175.9 million dollars, equivalent to approximately 32.1% of revenue, while GAAP earnings per share were 7.72 dollars. On an operating basis, diluted earnings per share increased 15.9% to 5.54 dollars, net income increased 31.1%, and the company generated an annualized operating return on equity of 24.4%. The combined ratio was 75.5%, including 4.5 points of favorable prior-year reserve development and 1.3 points of catastrophe losses.
The premium mix in Q2 FY2026 showed clear divergence: gross written premiums declined 5% and net written premiums declined 1.4%, while net earned premiums increased 8.9%. Excluding the commercial property division, which underwrites large shared and layered accounts, gross written premiums grew 3.7%. Growth came from areas such as excess casualty, commercial auto, entertainment, environmental, agribusiness liability, and energy, offset by a deliberate contraction in commercial property due to lower prices and broader coverage.
The average analyst price target is 447.8 dollars, with a Neutral consensus and a wide range from 339 to 514 dollars; the average is approximately 7.7% below the 52-week range high of 485 dollars, while the highest target exceeds that high. Meanwhile, JPMorgan raised its target to 390 dollars and Morgan Stanley to 345 dollars following Q2 FY2026 results, both below the consensus average, reflecting continued caution toward slowing premiums and pricing pressure despite strong profitability.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
Revenue reached 548.5 million dollars, an annual increase of 16.8%, while net income reached 175.9 million dollars and GAAP earnings per share were 7.72 dollars. Diluted operating earnings per share increased 15.9% to 5.54 dollars, while net income rose 31.1%. The company also recorded a combined ratio of 75.5% and an annualized operating return on equity of 24.4%.
Gross written premiums declined 5% and net written premiums declined 1.4% in Q2 FY2026, while net earned premiums increased 8.9%. The decline primarily came from the commercial property division, which writes large shared and layered accounts, where the company faced substantial pricing declines and broader coverage. Excluding this division, gross written premiums grew 3.7%, demonstrating that the contraction did not encompass the entire portfolio.
Excess casualty, commercial auto, entertainment, environmental, agribusiness liability, and energy recorded significant growth in Q2 FY2026. New business submissions increased 8% excluding commercial property, and more than half of the divisions recorded double-digit submission growth. The platform focuses on small and medium-sized accounts with an average premium of approximately 12 thousand dollars, with the strongest growth in accounts with premiums of 25 thousand dollars or less.
Automated analysis for informational purposes only — not investment advice.
Kinsale owns its customized enterprise system and a unified database containing 17 years of company data, using them to improve risk segmentation, pricing, and underwriting models. In Q2 FY2026, management said the analytics, technology, underwriting, and claims teams use dozens of artificial intelligence-powered skills, bots, and agentic tools daily. It has also integrated artificial intelligence capabilities into its proprietary underwriting worksheets to improve productivity, customer service, and accuracy.
In July 2026, the company announced the addition of 250 million dollars to its repurchase authorization, bringing the announced available authorization to 337 million dollars. It had exhausted a previous 100-million-dollar authorization and then used a substantial portion of another 250-million-dollar authorization. Management described repurchases as the primary capital allocation strategy during a period of moderate premium growth, while emphasizing that funding growth will return to priority when it accelerates.
The first risk is the soft commercial property market, where prices are declining, coverage is broadening, and competition is intensifying from traditional markets, managing general agents, and London markets. The aggregate pricing index also declined 5.9% in Q2 FY2026, while the expense ratio increased to 21.7% from 20.7% a year earlier. Additional risks include the 5% decline in gross written premiums and the potential increase in the accident-year loss ratio as the mix shifts away from property toward casualty business.