Kinsale Capital Group, Inc. reported a significant increase in financial performance for the second quarter of 2026, with net income rising to $175.9 million, a 31.1% increase from $134.1 million in the same period last year. The company's revenue for the quarter reached $548.5 million, up from $469.8 million in the prior year, driven by a combination of higher net earned premiums and increased investment income. Net earned premiums increased by 8.9% to $417.6 million, reflecting continued growth in the company's underwriting operations.
In terms of operational metrics, Kinsale's gross written premiums decreased by 5.0% to $527.6 million, primarily due to a 32.7% decline in the Commercial Property Division, which faced heightened competition. However, excluding this division, gross written premiums grew by 3.7%, indicating strong submission flow across other divisions. The company’s net retention ratio improved to 85.8%, up from 82.6% in the previous year, as a result of increased retention on reinsurance treaties.
Kinsale's investment income also saw a notable increase, with net investment income rising by 19.9% to $55.7 million, attributed to a growing investment portfolio and higher returns on equity investments. The company reported net realized investment gains of $6.7 million for the quarter, compared to just $0.1 million in the prior year. The change in the fair value of equity securities was $56.2 million, significantly higher than the $28.6 million reported in the same quarter of 2025.
The company’s total assets increased to $6.4 billion as of June 30, 2026, up from $6.0 billion at the end of 2025. This growth was supported by a rise in cash and cash equivalents, which reached $210.5 million, compared to $163.4 million at the end of the previous year. Kinsale's stockholders' equity also saw an increase, totaling $2.0 billion, reflecting strong operational performance and effective capital management.
Looking ahead, Kinsale Capital Group anticipates continued growth in its underwriting operations, supported by a favorable market environment and strategic initiatives aimed at enhancing its competitive position. The company remains focused on maintaining its strong financial position while navigating the challenges posed by market conditions and competition in the excess and surplus lines insurance sector.
About Kinsale Capital Group, Inc.
Kinsale Capital Group, Inc. is a specialty property and casualty insurer focusing on the U.S. excess and surplus lines market. It underwrites hard-to-place risks across various commercial and personal lines, leveraging proprietary technology for efficient underwriting, claims management, and data analysis. The company targets niche markets, maintains a strong balance sheet, and competes through expertise, technology, and disciplined risk management.
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