Kinsale Capital Group, Inc. reported significant financial performance for the second quarter of 2025, with net income reaching $134.1 million, a 44.9% increase from $92.6 million in the same period last year. The company’s gross written premiums also saw a rise, totaling $555.5 million, up 4.9% from $529.8 million in the prior year. This growth was attributed to a combination of higher investment income and continued profitable growth across its insurance segments. The net earned premiums increased by 15.4% to $383.6 million, reflecting the company's strong market position and effective underwriting strategies.
In comparison to the previous fiscal period, Kinsale's net written premiums increased by 6.6% to $458.7 million, driven by a favorable mix of business and improved retention rates. The company reported a loss ratio of 55.1%, down from 56.6% a year earlier, indicating better management of claims and loss adjustment expenses. The expense ratio also improved slightly to 20.7% from 21.1%, showcasing operational efficiency. The combined ratio for the quarter was 75.8%, indicating an underwriting profit, which is a positive indicator of the company's financial health.
Strategically, Kinsale has continued to focus on its core Excess and Surplus Lines Insurance segment, which remains its sole reportable segment. The company has been actively managing its investment portfolio, which totaled $4.5 billion as of June 30, 2025, with fixed-maturity securities making up the majority. The investment income for the quarter was $46.5 million, a 29.6% increase from the previous year, reflecting the company's effective investment strategies and market conditions. Additionally, Kinsale has authorized a share repurchase program of up to $100 million, demonstrating confidence in its financial position and commitment to returning value to shareholders.
Operationally, Kinsale reported a total employee headcount of 1,200, reflecting its growth and expansion efforts. The company has also been expanding its geographic reach, with its products now marketed in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. The company’s focus on enhancing its underwriting capabilities and expanding its product offerings has contributed to a strong submission flow from brokers, particularly in its casualty and property divisions.
Looking ahead, Kinsale anticipates continued growth in gross written premiums and net income, supported by favorable market conditions and strategic initiatives. The company remains cautious about potential economic factors that could impact its operations, including inflation and competitive pressures in the insurance market. Kinsale's management is committed to maintaining its strong financial position while navigating these challenges, with a focus on delivering value to its shareholders and policyholders.
About Kinsale Capital Group, Inc.
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