AM Best Affirms Credit Ratings of Kinsale Insurance Company and Kinsale Capital Group

AM Best has affirmed Kinsale Insurance Company's Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of "a" (Excellent), with a stable outlook. Kinsale Capital Group's Long-Term ICR of "bbb" (Good) has also been affirmed with a positive outlook. The ratings reflect Kinsale's strong balance sheet, operating performance, and risk management. The positive outlook on the Long-Term ICR reflects AM Best's expectation of continued profitable growth driven by improved diversification and market expertise.

Oldwick, NJ – AM Best, a leading global credit rating agency, has affirmed Kinsale Insurance Company's Financial Strength Rating (FSR) of A (Excellent) and its Long-Term Issuer Credit Rating (Long-Term ICR) of "a" (Excellent), with a stable outlook. Additionally, the Long-Term ICR of Kinsale Capital Group, Inc., which is headquartered in Richmond, VA and listed on the NYSE under the ticker KNSL, has been affirmed at "bbb" (Good) with a positive outlook.

These ratings reflect Kinsale's robust balance sheet, strong operating performance, neutral business profile, and appropriate enterprise risk management (ERM). The company's risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), is at the strongest level, and it has shown consistent organic surplus growth through solid underwriting performance and net investment income. Kinsale's focus on underwriting fundamentals, conservative reserving, and an ERM program tailored to the surplus lines market supports these ratings.

The positive outlook on Kinsale Capital Group's Long-Term ICR reflects AM Best's expectation that the company's improved diversification of products and geographic markets, along with management's market expertise, will continue to drive profitable growth.

These ratings and outlooks underscore Kinsale's commitment to financial stability and growth. For more information, please visit AM Best's website or contact the company directly.

References:
[1] https://news.ambest.com/pr/PressContent.aspx?altsrc=2&refnum=36335
[2] https://www.stocktitan.net/news/KNSL/am-best-affirms-credit-ratings-of-kinsale-insurance-company-and-u65bljwy5v1k.html