Kinsale Capital Group Q1 2025 Earnings: Revenue Misses Estimate, EPS Beats

Kinsale Capital Group Inc reported Q1 2025 earnings of $3.83 per diluted share, beating estimates, but revenue of $423.4 million missed the target. The company faced increased catastrophe losses, leading to a decrease in net income compared to the same period in 2024. However, it achieved growth in gross written premiums and net investment income, and sustained profitability through disciplined underwriting and expense management.

Richmond, Va., April 25, 2025 -- Kinsale Capital Group Inc. (NYSE: KNSL) reported its first quarter 2025 earnings, with diluted earnings per share (EPS) of $3.83, beating analysts' estimates of $3.70. However, the company's revenue of $423.4 million fell short of the $430 million target. The company faced increased catastrophe losses, resulting in a decrease in net income compared to the same period in 2024. Despite these challenges, Kinsale Capital Group achieved growth in gross written premiums and net investment income, and maintained profitability through disciplined underwriting and expense management.

Key highlights from the quarter include:

- Net Income: Net income for Q1 2025 was $89.2 million, down from $98.9 million in Q1 2024. This decrease was primarily due to after-tax catastrophe losses of $17.8 million, compared to $0.5 million in the prior year.
- Gross Written Premiums: Gross written premiums increased by 7.9% to $484.3 million, driven by growth in the business excluding the Commercial Property Division.
- Net Investment Income: Net investment income grew by 33.1% to $43.8 million, reflecting strong operating cash flows.
- Operating Earnings: Diluted operating earnings per share increased by 6.0% to $3.71, indicating a robust operational performance.

Chairman and CEO Michael P. Kehoe stated, "Our business continues to produce exceptional profitability through the market cycle. We remain confident in our ability to deliver sustainable long-term value for stockholders as we execute our strategy of disciplined underwriting and technology-enabled expense management."

The company will hold a conference call to discuss these results on Friday, April 25, 2025, at 9:00 a.m. (Eastern Time). Investors can access the call by dialing (800) 715-9871, conference ID# 6520221, or via the Internet at www.kinsalecapitalgroup.com.

References:
[1] https://finance.yahoo.com/news/kinsale-capital-group-reports-first-201000476.html