AI-extracted from the 10-Q filed 2026-10-22 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q3 revenue of $454.8M declined 8.6% YoY as property underwriting weakness offset casualty gains, though nine-month net income rose 5.9% to $386.6M on strong underwriting and investment income.
Biggest Revenue Drivers
Net earned premiums$423.5M+3.0% YoY
Higher net retention levels and continued earning of premium from prior-period gross written premium growth.
Net investment income$58.3M+17.5% YoY
Growth in investment portfolio generated from investment of strong operating cash flows.
Biggest Revenue Drivers
Total revenue: $454.8M-8.6% YoY
Net earned premiums$423.5M+3.0% YoY
Higher net retention levels and continued earning of premium from prior-period gross written premium growth.
Net investment income$58.3M+17.5% YoY
Growth in investment portfolio generated from investment of strong operating cash flows.
Fee income$11.1M+7.8% YoY
Policy fees charged to insureds, impacted primarily by volume of business written.
Largest Expense Items
Losses and loss adjustment expenses$232.1M+2.2% YoY
Loss ratio of 53.4% vs 53.9% YoY; favorable prior-year development of $19.7M offset by higher catastrophe losses.
Underwriting, acquisition and insurance expenses$95.4M+7.9% YoY
Expense ratio of 22.0% vs 21.0% YoY, primarily due to lower ceding commissions from increased retention on reinsurance treaties.
Interest expense$3.2M+25.3% YoY
Higher debt balance and interest rates on outstanding senior notes and credit facility.
Margins: Combined ratio improved to 75.4% from 74.9% YoY despite Q3 portfolio repositioning charge. For nine months, combined ratio of 76.1% vs 77.5% YoY reflects lower catastrophe losses and strong prior-year reserve development, offsetting higher underwriting expense ratios from reduced ceding commissions.
Watch Items from the Filing
Gross written premiums declined 4.8% QoQ and 3.5% YTD, driven by 26.8% and 29.8% declines in Commercial Property division; property lines down 19.3% QoQ due to heightened competition.
Portfolio repositioning in Q3 reduced pre-tax earnings by $37.6M; company sold fixed-maturity securities at losses and equity holdings, reversing unrealized gains to recognize realized losses.
Average premium per policy written declined to $11,400 (Q3) and $12,000 (YTD) from $12,900 and $13,800 YoY, reflecting increased competition on larger accounts.
Contingent liability: Venetian Hills policy dispute; Georgia Court of Appeals vacated $140M judgment and ordered retrial; Company contests policy exclusions and continues appeal process.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About Kinsale Capital Group, Inc. (KNSL): stock profile, AI score and financials
Kinsale Capital Group, Inc. (KNSL) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores KNSL at 72.0/100 on a composite quality score built from its SEC filings, placing it at rank #166 of 2,925 stocks — the top 10% of the AI-ranked universe. KNSL scores in the top quartile across free cash flow (95.1), profitability (86.0), balance sheet strength (82.1). Based on the latest XBRL financial filings (Q3 2026), Kinsale Capital Group, Inc. reports quarterly revenue of $454.8M, net income of $98.1M, an operating margin of 27.2%. Top institutional holders of KNSL by reported 13-F value include BAMCO, BlackRock, Capital World Investors, based on the most recent SEC filings. KNSL trades on the NYSE exchange and files with the SEC under CIK 1669162. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate KNSL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Kinsale Capital Group, Inc. directly from SEC EDGAR.