In This Article:
Kinsale Capital Group (NYSE:KNSL) Full Year 2024 Results
Key Financial Results
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Revenue: US$1.59b (up 30% from FY 2023).
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Net income: US$414.8m (up 35% from FY 2023).
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Profit margin: 26% (in line with FY 2023).
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EPS: US$17.92 (up from US$13.37 in FY 2023).
KNSL Profitability Indicators
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Combined ratio: 76.4% (up from 75.4% in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Kinsale Capital Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%.
In the last 12 months, the only revenue segment was Excess and Surplus Lines Insurance contributing US$1.59b. Notably, cost of sales worth US$1.06b amounted to 67% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$110.0m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how KNSL's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in the US.
Performance of the American Insurance industry.
The company's shares are down 8.2% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Kinsale Capital Group that we have uncovered.
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