Kinsale Capital Group, Inc.KNSL
NYSE•Financial Services•Insurance - Property & Casualty
Kinsale Capital Group, Inc. engages in the provision of property and casualty insurance products in the United States. The company's commercial lines offerings include commercial property, excess casualty, general casualty, small business casualty, construction, allied health, small business property, products liability, entertainment, commercial auto, energy, excess professional, life sciences, inland marine, professional liability, environmental, health care, management liability, public entity, agribusiness casualty and property, aviation, ocean marine, and product recall insurance. Its personal lines offerings also include high value homeowners and personal insurance products. The company sells its insurance products in all 50 states, the District of Columbia, the Commonwealth of Puerto Rico, and the U.S. Virgin Islands primarily through a network of independent insurance brokers. Kinsale Capital Group, Inc. was founded in 2009 and is headquartered in Richmond, Virginia.
Kinsale Capital Group, Inc. (KNSL) reported trailing twelve months revenue of $1.92B as of March 2026, a 17.0% increase year-over-year. Quarterly revenue reached $466.71M, reflecting continued top-line momentum.
Kinsale Capital Group, Inc. generated $526.94M in TTM net income, with quarterly EBITDA of $139.66M. The operating margin expanded from 26.5% to 29.9%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (29.9%) and net margin (24.1%) indicates moderate non-operating costs. Net margin has improved from 21.1% a year ago, signaling stronger bottom-line efficiency.
KNSL trades at a P/E of 14.7x (below the broader market average) and a P/S of 4.0x. The price-to-book ratio of 3.9x reflects a moderate premium to book value.
The company generated $241.32M in free cash flow over the trailing twelve months, a 10.9% increase year-over-year, indicating cash generation ability. The balance sheet shows $6.22B in total assets with $224.47M in long-term debt against $1.97B in stockholders equity for a debt-to-equity ratio of 0.1, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~32.8%, suggesting durable pricing power and cost discipline.
Consistently high ROE averaging 26.9% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~34.2% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~34.5% — no sign of cost or pricing stress.
FCF covers net income by 2.2x on average — earnings are well-supported by cash generation.
D/E ratio is 0.1 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.