Kinsale Capital Group, Inc. Q2 2026 Earnings Recap

Shares rose 8.8% following Q2 results as Kinsale demonstrated resilient profitability with a 15.9% operating EPS increase and a 75.5% combined ratio, supported by disciplined underwriting and favorable investment income despite modest premium growth and competitive pressures in commercial property.

Key Takeaways

• Diluted operating EPS rose 15.9% to $5.54, reflecting effective cost control and underwriting discipline.
• Net earned premium increased 8.9%, while gross and net written premiums declined 5% and 1.4%, respectively, weighed down by shrinking volume in the highly competitive commercial property segment.
• The combined ratio improved to 75.5%, including 4.5 points of favorable prior year loss reserve development and 1.3 points of catastrophe losses.
• Investment income grew nearly 20% aided by portfolio growth and higher new money yields averaging 5.25%.
• New business submissions were up 6% overall, with 8% growth outside commercial property, highlighting selective growth in favorable underwriting segments.