KNSL Earnings Prediction
The chart below shows how KNSL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KNSL sees a -2.33% change in stock price 10 days leading up to the earnings, and a +1.82% change 10 days following the report. On the earnings day itself, the stock moves by +0.32%. This data can give you a slight idea of what to expect for the next quarter's release.
KNSL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
396.88M
24.14%
4.39%
Gross Margin
--
--
--
Operating Margin
31.70%
-1.86%
5.28%
Net Margin
28.78%
20.87%
18.19%
EPS
4.90
50.31%
23.43%
No Data Available
KNSL Earnings Analysis
Kinsale Capital Group, Inc. Corporation (KNSL.N) Earnings Conference Call
Positive
Earnings and Premium Growth: Kinsale's operating earnings per share increased 27% and gross written premium grew by 19% over the third quarter of 2023.
Strong Financial Performance: The company posted a combined ratio of 75.7% and an annualized operating return on equity of 28.2%.
Net Income Surge: Net income and net operating earnings increased by 50.1% and 26.8%, respectively.
Earnings Per Share Increase: Diluted operating earnings per share improved to $4.20 for the quarter compared to $3.31 per share for the third quarter of 2023.
Share Buyback Program Approval: The board of directors approved a $100 million share buyback program.
Negative
Operating Earnings Growth: Kinsale's operating earnings per share increased 27% and gross written premium grew by 19% over the third quarter of 2023, indicating a strong performance but also highlighting the competitive pressures in the market.
Profitability Challenges: The company posted a combined ratio of 75.7% and an annualized operating return on equity of 28.2%, which, while positive, reflects the challenges in maintaining profitability in a competitive environment.
Business Strategy and Risks: Kinsale's business strategy is the principal driver of these results, but the ongoing competition and market dynamics may pose risks to future growth and profitability.
E&S Market Competition Impact: The overall E&S market in the third quarter was generally steady, but with a continued increase in competition, which could impact Kinsale's market share and pricing power.
Natural Catastrophe Losses Concerns: Kinsale's natural catastrophe losses in the quarter were modest, but the potential for larger losses from future events remains a concern, particularly in light of the recent hurricanes.
KNSL FAQs
How does KNSL typically perform around its earnings report dates?
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KNSL Earning Call Sentiment
Kinsale Capital Group, Inc. (KNSL) Q3 2024 Earnings Call Transcript
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KNSL.N
-2.34%Positive
The earnings call presents strong financial performance with significant growth in operating earnings, net income, and investment income. The share buyback program adds a positive sentiment, though modest. Despite competitive pressures and hurricane risks, the company maintains a conservative reserve strategy and stable expense ratio. The Q&A reveals some uncertainties but overall supports growth expectations. The combination of strong results and optimistic guidance suggests a positive stock price movement over the next two weeks.
