KNSL Kinsale Capital Group (KNSL) Q2 FY26 earnings call
Kinsale Capital Group demonstrated robust profitability in Q2 FY26, driven by strong underwriting results and investment income, despite a highly competitive E&S market. The company prioritized profitability over growth, particularly in the challenging Commercial Property division, while leveraging technology and data analytics to maintain its underwriting discipline. Capital allocation remains focused on share buybacks, reflecting management's confidence in the business model during this interim phase of slower growth.
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KNSL operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Combined ratio | 77.4%Kinsale's combined ratio was 77.4%.Source: earnings call transcript | 75.5%Kinsale's sales combined ratio was 75.5% for the quarter.Source: earnings call transcript | 75.4%Kinsale's combined ratio was 75.4% for the quarter.Source: earnings call transcript | -0.1 pt |
| Average policy premium | $12.2KIt was $12,200 per policy, down from $14,200 and in the first quarter of 2025.Source: earnings call transcript | ~$12KWith an average premium of approximately $12,000, our platform is built around smaller accounts, and that part of the market remained active in the quarter.Source: earnings call transcript | — | — |
| Insurance float | $3.3BKinsale's float, mostly unpaid losses and unearned premium grew to $3.3 billion at March 31 from $3.1 billion at the end of 2025.Source: earnings call transcript | $3.4BKinsale sales float, mostly on paid losses and unearned premium grew to $3.4 billion at June 30, up from $3.1 billion at the end of 2025.Source: earnings call transcript | $3.5BKinsale's sales float increased to $3.5 billion at September 30, up from $3.1 billion at year-end 2025.Source: earnings call transcript | +2.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.