KNSL Kinsale Capital Group (KNSL) Q3 FY26 earnings call
Kinsale Capital Group delivered strong operating profitability in Q3 FY26, maintaining a best-in-class combined ratio and robust operating return on equity despite a highly competitive E&S market. The company strategically shifted towards smaller accounts and leveraged its proprietary technology and analytics to preserve margins, while actively expanding distribution and product offerings to drive future growth.
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KNSL operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | This call 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.