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Kinsale Capital Group

KNSL NYSE Property & Casualty Insurance Financials FY2016–FY2025

Kinsale Capital Group's revenue rose 18.0% to $1.9 billion in fiscal 2025. Its net margin was 26.9%, up from 26.1% a year earlier. Free cash flow was $990 million, up 4.0%. It paid out $106 million in dividends and buybacks, 11% of free cash flow. The diluted share count fell 0.3%.

Last close · Oct 23, 2026

$364.49

6.7%
Value it Compare
Revenue Total sales reported in the income statement.
$1.9B
18.0% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
$504M
21.4%
Free cash flow Cash from operations minus capital spending.
$990M
4.0%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
28.7%
2.8 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$8.2B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
15.9x
On $22.94 EPS (TTM)

What Kinsale Capital Group does

No business description yet.

Legal name
KINSALE CAPITAL GROUP, INC.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001669162-26-000015
0001669162

Revenue and margins

Kinsale Capital Group had $1.9B of revenue in fiscal 2025, up 18.0% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $990M in fiscal 2025, 52.8% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Kinsale Capital Group returned $106M to shareholders in fiscal 2025, 11% of free cash flow. The diluted share count fell 0.3%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Kinsale Capital Group yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$57.2M and divides by 23.3M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 15.9x · peers 11.5x · sector 13.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably Kinsale Capital Group can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $121M$198M$132M$117M$167M
Debt incl. finance leases $42.7M$196M$184M$184M$224M
Net debt / EBITDA −0.4x−0.0x0.1x0.1x0.1x
Debt / equity 0.1x0.3x0.2x0.1x0.1x
Interest coverage 190.9x46.7x38.3x51.8x60.6x
Total assets $2.0B$2.7B$3.8B$4.9B$6.0B
Total liabilities $1.3B$2.0B$2.7B$3.4B$4.1B
Shareholders' equity $699M$745M$1.1B$1.5B$2.0B
Net debt (− = net cash) −$78.3M−$1.9M$51.5M$67.2M$57.2M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$1.1M

2 insiders

Sold, 12 months

$10.7M

5 insiders

Of sales under plans

64%

$6.8M

DateInsiderTradeSharesPriceValueFiling
Jun 8, 2026 Christopher R. TangardSVP, Chief Accounting Officer Bought 330 $304.00 $0.1M Form 4
May 26, 2026 Salmaan K. AllibhaiChief Analytics & Tech Officer Sold 250 $311.17 $0.1M Form 4
May 5, 2026 Michael P KehoeChairman President and CEO, Director Sold plan 22,576 $302.66 $6.8M Form 4
Feb 27, 2026 Bryan P. PetrucelliEVP, CFO and Treasurer Sold 5,100 $378.35 $1.9M Form 4
Feb 26, 2026 Frederick L. Russell Jr.Director Sold 4,000 $379.50 $1.5M Form 4
Feb 26, 2026 Robert V. Hatcher IIIDirector Sold 150 $379.68 $0.1M Form 4
Feb 24, 2026 Frederick L. Russell Jr.Director Sold 801 $374.17 $0.3M Form 4
Dec 15, 2025 Gregory M ShareDirector Bought 2,675 $391.95 $1.0M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✕ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✓ ✓
Current ratio rose — — —
Share count didn't rise ✕ ✕ ✓
Gross margin rose — — —
Revenue rose relative to assets ✓ ✕ ✕
F-score — / 9— / 9— / 9
Accruals ratio −16.9%−13.0%−9.9%
Altman Z'' ———

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Kinsale Capital Group KNSL $8.2B 18.0% — 52.8% 28.7% 15.9x —
RLI RLI $6.0B 6.3% — 32.3% — 15.1x — Compare →
Selective Insurance Group SIGI $5.8B 9.8% — 22.4% 14.6% 11.6x — Compare →
Hanover Insurance THG $8.5B 5.7% 14.2% 17.8% 21.3% 11.4x — Compare →
Old Republic International ORI $9.6B 11.0% — — — 8.5x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $142M $187M $222M $316M $460M $654M $839M $1.2B $1.6B $1.9B
Interest expense $1.3M — — $0.2M $0.2M $1.0M $4.3M $10.3M $10.1M $10.6M
Pretax income $39.5M $38.5M $40.5M $76.1M $100M $189M $196M $384M $515M $634M
Income tax $13.4M $13.6M $6.7M $12.7M $12.0M $36.1M $36.4M $75.9M $99.9M $131M
Net income $26.2M $24.9M $33.8M $63.3M $88.4M $153M $159M $308M $415M $504M
Diluted EPS — $1.16 $1.56 $2.86 $3.87 $6.62 $6.88 $13.22 $17.78 $21.65
Diluted shares — 0.02B 0.02B 0.02B 0.02B 0.02B 0.02B 0.02B 0.02B 0.02B
Cash flow
Cash from operations $73.7M $77.4M $104M $178M $280M $407M $558M $860M $976M $1.0B
Capital expenditure $0.6M $0.2M $1.3M $19.6M $32.9M $5.9M $6.9M $6.6M $23.9M $53.7M
Free cash flow $73.2M $77.2M $103M $159M $247M $401M $551M $853M $952M $990M
Depreciation and amortization $0.6M $0.5M $0.6M $0.7M $1.6M $2.3M $2.7M $3.3M $5.8M $5.8M
Stock-based compensation $0.5M $0.7M $1.6M $2.7M $3.6M $4.8M $6.7M $9.4M $14.1M $17.9M
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $10.0M $90.0M
Dividends paid $2.1M $5.0M $5.9M $6.9M $8.1M $10.0M $11.9M $13.0M $13.9M $15.8M
Dividends and buybacks $2.1M $5.0M $5.9M $6.9M $8.1M $10.0M $11.9M $13.0M $23.9M $106M
Balance sheet
Cash and short-term investments $50.8M $81.7M $75.1M $100M $77.1M $121M $198M $132M $117M $167M
Total debt — — — — — $42.7M $196M $184M $184M $224M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net — — $2.1M $22.6M $46.2M $49.3M $53.5M $63.4M $82.9M $89.4M
Total assets $614M $668M $773M $1.1B $1.5B $2.0B $2.7B $3.8B $4.9B $6.0B
Total liabilities $404M $430M $509M $685M $971M $1.3B $2.0B $2.7B $3.4B $4.1B
Shareholders' equity $210M $238M $264M $406M $576M $699M $745M $1.1B $1.5B $2.0B
Margins
EBITDA margin 29.3% — — 24.4% 22.2% 29.4% 24.2% 32.5% 33.4% 34.7%
Net margin 18.5% 13.3% 15.2% 20.0% 19.2% 23.4% 19.0% 25.2% 26.1% 26.9%
FCF margin 51.7% 41.3% 46.2% 50.3% 53.7% 61.4% 65.7% 69.7% 60.0% 52.8%
Returns
Return on capital — — — — — — 23.8% 33.6% 31.5% 28.7%
Return on equity 16.2% 11.1% 13.5% 18.9% 18.0% 23.9% 22.0% 33.6% 32.3% 29.3%
Return on assets 4.5% 3.9% 4.7% 6.8% 6.7% 8.6% 6.7% 9.5% 9.6% 9.2%
Growth
Revenue growth 75.7% 31.9% 18.9% 42.2% 45.6% 42.1% 28.4% 46.0% 29.7% 18.0%
Net income growth 17.5% −4.8% 35.7% 87.4% 39.7% 72.7% 4.2% 93.6% 34.7% 21.4%
EPS growth — — 34.5% 83.3% 35.3% 71.1% 3.9% 92.2% 34.5% 21.8%
FCF growth −6.8% 5.5% 33.0% 54.6% 55.7% 62.3% 37.3% 54.9% 11.6% 4.0%
Share count change — — 0.9% 2.1% 3.2% 0.9% 0.3% 0.8% 0.1% −0.3%
Financial health
Net debt / EBITDA — — — — — −0.4x −0.0x 0.1x 0.1x 0.1x
Debt / equity — — — — — 0.1x 0.3x 0.2x 0.1x 0.1x
Interest coverage 31.4x — — 381.3x 598.7x 190.9x 46.7x 38.3x 51.8x 60.6x
Capital allocation
Capex / revenue 0.4% 0.1% 0.6% 6.2% 7.2% 0.9% 0.8% 0.5% 1.5% 2.9%
Stock comp / revenue 0.4% 0.4% 0.7% 0.9% 0.8% 0.7% 0.8% 0.8% 0.9% 1.0%
Payouts / FCF 2.9% 6.5% 5.8% 4.4% 3.3% 2.5% 2.2% 1.5% 2.5% 10.7%
Quality scores
Accruals ratio −8.2% −8.2% −9.7% −12.4% −14.5% −14.2% −16.7% −16.9% −13.0% −9.9%

Source: SEC EDGAR XBRL filings (CIK 0001669162). Data updated October 22, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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