Kinsale Capital Group, Inc. — Cyborg Score 8/10

Strong
Property & Casualty Insurance / Excess & Surplus Lines

Strategic Profile

Kinsale's strategy involves insuring unique, hard-to-place risks that demand tailored underwriting expertise, developing policies for specialized areas such as construction, energy, and health care services. The company has built a highly efficient operation leveraging its proprietary technology platform and employee expertise.

Cyborg Score Rationale

Operating earnings per share were $5.21, up 24% year-over-year. The company reported year-on-year revenue growth of 17.3%, with $483.3 million of revenue exceeding Wall Street's estimates by 3.3%. Strong recent earnings growth is tempered by analyst expectations of slower near-term revenue growth.

Top Insights

  • Book value per share grew at 27.3% annually over five years and accelerated to 34.4% growth over the last two years to $84.66 per share.
  • Revenue growth is forecast to slow to 3.8% by end of 2026, below the 27% historical growth rate, but in line with the wider insurance industry's 3.3% forecast.
  • The company sells insurance products in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands primarily through independent insurance brokers.
  • Net premiums earned comprised 87.3% of total revenue over the last five years, with minimal reliance on non-insurance revenue drivers.

Named Competitors

  • Markel Group — Specialty insurance and Markel Ventures subsidiary
  • W. R. Berkley Corporation — Property and casualty insurance products
  • Skyward Specialty Insurance Group — Specialty insurance carrier
  • Palomar Holdings — Property and casualty insurance provider

Recent Developments

  • (February 2026) Q4 2025 revenue of $483.3 million exceeded analyst expectations by 3.3%, with 17.3% year-over-year growth
  • (February 2026) Full-year 2025 EPS of $21.65 beat expectations by 3.9%
  • (February 2026) Stock traded down 2.9% to $389.41 after earnings announcement despite solid results

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