Kinsale Capital Group, Inc. (KNSL) Stock Analysis
Recovery setup
Financial Services · Insurance - Property & Casualty
Hold if already holding. Not a fresh buy at $312.69, but acceptable to hold if already in. Reasons: Concentration risk — Customer: top-5 brokers (60.6%); Analyst target reached - limited upside remaining.
Kinsale Capital Group underwrites hard-to-place excess and surplus lines risks across all 50 U.S. states and territories, distributed through approximately 227 independent brokers with no underwriting authority granted to outside parties. In 2025, gross written premiums grew... Read more
Hold if already holding. Not a fresh buy at $312.69, but acceptable to hold if already in. Reasons: Concentration risk — Customer: top-5 brokers (60.6%); Analyst target reached - limited upside remaining. Chart setup: Death cross but MACD improving, RSI 56. Maintain position. Not compelling to add more. Score 5.8/10, moderate confidence.
Passes 6/9 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 37d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
About Kinsale Capital Group, Inc.
About Kinsale Capital Group, Inc.
Kinsale Capital Group wrote $2.0 billion in gross written premiums during 2025, a 5.7% increase year-over-year, exclusively within the U.S. excess and surplus lines market spanning all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. The combined ratio of 75.9% and return on equity of 29.3% for 2025 reflect a model that retains all underwriting and claims authority in-house. A.M. Best rates the operating subsidiary Kinsale Insurance Company "A" (Excellent).
Revenue flows from gross written premiums split 70.7% casualty and 29.3% property in 2025. Commercial lines accounted for 97.0% of premiums; personal lines — primarily high-value homeowners — represented 3.0%. Distribution runs through approximately 227 independent brokers, five of which together produced 60.6%, or $1.2 billion, of 2025 gross written premiums. The three largest — RSG Specialty ($371.2 million, 18.8%), AmWINS Brokerage ($339.0 million, 17.1%), and CRC Commercial Solutions ($231.2 million, 11.7%) — carry no minimum-volume obligations. California, Florida, and Texas represent the three largest states by gross written premium at 19.7%, 15.3%, and 14.0% respectively, flagged in the 10-K as states where any economic downturn could adversely affect results. The expense ratio of 20.8% and loss ratio of 55.1% in 2025 reflect a proprietary technology platform that allows underwriters to reply to most submissions within 24 hours without delegating binding authority.
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Broker concentration at the distribution layer poses a dependency risk the 10-K explicitly calls out: the five-broker cluster generating 60.6% of premiums operates under relationships that "may be discontinued at any time." A downgrade of Kinsale Insurance Company's A.M. Best "A" rating — triggered by reserve deficiency, investment losses, or regulatory pressure — could cause the largest brokers to redirect submissions to higher-rated competitors, with no contractual volume floor providing protection. The reinsurance program adds a separate annual renewal risk: the 10-K notes reinsurance availability is subject to prevailing market conditions and cannot be guaranteed on acceptable terms.
See also: Financial Services · Insurance - Property & Casualty
From Kinsale Capital Group, Inc.'s most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-06-17Recent Developments — Kinsale Capital Group, Inc.
Latest news
- NEWS Kinsale (KNSL) Peer Comparison | Q4 2025: Earnings Beat Estimates - Expert Stock Picks - Cổng thông tin điện tử Tỉnh Sơn — Cổng thông tin điện tử Tỉnh Sơn La positive
- NEWS Kinsale Capital Group (KNSL) Q1 2026 Preview: EPS Est. $4.68, Reports April 24 - AlphaStreet — AlphaStreet positive
- NEWS Why Kinsale Capital Group (KNSL) is Poised to Beat Earnings Estimates Again - Yahoo Finance — Yahoo Finance positive
- NEWS Cantor Fitzgerald Maintains Neutral Rating on Kinsale (KNSL) - Yahoo Finance — Yahoo Finance neutral
- NEWS Kinsale Capital Group (KNSL) Q1 Earnings Report Preview: What To Look For - StockStory — StockStory neutral
Generated 2026-06-17T09:12:24Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomertop-5 brokers61%10-K Item 1A: 'Of our 2025 gross written premiums, 60.6%, or $1.2 billion, were distributed through five of our approximately 227 brokers'
- LOWCustomerRSG Specialty LLC19%10-K Item 1: 'our largest brokers were RSG Specialty, LLC, which produced $371.2 million, or 18.8%, of our gross written premiums'
- MEDIUMGeographicCalifornia, Florida and Texas10-K Item 1A: 'We underwrite a significant portion of our insurance in California, Florida and Texas.'
Material Events(8-K, last 90d)
- 2026-04-29Item 5.02MEDIUMCIO Diane Schnupp retired effective April 29, 2026. Successor: Salmaan Allibhai promoted to EVP and Chief Analytics and Technology Officer effective April 29, 2026. No disagreement with the company cited.SEC filing →
- 2026-05-05Item 5.02LOWRetirement Agreement filed for former CIO Diane Schnupp. Severance: $20,833.33 per pay period Apr 30–Jul 31 2026; $1,041.67 per period Aug 15 2026–Mar 1 2028. Equity awards vest through Mar 2, 2028.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $312.69, but acceptable to hold if already in. Reasons: Concentration risk — Customer: top-5 brokers (60.6%); Analyst target reached - limited upside remaining. Chart setup: Death cross but MACD improving, RSI 56. Maintain position. Not compelling to add more. Target $322.54 (+3.2%), stop $294.01 (−6.4%), A.R:R -0.2:1. Score 5.8/10, moderate confidence.
Take-profit target: $322.54 (+3.2% upside). Target $322.54 (+3.2%), stop $294.01 (−6.4%), A.R:R -0.2:1. Stop-loss: $294.01.
Concentration risk — Customer: top-5 brokers (60.6%); Analyst target reached - limited upside remaining; Below 200-MA, MA slope -5.5%/30d (confirmed downtrend).
Kinsale Capital Group, Inc. trades at a P/E of 13.7 (forward 14.4). TrendMatrix value score: 6.7/10. Verdict: Hold.
18 analysts cover KNSL with a consensus score of 2.6/5. Average price target: $355.
What does Kinsale Capital Group, Inc. do?Kinsale Capital Group underwrites hard-to-place excess and surplus lines risks across all 50 U.S. states and...
Kinsale Capital Group underwrites hard-to-place excess and surplus lines risks across all 50 U.S. states and territories, distributed through approximately 227 independent brokers with no underwriting authority granted to outside parties. In 2025, gross written premiums grew 5.7% to $2.0 billion, with a combined ratio of 75.9% and a 29.3% return on equity.