Added to YB: 2026-03-17
Pitch date: 2026-03-15
KNSL [neutral]
Kinsale Capital Group, Inc.
-1.36%
current return
Author Info
Slow Compounding is an ex buy-side analyst looking for high-quality companies that create high shareholder returns. Investing for the long-term. Sign up for the newsletter.
Company Info
Kinsale Capital Group, Inc. engages in the provision of property and casualty insurance products in the United States.
Market Cap
$8.4B
Pitch Price
$363.61
Price Target
N/A
Dividend
0.28%
EV/EBITDA
12.99
P/E
16.75
EV/Sales
4.51
Sector
Insurance
Category
N/A
Kinsale's PYD: Hidden risk?
KNSL (update): Casualty occurrence shows adverse PYD in several accident years (2016-18, 2021-23 developed 102%-115% above initial estimates), while claims-made remains favorable. CFO notes higher IBNR vs paid on recent cohorts = more conservative reserving. Occurrence is 70-75% of casualty GWP, so material. Overall PYD still negative across all lines; 20%+ ROE intact.
Read full article (6 min)