Kinsale Capital (KNSL)


Market Price (11/9/2026): $383.57 | Market Cap: $8.6 BilSector: Financials | Industry: Property & Casualty Insurance

Kinsale Capital (KNSL)


Market Price (11/9/2026): $383.57
Market Cap: $8.6 Bil
Sector: Financials
Industry: Property & Casualty Insurance

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.3%, FCF Yield is 11%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -30%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 51%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 50%

Low stock price volatility
Vol 12M is 35%

Megatrend and thematic drivers
Megatrends include Digital Transformation in Insurance, and Specialty & Complex Risk Management. Themes include AI & Data Analytics for Underwriting, and Excess & Surplus Lines Insurance.

Weak multi-year price returns
2Y Excs Rtn is -38%, 3Y Excs Rtn is -62%

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.14

Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -8.6%

Key risks
KNSL key risks include [1] pronounced financial volatility stemming from its exclusive focus on the cyclical Excess and Surplus (E&S) insurance market.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.3%, FCF Yield is 11%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -30%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 51%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 50%
3 Low stock price volatility
Vol 12M is 35%
4 Megatrend and thematic drivers
Megatrends include Digital Transformation in Insurance, and Specialty & Complex Risk Management. Themes include AI & Data Analytics for Underwriting, and Excess & Surplus Lines Insurance.
5 Weak multi-year price returns
2Y Excs Rtn is -38%, 3Y Excs Rtn is -62%
6 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.14
7 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -8.6%
8 Key risks
KNSL key risks include [1] pronounced financial volatility stemming from its exclusive focus on the cyclical Excess and Surplus (E&S) insurance market.

KNSL in ETFs

Weight = KNSL's share of each fund

VTI0.01%
ITOT0.01%
IWB0.01%
IJH0.23%
VB0.09%
NUSC0.65%
IJK0.46%
MDYG0.45%
+18 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/3/2026

Kinsale Capital (KNSL) stock has gained about 10% since 7/31/2026 because of the following key factors:

1. Kinsale Capital Group reported strong operating earnings for fiscal Q3 2026, exceeding analyst expectations. The company posted net operating earnings of $5.70 per diluted share, which beat the consensus estimate of $5.11 by 11.6% and marked a 9.4% increase compared to fiscal Q3 2025.

2. The company demonstrated excellent underwriting profitability with a low combined ratio in fiscal Q3 2026. Kinsale achieved a combined ratio of 75.4%, outperforming analyst estimates of 78.5% by 308 basis points. This indicates efficient claims management and strong underwriting performance.

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Updated on 11/3/2026

Kinsale Capital (KNSL) stock has gained about 10% since 7/31/2026 because of the following key factors:

1. Kinsale Capital Group reported strong operating earnings for fiscal Q3 2026, exceeding analyst expectations. The company posted net operating earnings of $5.70 per diluted share, which beat the consensus estimate of $5.11 by 11.6% and marked a 9.4% increase compared to fiscal Q3 2025.

2. The company demonstrated excellent underwriting profitability with a low combined ratio in fiscal Q3 2026. Kinsale achieved a combined ratio of 75.4%, outperforming analyst estimates of 78.5% by 308 basis points. This indicates efficient claims management and strong underwriting performance.

3. Kinsale experienced substantial growth in net investment income during fiscal Q3 2026. Net investment income rose by 17.5% to $58.3 million, up from $49.6 million in the same period a year prior. This increase was driven by the expansion of the company's investment portfolio and higher interest rates.

4. The company engaged in significant share repurchases, signaling confidence and returning capital to shareholders. During fiscal Q3 2026, Kinsale Capital repurchased 0.27 million shares for a total of $100 million. As of September 30, 2026, the company still had $237.5 million remaining under its share repurchase authorization.

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Stock Movement Drivers

Fundamental Drivers

The 7.7% change in KNSL stock from 7/31/2026 to 11/8/2026 was primarily driven by a 15.3% change in the company's P/E Multiple.
(LTM values as of)731202611082026Change
Stock Price ($)356.19383.737.7%
Change Contribution By: 
Total Revenues ($ Mil)1,9961,953-2.1%
Net Income Margin (%)28.5%26.9%-5.6%
P/E Multiple14.316.415.3%
Shares Outstanding (Mil)23221.2%
Cumulative Contribution7.7%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/8/2026
ReturnCorrelation
KNSL7.7% 
Market (SPY)-1.6%-3.8%
Sector (XLF)0.4%49.7%

Fundamental Drivers

The 18.8% change in KNSL stock from 4/30/2026 to 11/8/2026 was primarily driven by a 16.6% change in the company's P/E Multiple.
(LTM values as of)430202611082026Change
Stock Price ($)323.13383.7318.8%
Change Contribution By: 
Total Revenues ($ Mil)1,9171,9531.9%
Net Income Margin (%)27.5%26.9%-2.2%
P/E Multiple14.116.416.6%
Shares Outstanding (Mil)23222.2%
Cumulative Contribution18.8%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/8/2026
ReturnCorrelation
KNSL18.8% 
Market (SPY)2.6%-22.8%
Sector (XLF)10.0%36.0%

Fundamental Drivers

The -3.7% change in KNSL stock from 10/31/2025 to 11/8/2026 was primarily driven by a -15.6% change in the company's P/E Multiple.
(LTM values as of)1031202511082026Change
Stock Price ($)398.44383.73-3.7%
Change Contribution By: 
Total Revenues ($ Mil)1,8031,9538.3%
Net Income Margin (%)26.3%26.9%2.2%
P/E Multiple19.516.4-15.6%
Shares Outstanding (Mil)23223.0%
Cumulative Contribution-3.7%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/8/2026
ReturnCorrelation
KNSL-3.7% 
Market (SPY)8.7%-9.9%
Sector (XLF)10.5%31.7%

Fundamental Drivers

The 15.5% change in KNSL stock from 10/31/2023 to 11/8/2026 was primarily driven by a 74.2% change in the company's Total Revenues ($ Mil).
(LTM values as of)1031202311082026Change
Stock Price ($)332.11383.7315.5%
Change Contribution By: 
Total Revenues ($ Mil)1,1211,95374.2%
Net Income Margin (%)24.2%26.9%10.9%
P/E Multiple28.216.4-41.6%
Shares Outstanding (Mil)23222.5%
Cumulative Contribution15.5%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/8/2026
ReturnCorrelation
KNSL15.5% 
Market (SPY)81.9%14.4%
Sector (XLF)84.4%35.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
KNSL Return19%10%28%39%-16%-2%94%
Peers Return30%8%-4%26%9%1793981%3306319%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
KNSL Win Rate50%58%58%67%42%55% 
Peers Win Rate56%52%57%53%48%44% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
KNSL Max Drawdown-28%-23%-27%-35%-29%-30% 
Peers Max Drawdown-13%-21%-22%-9%-15%-20% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: HIG, FNF, OIG, CB, PGR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/6/2026 (YTD)

How Low Can It Go

EventKNSLS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-13.7%-9.5%
  % Gain to Breakeven15.8%10.5%
  Time to Breakeven36 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-18.2%-24.5%
  % Gain to Breakeven22.2%32.4%
  Time to Breakeven50 days427 days
2020 COVID-19 Crash
  % Loss-33.9%-33.7%
  % Gain to Breakeven51.4%50.9%
  Time to Breakeven50 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-18.6%-19.2%
  % Gain to Breakeven22.9%23.8%
  Time to Breakeven60 days105 days

Compare to HIG, FNF, OIG, CB, PGR

In The Past

Kinsale Capital's stock fell -5.3% during the 2025 US Tariff Shock. Such a loss loss requires a 5.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventKNSLS&P 500
2020 COVID-19 Crash
  % Loss-33.9%-33.7%
  % Gain to Breakeven51.4%50.9%
  Time to Breakeven50 days140 days

Compare to HIG, FNF, OIG, CB, PGR

In The Past

Kinsale Capital's stock fell -5.3% during the 2025 US Tariff Shock. Such a loss loss requires a 5.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Kinsale Capital (KNSL)

Kinsale Capital Group, Inc. (KNSL) is a specialty insurance company that provides property and casualty insurance products across the United States. The company focuses on the commercial lines segment, serving a diverse array of businesses with tailored insurance solutions designed to address specific industry risks.

Kinsale's extensive product portfolio includes coverage for construction, small business operations, and various forms of excess and general casualty. It also offers specialized commercial property insurance, alongside policies for sectors such as allied health, life sciences, energy, environmental, and healthcare. Furthermore, Kinsale provides crucial liability coverages, including product, professional, and management liability insurance, helping businesses mitigate complex operational and legal risks.

The company markets and sells its insurance products throughout all 50 U.S. states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Kinsale primarily reaches its commercial customers through a robust network of independent insurance brokers, ensuring broad access to its specialized underwriting expertise for a wide range of business clients.

AI Analysis | Feedback

Here are 1-3 brief analogies for Kinsale Capital (KNSL):

  1. Kinsale Capital is like **Chubb or Travelers, but exclusively focused on insuring complex, specialized, and harder-to-place commercial risks** that mainstream insurers often decline.
  2. Think of Kinsale Capital as **the Etsy of commercial insurance**, providing specialized coverage for unique, often unusual business risks that aren't typically found with mainstream providers.

AI Analysis | Feedback

Kinsale Capital Group (KNSL) provides various specialty insurance products and services, primarily categorized as commercial lines offerings:

  • Construction Insurance: Insurance tailored to cover risks associated with the construction industry.
  • Small Business Insurance: Coverage designed to protect small and medium-sized businesses from various operational risks.
  • Excess and General Casualty Insurance: Provides coverage for liability risks beyond the limits of primary policies.
  • Commercial Property Insurance: Protects commercial buildings and their contents from damage or loss.
  • Allied Health Insurance: Insurance products for healthcare professionals and organizations outside traditional medical practices.
  • Life Sciences Insurance: Coverage for companies operating in the biotechnology, pharmaceutical, and medical device sectors.
  • Energy Insurance: Insurance solutions specifically designed for businesses within the energy industry.
  • Environmental Insurance: Covers liabilities and costs related to environmental pollution and contamination.
  • Health Care Insurance: Insurance for healthcare facilities, providers, and related services.
  • Inland Marine Insurance: Covers specialized property risks, often for goods in transit, unique equipment, or items of high value.
  • Public Entity Insurance: Provides insurance coverage for governmental bodies and public organizations.
  • Commercial Insurance: General insurance coverage for businesses to protect against various commercial risks.
  • Product Liability Insurance: Protects manufacturers and distributors from claims arising from defective products.
  • Professional Liability Insurance: Covers professionals for claims of negligence or errors in their professional services.
  • Management Liability Insurance: Protects company directors and officers from claims related to their management decisions and actions.

AI Analysis | Feedback

Kinsale Capital Group, Inc. (symbol: KNSL) is a specialty insurance company that underwrites and sells property and casualty insurance products. As described, Kinsale Capital markets and sells its insurance products primarily through a network of independent insurance brokers across various U.S. states and territories.

Therefore, Kinsale Capital's direct customers are these independent insurance brokers. These brokers act as intermediaries, connecting Kinsale's insurance products with the end policyholders (businesses or individuals seeking insurance coverage).

Due to the nature of its business model, which involves leveraging a broad network of independent brokers rather than relying on a few dominant ones, Kinsale Capital does not typically identify or disclose specific major broker companies by name or ticker symbol in its public filings. The company's distribution strategy relies on a diversified network of partners, and thus, no individual broker typically accounts for a significant enough portion of its revenue to be identified as a "major customer."

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Michael P. Kehoe Chairman of the Board, President, and Chief Executive Officer
Michael P. Kehoe founded Kinsale Capital Group in June 2009, also serving as its President and Chief Executive Officer. Before establishing Kinsale, he was the President and Chief Executive Officer of James River Insurance Company from 2002 to 2008. Prior to that, he held various senior positions at Colony Insurance Company from 1994 to 2002, concluding his tenure there as Vice President of Brokerage Underwriting. Bryan P. Petrucelli Executive Vice President, Chief Financial Officer and Treasurer
Bryan P. Petrucelli has served as Kinsale Capital Group's Executive Vice President, Chief Financial Officer, and Treasurer since March 2020. He joined the company in 2009 as its Vice President of Finance. Before joining Kinsale, Mr. Petrucelli was a Senior Manager in Ernst & Young's audit practice, where he gained over 13 years of experience serving clients in the insurance industry. Brian D. Haney Senior Advisor (formerly President and Chief Operating Officer)
Brian D. Haney served as President and Chief Operating Officer of Kinsale Capital Group from March 2024 until his retirement from that role in March 2026, at which point he became a Senior Advisor to the company and a Director. He initially joined Kinsale in 2009 as Chief Actuary. Prior to Kinsale, he was the Chief Actuary of James River Insurance Company from 2002 to 2009, and before that, Chief Actuary of Colony Insurance Company from 1997 to 2002. He also held a position as a business manager at Capital One Financial Corporation. Diane D. Schnupp Executive Vice President and Chief Information Officer
Diane D. Schnupp has served as Kinsale Capital Group's Executive Vice President and Chief Information Officer since March 2021, having joined the company in May 2019 as Senior Vice President and Chief Information Officer. Her previous roles include Principal Consultant at Impact Makers, Inc., a management and technology consulting firm, from 2016 to 2019. From 2012 to 2016, she was Chief Information Officer and Vice President of Capital Center, LLC. Ms. Schnupp also held various roles at Genworth Financial, Inc. from 2008 to 2012, including Director, Marketing Automation. Stuart P. Winston Executive Vice President and Chief Underwriting Officer
Stuart P. Winston has served as Kinsale Capital Group's Executive Vice President and Chief Underwriting Officer since October 2025. He joined Kinsale in 2010 and held roles of increasing responsibility, being promoted to Senior Vice President, Underwriting in 2022. Before joining Kinsale, Mr. Winston held various underwriting positions at James River Insurance Company.

AI Analysis | Feedback

Here are the key risks to Kinsale Capital (KNSL):

  1. Increased Competition and Pricing Pressure: Kinsale Capital faces significant competitive headwinds within the Excess and Surplus (E&S) market, leading to aggressive pricing strategies from rivals, including large carriers and Managing General Agents (MGAs). This intensifying competition has resulted in rate softening, particularly in commercial property lines, which can compress Kinsale's premium growth and challenge its ability to maintain strong underwriting margins and historical growth rates.
  2. Dependence on Independent Brokers: A substantial portion of Kinsale Capital's gross written premiums is distributed through a concentrated network of independent insurance brokers. For instance, in 2024, 62.3% of its gross written premiums were distributed through just five brokers, with three accounting for nearly half. This reliance creates a concentration risk, as the termination of a relationship with one or more significant brokers could materially and adversely affect Kinsale's premium acquisition, results of operations, or business prospects.
  3. Casualty Loss-Cost Inflation and Underwriting Accuracy: As a specialty insurance company focusing on complex and unusual risks in the E&S market, Kinsale's financial performance is highly dependent on its ability to accurately underwrite risks and charge competitive yet profitable rates. Factors such as casualty loss-cost inflation can challenge this ability. If Kinsale is unable to accurately estimate and price its policies before all underlying costs are known, it could adversely affect its business, financial condition, and results of operations.

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Kinsale Capital Group, Inc. (KNSL), a specialty insurance company, provides various property and casualty insurance products in the United States. The addressable markets for their main products and services in the U.S. or North America are as follows:

  • Excess and General Casualty Insurance: The U.S. surplus lines insurance market, which includes excess and general casualty, was valued at just under $130 billion in 2024. Another report indicated U.S. excess and surplus lines (E&S) direct premiums written reached nearly $100 billion ($98.2 billion) in 2024. The U.S. surplus lines insurance market is projected to reach $125.9 billion by 2027.
  • Commercial Property Insurance: The commercial property insurance market in North America generated the highest revenue in 2022. The global commercial property insurance market size reached USD 332.1 billion in 2025 and is expected to reach USD 711.4 billion by 2034. The commercial property insurance market was valued at $254.93 billion in 2022 and is estimated to reach $724 billion by 2032.
  • Professional and Management Liability Insurance: The North American professional liability insurance market, where the United States accounts for more than 11 million active policies, leads the global market. The global professional liability insurance market size is estimated at USD 42,815.2 million in 2024, with North America holding over 40% of the global revenue, or USD 17,126.08 million, in 2024. The global professional liability insurance market size is estimated at USD 51,415.71 million in 2026 and expected to rise to USD 69,227.13 million by 2035.
  • Construction Insurance: The U.S. market for construction insurance was valued at USD 13.9 billion in 2024. The U.S. accounts for over 35% of the global market share in construction insurance. The global construction project insurance market size grew from $7.91 billion in 2024 to $8.38 billion in 2025.
  • Small Business Insurance: The small and medium-sized business (SMB) commercial insurance market in the U.S. is approximately $110 billion. The global SME insurance market size was valued at USD 417.2 billion in 2023. The SME Insurance Market Size (global) was estimated at USD 28.64 billion in 2024 and is projected to grow to USD 57.27 billion by 2035.
  • Environmental Insurance: The environmental insurance market is estimated to be more than $3 billion in premium annually (as of Q1 2021). The global Environmental Liability Insurance Market size was valued at USD 5.18 billion in 2024, with North America leading the sector, valued at USD 2.2 billion in 2024.
  • Health Care (Medical Professional Liability Insurance): The U.S. medical professional liability insurance market reached USD 6.4 billion in 2024. The global market was valued at USD 16.4 billion in 2024. North America accounts for approximately 60% of the global market share for medical professional liability insurance.
  • Inland Marine Insurance: Direct premiums written in the U.S. inland marine sector were $34.68 billion in 2024. The global inland marine insurance market size was valued at USD 12.6 billion in 2024 and is projected to reach USD 21.33 billion by 2032. North America is expected to hold a significant share in the Inland Marine Insurance market, estimated to be around 35-40%.
  • Energy Insurance: In 2024, the global energy insurance market covered insured assets exceeding $4.2 trillion. North America leads energy insurance uptake, supporting 95% of insured oil assets and 88% of wind farms globally. The global Energy and Power Insurance Market size was valued at USD 5.26 million in 2025 and is poised to grow to USD 8.72 million by 2035.

AI Analysis | Feedback

Kinsale Capital (KNSL) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market dynamics:

  1. Continued Growth in the Excess and Surplus (E&S) Market: Kinsale Capital is well-positioned to continue expanding its market share in the E&S insurance sector. This growth is supported by steady market conditions and the company's competitive advantages stemming from its disciplined underwriting and low-cost business model. New business submissions, excluding the commercial property division, saw a 9% rise in Q4 2025.
  2. Increased Reinsurance Retention: The company has demonstrated a strategy of increasing its reinsurance retention levels, which directly translates to a higher proportion of gross written premiums being converted into net written premiums. For instance, net written premiums grew by 7.1% in Q4 2025, outpacing the 1.8% growth in gross written premiums, due to increased retention from reinsurance program renewals.
  3. Robust Net Investment Income Growth: Kinsale Capital consistently generates significant revenue from its investment portfolio. Net investment income increased by 24.9% in Q4 2025 and 27.9% for the full year 2025, driven by the expansion of its investment portfolio and strong operating cash flows.
  4. Expansion of Product Offerings and Operational Efficiency through AI: The company continues to expand its product offerings, including specific areas like home insurance. Furthermore, Kinsale Capital is integrating AI into its operations, providing all employees access to enterprise AI licenses, which is expected to contribute to operational efficiency and competitive positioning.

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Share Repurchases

  • In December 2025, Kinsale Capital's Board of Directors authorized a new share repurchase program of up to $250 million. This authorization followed the completion of a previously announced $100 million share repurchase program.
  • During the fourth quarter of 2025, the company repurchased 119,752 shares of its common stock for a total cost of $50.0 million, which exhausted the initial $100 million share repurchase authorization.
  • Annual share repurchases for 2024 were reported at $10 million.

Capital Expenditures

  • Kinsale Capital invested $10.6 million in capital expenditures in the fourth quarter of 2025, primarily for funding long-term assets and infrastructure.

Peer Outperformance in Property & Casualty Insurance

KNSL has outperformed 61% of its 41 Property & Casualty Insurance peers over 5Y. Property & Casualty Insurance ranks 6th of 18 industries in Financials by median 5Y return.
Share of Property & Casualty Insurance constituents that KNSL has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
22%
of 46 industry peers · -3.4% return
3Y
7%
of 42 industry peers · 7.9% return
5Y
61%
of 41 industry peers · 91.3% return
No Property & Casualty Insurance peer with a comparable growth profile has beaten KNSL by more than 20pp over 5Y.
Median price return by industry across the Financials sector, ranked by 5Y. Property & Casualty Insurance is KNSL's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Reinsurance 6 29.4%72.7%116.0% SPNT 167% · RGA 156% · RNR 127%
Diversified Banks 12 28.4%141.2%88.0% CM 145% · RY 127% · JPM 124%
Investment Banking & Brokerage 13 -6.7%89.5%85.6% IBKR 323% · SNEX 156% · GS 139%
Multi-Sector Holdings 4 8.8%60.0%80.0% BRK-B 98% · VOYA 62% · JEF 34%
Life & Health Insurance 20 9.7%57.7%76.6% JXN 500% · UNM 240% · FG 211%
Property & Casualty Insurance ← 42 13.8%73.5%66.7% TRV 174% · ACGL 165% · PGR 164%
Multi-line Insurance 9 5.4%70.7%56.0% AIZ 107% · GNW 101% · L 92%
Regional Banks 267 29.4%92.4%46.2% CBC 272% · FCNCA 172% · NIC 137%
Insurance Brokers 15 2.2%10.0%29.6% LIFE 297% · ARX 89% · WTW 51%
Financial Exchanges & Data 15 16.6%31.2%15.9% CBOE 182% · VIRT 132% · CME 71%
Asset Management & Custody Banks 85 -6.7%20.9%12.8% VCTR 233% · WT 209% · AAMI 204%
Consumer Finance 30 2.5%85.0%7.2% ENVA 337% · FCFS 129% · ECPG 90%
Commercial & Residential Mortgage Finance 14 -43.9%29.5%2.6% FNMA 348% · FMCC 305% · ACT 151%
Diversified Financial Services 4 -6.2%22.5%-0.8% FRHC 150% · EQH 71%
Specialized Finance 3 25.4%33.0%-20.4% CACC -20% · HASI -21%
Transaction & Payment Processing Services 17 23.6%10.4%-29.1% V 99% · MA 92% · CPAY 84%
Mortgage REITs 35 -20.5%-10.7%-38.7% RITM 34% · DX 16% · AGNC 10%
Diversified Capital Markets 20 -47.8%-4.9%-69.5% LPLA 81% · TW 37% · RIOT -54%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

KNSLHIGFNFOIGCBPGRMedian
NameKinsale .Hartford.Fidelity.Orion180.Chubb Progress. 
Mkt Price383.57134.0643.288.97365.10227.85180.95
Mkt Cap8.636.211.5-140.8132.436.2
Rev LTM1,95329,36414,552-62,15791,69929,364
Op Inc LTM-------
FCF LTM9736,9165,544-17,80815,2246,916
FCF 3Y Avg9656,0696,218-15,31115,5216,218
CFO LTM9966,9935,673-17,80815,6626,993
CFO 3Y Avg9956,2146,358-15,31115,8656,358

Growth & Margins

KNSLHIGFNFOIGCBPGRMedian
NameKinsale .Hartford.Fidelity.Orion180.Chubb Progress. 
Rev Chg LTM8.3%8.2%6.1%-5.5%7.7%7.7%
Rev Chg 3Y Avg20.9%7.2%11.1%-8.9%16.2%11.1%
Rev Chg Q-8.6%3.0%-11.0%--0.1%3.0%-0.1%
QoQ Delta Rev Chg LTM-2.1%0.7%-2.9%--0.0%0.7%-0.0%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM51.0%23.8%39.0%-28.7%17.1%28.7%
CFO/Rev 3Y Avg57.1%22.6%46.3%-26.1%19.2%26.1%
FCF/Rev LTM49.8%23.6%38.1%-28.7%16.6%28.7%
FCF/Rev 3Y Avg55.4%22.0%45.3%-26.1%18.8%26.1%

Valuation

KNSLHIGFNFOIGCBPGRMedian
NameKinsale .Hartford.Fidelity.Orion180.Chubb Progress. 
Mkt Cap8.636.211.5-140.8132.436.2
P/S4.41.20.8-2.31.41.4
P/Op Inc-------
P/EBIT12.96.44.1-9.68.88.8
P/E16.47.911.0-12.511.411.4
P/CFO8.75.22.0-7.98.57.9
Total Yield6.3%14.5%13.8%-9.1%14.9%13.8%
Dividend Yield0.2%1.8%4.8%-1.1%6.2%1.8%
FCF Yield 3Y Avg10.7%17.5%44.3%-12.9%11.3%12.9%
D/E0.00.10.4-0.10.10.1
Net D/E-0.3-0.5-2.2--0.2-0.0-0.3

Returns

KNSLHIGFNFOIGCBPGRMedian
NameKinsale .Hartford.Fidelity.Orion180.Chubb Progress. 
1M Rtn13.8%3.8%11.5%1.5%7.0%4.8%5.9%
3M Rtn2.7%-6.0%-12.7%8,969,900.0%4.5%5.9%3.6%
6M Rtn26.0%2.5%-12.5%8,969,900.0%14.9%17.6%16.2%
12M Rtn-3.4%5.4%-17.9%8,969,900.0%28.5%11.7%8.6%
3Y Rtn7.9%93.0%15.3%∞%73.5%55.4%55.4%
1M Excs Rtn17.9%8.5%13.8%4.3%11.2%9.2%10.2%
3M Excs Rtn9.0%0.2%-3.9%8,969,904.9%10.0%11.4%9.5%
6M Excs Rtn26.3%2.8%-12.2%8,969,900.3%15.2%17.9%16.5%
12M Excs Rtn-11.1%-2.1%-23.5%8,969,891.5%21.9%7.6%2.7%
3Y Excs Rtn-61.7%17.5%-48.4%∞%-1.7%-18.0%-18.0%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Excess and Surplus Lines Insurance1,8741,5881,224839653
Total1,8741,5881,224839653


Net Income by Segment
$ Mil2025202420232022
Excess and Surplus Lines Insurance504415308159
Total504415308159


Price Behavior

Price Behavior
Market Price$383.73 
Market Cap ($ Bil)8.6 
First Trading Date07/28/2016 
Distance from 52W High-7.1% 
   50 Days200 Days
DMA Price$358.54$350.57
DMA Trenddowndown
Distance from DMA7.0%9.5%
 3M1YR
Volatility31.8%34.7%
Downside Capture4.32-35.08
Upside Capture30.46-34.36
Correlation (S&P 500)-5.6%-9.0%
KNSL Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta-0.60-0.020.00-0.71-0.260.37
Up Beta-5.27-1.13-0.12-0.680.300.69
Down Beta-1.64-1.51-1.08-1.34-0.430.27
Up Capture122%53%36%-20%-22%5%
Bmk +ve Days12182862130427
Stock +ve Days15223468130403
Down Capture-83%67%27%-103%-57%40%
Bmk -ve Days10253664121325
Stock -ve Days7213058121349

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with KNSL
KNSL-2.5%34.7%-0.03-
Sector ETF (XLF)10.0%15.3%0.4131.6%
Equity (SPY)9.5%13.6%0.40-9.9%
Gold (GLD)1.6%28.7%0.05-3.5%
Commodities (DBC)38.4%21.2%1.42-12.5%
Real Estate (VNQ)11.3%14.2%0.5130.7%
Bitcoin (BTCUSD)-27.2%43.6%-0.61-6.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with KNSL
KNSL15.7%38.5%0.47-
Sector ETF (XLF)9.0%18.4%0.3539.4%
Equity (SPY)11.3%17.3%0.4827.6%
Gold (GLD)17.5%19.1%0.74-0.8%
Commodities (DBC)8.1%19.6%0.30-1.2%
Real Estate (VNQ)1.3%18.9%-0.0432.2%
Bitcoin (BTCUSD)4.0%51.6%0.2612.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with KNSL
KNSL33.1%38.4%0.86-
Sector ETF (XLF)13.2%22.1%0.5441.9%
Equity (SPY)15.0%18.0%0.7039.1%
Gold (GLD)11.9%16.5%0.591.7%
Commodities (DBC)7.5%18.1%0.337.2%
Real Estate (VNQ)5.9%20.7%0.2438.6%
Bitcoin (BTCUSD)60.0%66.3%1.0013.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity2.2 Mil
Short Interest: % Change Since 9302026-3.9%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest10.1 days
Basic Shares Quantity22.5 Mil
Short % of Basic Shares10.0%

Earnings Returns History

Updated 11/1/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/22/2026-6.7%-7.1% 
7/23/20265.1%7.1%15.4%
4/23/2026-0.8%-7.0%-10.8%
2/12/2026-7.4%-6.9%-10.5%
10/23/2025-6.8%-12.1%-15.1%
7/24/20250.2%-7.5%-4.4%
4/24/2025-16.3%-15.0%-7.6%
2/13/2025-7.8%-12.0%-6.2%
...
SUMMARY STATS   
# Positive1099
# Negative141514
Median Positive9.6%9.4%15.4%
Median Negative-6.0%-7.5%-8.2%
Max Positive17.5%23.3%28.9%
Max Negative-19.6%-19.2%-15.1%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/22/2026-6.7%-7.1% 
7/23/20265.1%7.1%15.4%
4/23/2026-0.8%-7.0%-10.8%
2/12/2026-7.4%-6.9%-10.5%
10/23/2025-6.8%-12.1%-15.1%
7/24/20250.2%-7.5%-4.4%
4/24/2025-16.3%-15.0%-7.6%
2/13/2025-7.8%-12.0%-6.2%
10/24/2024-5.3%-6.6%8.8%
7/25/202417.5%18.6%28.9%
4/25/2024-17.3%-17.7%-13.5%
2/15/202415.4%16.1%17.9%
10/26/2023-19.6%-19.2%-13.1%
7/27/2023-0.5%-0.5%1.2%
4/27/2023-3.0%-4.5%-8.8%
2/16/202314.5%8.4%-0.5%
10/27/202215.2%17.3%12.9%
7/28/20223.0%4.0%11.0%
4/28/2022-4.0%-9.0%-4.6%
2/17/20225.6%9.4%17.9%
10/28/202113.5%23.3%25.8%
7/29/2021-1.9%1.0%-0.8%
4/29/20210.7%-2.4%-3.6%
2/18/2021-5.1%-11.0%-10.1%
SUMMARY STATS   
# Positive1099
# Negative141514
Median Positive9.6%9.4%15.4%
Median Negative-6.0%-7.5%-8.2%
Max Positive17.5%23.3%28.9%
Max Negative-19.6%-19.2%-15.1%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202610/22/202610-Q
06/30/202607/23/202610-Q
03/31/202604/23/202610-Q
12/31/202502/20/202610-K
09/30/202510/23/202510-Q
06/30/202507/24/202510-Q
03/31/202504/24/202510-Q
12/31/202402/21/202510-K
09/30/202410/24/202410-Q
06/30/202407/25/202410-Q
03/31/202404/25/202410-Q
12/31/202302/23/202410-K
09/30/202310/26/202310-Q
06/30/202307/27/202310-Q
03/31/202304/27/202310-Q
12/31/202202/24/202310-K
Collapse to Preview
Report DateFiling DateFiling
09/30/202610/22/202610-Q
06/30/202607/23/202610-Q
03/31/202604/23/202610-Q
12/31/202502/20/202610-K
09/30/202510/23/202510-Q
06/30/202507/24/202510-Q
03/31/202504/24/202510-Q
12/31/202402/21/202510-K
09/30/202410/24/202410-Q
06/30/202407/25/202410-Q
03/31/202404/25/202410-Q
12/31/202302/23/202410-K
09/30/202310/26/202310-Q
06/30/202307/27/202310-Q
03/31/202304/27/202310-Q
12/31/202202/24/202310-K
09/30/202210/27/202210-Q
06/30/202207/28/202210-Q
03/31/202204/28/202210-Q
12/31/202102/25/202210-K
09/30/202110/28/202110-Q
06/30/202107/29/202110-Q
03/31/202104/29/202110-Q
12/31/202002/25/202110-K
09/30/202010/29/202010-Q
06/30/202007/30/202010-Q
03/31/202004/30/202010-Q
12/31/201903/02/202010-K

Insider Activity

Updated 6/9/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Tangard, Christopher RSVP, Chief Accounting OfficerHeld in Spouse's IRABuy6092026304.00330100,320115,520Form
2Allibhai, Salmaan KChief Analytics & Tech OfficerDirectSell5272026311.1725077,7921,134,215Form
3Kehoe, Michael PChairman President and CEODirectSell5062026302.6622,5766,832,83893,233,620Form
4Petrucelli, Bryan PEVP, CFO and TreasurerDirectSell3022026378.355,1001,929,58523,807,295Form
5Hatcher, Robert V Iii DirectSell3022026379.6815056,952796,189Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Tangard, Christopher RSVP, Chief Accounting OfficerHeld in Spouse's IRABuy6092026304.00330100,320115,520Form
2Allibhai, Salmaan KChief Analytics & Tech OfficerDirectSell5272026311.1725077,7921,134,215Form
3Kehoe, Michael PChairman President and CEODirectSell5062026302.6622,5766,832,83893,233,620Form
4Petrucelli, Bryan PEVP, CFO and TreasurerDirectSell3022026378.355,1001,929,58523,807,295Form
5Hatcher, Robert V Iii DirectSell3022026379.6815056,952796,189Form
6Russell, Frederick L JR DirectSell3022026379.504,0001,518,000174,570Form
7Russell, Frederick L JR DirectSell2252026374.17801299,710172,118Form
8Share, Gregory M Ambina Capital Partners, LLCBuy12172025391.952,000783,89512,542,318Form
9Share, Gregory M As trustee of The Gregory Share Revocable Trust dated November 22, 2016Buy12172025391.95675264,565264,565Form
10Kehoe, Michael PChairman and CEODirectSell8272025452.155,0002,260,764137,021,726Form
11Schnupp, Diane DEVP, Chief Information OfficerDirectSell6092025472.001,398659,8563,136,912Form

Investor Activity (13F)

Updated Nov 9, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Turtle Creek Asset Management Inc.$140.5 Mil5.3%39ADD +47.6%13F
Maren Capital LLC$92.3 Mil4.8%19ADD +15.1%13F
Doma Perpetual Capital Management LLC$17.1 Mil4.6%11TRIM -10.7%13F
Prime Capital Management Co Ltd$39.5 Mil4.4%7Hold13F
Spyglass Capital Management LLC$46.8 Mil3.3%25TRIM -30.5%13F
Timucuan Asset Management Inc/Fl$61.9 Mil2.3%28New13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Timucuan Asset Management Inc/Fl$61.9 Mil2.3%28New13F
Turtle Creek Asset Management Inc.$140.5 Mil5.3%39ADD +47.6%13F
Maren Capital LLC$92.3 Mil4.8%19ADD +15.1%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Spyglass Capital Management LLC$46.8 Mil3.3%25TRIM -30.5%13F
Doma Perpetual Capital Management LLC$17.1 Mil4.6%11TRIM -10.7%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Turtle Creek Asset Management Inc.$140.5 Mil5.3%39ADD +47.6%13F
Maren Capital LLC$92.3 Mil4.8%19ADD +15.1%13F
Timucuan Asset Management Inc/Fl$61.9 Mil2.3%28New13F
Spyglass Capital Management LLC$46.8 Mil3.3%25TRIM -30.5%13F
Prime Capital Management Co Ltd$39.5 Mil4.4%7Hold13F
Doma Perpetual Capital Management LLC$17.1 Mil4.6%11TRIM -10.7%13F
Core Cache Last Updated: 11/8/2026