Kinsale Capital Group, Inc. has reported a net income of $175.9 million for the second quarter of 2026, up 31% from $134.1 million in the same period a year prior.
Net income included after-tax catastrophe losses of $4.2 million, compared with $2.9 million in Q2’25.
Gross written premiums decreased by 5% to $527.6 million from $555.5 million, while net written premiums declined 1.4% to $452.5 million from $458.7 million.
Net earned premiums stood at $417.6 million, representing an 8.9% increase from $383.6 million.
Underwriting income totalled $105.4 million, up 10.5% from $95.5 million, resulting in an improved combined ratio of 75.5%, compared with 75.8% in Q2’25.
Kinsale said the increase in underwriting income was largely due to growth in net earned premiums and more favourable development of loss reserves from prior accident years, partially offset by lower ceding commissions as a result of increased retention on the company’s reinsurance treaties.
The loss ratio improved to 53.8% from 55.1%, while the expense ratio rose slightly to 21.7% from 20.7%.
Net investment income increased by 19.9% to $55.7 million from $46.5 million, driven by growth in Kinsale’s investment portfolio, largely resulting from the investment of strong operating cash flows.
“We delivered another quarter of exceptional financial results,” said Michael P. Kehoe, Chairman, President and Chief Executive Officer of Kinsale Capital Group. “Our business continues to generate consistent and growing underwriting profits and investment income. We are generating significant operating cash flows resulting in excess capital and are pleased to report an additional share repurchase authorisation of $250 million. Our focus remains on delivering sustainable long-term value creation for stockholders as we execute our strategy of disciplined underwriting and technology-enabled low costs.”
