Kinsale Capital Q1 net income falls to $89.2 million; operating EPS rises 6.0%
Kinsale Capital Group reported first-quarter 2025 net income of $89.2 million, or $3.83 per diluted share, down from $98.9 million, or $4.24, a year earlier. Net operating earnings, a non-GAAP measure that excludes investment fair-value changes and gains, rose to $3.71 per diluted share from $3.50, while gross written premiums grew 7.9% to $484.3 million, though the company cited about $17.8 million in after-tax catastrophe losses, mainly from the Palisades Fire.
Key points
- Net income $89.2 million, $3.83 per diluted share, versus $98.9 million, $4.24 in Q1 2024
- Diluted operating earnings per share $3.71, up 6.0% from $3.50
- Gross written premiums rose 7.9% to $484.3 million; Commercial Property Division fell 18.4%
- Combined ratio 82.1% versus 79.5%; after-tax catastrophe losses $17.8 million
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 24, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.