Advertisement
Australia markets close in 6 hours 5 minutes
  • ALL ORDS

    8,132.10
    +49.80 (+0.62%)
     
  • ASX 200

    7,863.70
    +49.30 (+0.63%)
     
  • AUD/USD

    0.6674
    +0.0003 (+0.05%)
     
  • OIL

    79.65
    -0.15 (-0.19%)
     
  • GOLD

    2,430.30
    -8.20 (-0.34%)
     
  • Bitcoin AUD

    106,921.99
    +7,651.05 (+7.71%)
     
  • CMC Crypto 200

    1,516.18
    +161.76 (+11.95%)
     
  • AUD/EUR

    0.6145
    +0.0007 (+0.11%)
     
  • AUD/NZD

    1.0924
    +0.0006 (+0.06%)
     
  • NZX 50

    11,701.60
    -34.11 (-0.29%)
     
  • NASDAQ

    18,674.19
    +127.96 (+0.69%)
     
  • FTSE

    8,424.20
    +3.94 (+0.05%)
     
  • Dow Jones

    39,806.77
    -196.82 (-0.49%)
     
  • DAX

    18,768.96
    +64.54 (+0.35%)
     
  • Hang Seng

    19,636.22
    +82.61 (+0.42%)
     
  • NIKKEI 225

    39,069.68
    +282.30 (+0.73%)
     

Kinsale Capital Group First Quarter 2024 Earnings: Beats Expectations

Kinsale Capital Group (NYSE:KNSL) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$372.8m (up 42% from 1Q 2023).

  • Net income: US$98.9m (up 77% from 1Q 2023).

  • Profit margin: 27% (up from 21% in 1Q 2023). The increase in margin was driven by higher revenue.

  • EPS: US$4.28 (up from US$2.43 in 1Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kinsale Capital Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Insurance industry in the US.

ADVERTISEMENT

Performance of the American Insurance industry.

The company's shares are down 17% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Kinsale Capital Group you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.