Kinsale Capital Group is leveraging its focus on small and mid-sized accounts to support growth in the excess and surplus market, where pricing has started to soften. In the second quarter of 2026, more than half of Kinsale's divisions recorded double-digit submission growth, and activity in accounts with premiums of $25,000 or less continued to expand. The company launched nine new products or product enhancements in the first half of 2026 to capture opportunities across different E&S classes. Kinsale's second-quarter combined ratio was 75.5%, supporting strong underwriting profitability despite the challenging pricing environment. The softer E&S market remains a risk to premium growth, but the company's small-account focus and disciplined underwriting should help protect margins. Among peers, RLI Corp. is taking a selective approach, while W.R. Berkley is using its decentralized underwriting model to walk away from risks when pricing does not provide adequate returns. Kinsale's shares have declined 18.3% in a year against the industry's 1.6% growth, and the stock is trading at a price-to-book value multiple of 4.19, higher than the industry average of 1.43. The Zacks Consensus Estimate for Kinsale's 2026 earnings per share indicates a year-over-year increase of 8.2%, with revenues pegged at $1.98 billion, implying a 5.5% improvement.
Kinsale Capital Group IncSmall-account focus drives double-digit submission growth and new product launches.
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