Kinsale Capital Group, Inc. reported net income of $175.9 million in the second quarter of 2026, an increase of 31% from $134.1 million in the same period a year earlier.
Net income included an after-tax catastrophe loss of $4.2 million, compared with $2.9 million in the second quarter of 2025.
Gross written premiums decreased 5%, from $555.5 million to $527.6 million, and net written premiums decreased 1.4%, from $458.7 million to $452.5 million.
Net premiums earned were US$417.6 million, an increase of 8.9% from US$383.6 million.
Underwriting revenue totaled $105.4 million, up 10.5% from $95.5 million, and the combined ratio improved to 75.5% compared with 75.8% in the second quarter of 2025.
Kinsale said the increase in underwriting revenue was primarily due to an increase in net premiums earned and more favorable development of loss reserves in prior accident years, partially offset by lower cession commissions resulting from an increase in the company’s reinsurance treaty retention.
The loss ratio improved from 55.1% to 53.8%, and the expense ratio increased slightly from 20.7% to 21.7%.
Net investment income increased 19.9% to $55.7 million from $46.5 million, driven primarily by growth in Kinsale’s investment portfolio, driven by strong operating cash flow investments.
“We delivered another quarter of outstanding financial results,” said Michael P. Kehoe, chairman, president and chief executive officer of Kinsale Capital Group. “Our business continues to generate consistently growing underwriting profits and investment income. We are generating significant operating cash flow, resulting in excess capital, and are pleased to announce $250 million in additional share repurchase authorization. Our focus remains on creating sustainable long-term value for shareholders while executing on a disciplined underwriting and technology-driven low-cost strategy.”
