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Kinsale Capital Group’s 5.25% New-Money Yield Adds Another Earnings Tailwind!

Kinsale Capital Group Inc. reported its second quarter 2026 results amid a challenging and competitive excess and surplus (E&S) insurance market. The company’s diluted operating earnings per share rose 15.9% year-over-year to $5.54, while net income increased by 31.1%, reflecting continued profitability. The annualized operating return on equity was 24.4%. Despite a 5% decline in gross written premium and a 1.4% decrease in net written premium, net earned premium grew by 8.9%, attributed partly to the timing effect as 60% of commercial property premiums were written in the first half of last year, easing year-over-year comparisons going forward. The combined ratio stood at a strong 75.5%, aided by favorable prior year loss reserve development of 4.5 points, although catastrophe losses accounted for 1.3 points, slightly higher than the previous year.