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US excess & surplus lines insurer covering hard-to-place small and mid-size commercial risks other insurers decline.
US excess & surplus lines insurer covering hard-to-place small and mid-size commercial risks other insurers decline.
Writes policies mostly for small accounts through wholesale brokers who place risks for retail agents, earning underwriting profit (premiums less claims and expenses) plus investment income on the premium pool. Focus on small policies that others find too small, with proprietary software, keeps costs low.
In one line: A fast-growing specialist like a small-cap Markel focused on E&S.
Moat: narrow (process know-how, cost advantage, technology). In-house technology and a low expense ratio let it underwrite niche risk faster and cheaper than peers.
Headquarters: Richmond, Virginia, US · Founded: 2009 · Employees: 720
Size Kinsale Capital (KNSL) is a United States Financials company (Multi-Line Insurance) with a market value of $8.64B, the 849th largest of 3,117 United States companies the cockpit tracks. Shares closed at $383.73 on 6 Nov 2026.
Performance Over six months the shares gained 25.9%, against +5.4% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 8.3% over the last twelve months (peer median +6.9%); the operating margin is 34.3% (peer median 14.1%).
Valuation It trades at 4.70× book value against a peer median of 1.25× (most expensive of 21).
Price implies The share price implies a return on equity of about 30.6%; Kinsale Capital delivers 27.8%, so the price asks more than the business earns today.
Short interest Short interest is 10.0% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.95B | $1.87B | $1.59B | $1.22B | $820M |
| Revenue growth | — | +18% | +30% | +49% | — |
| Net income | $525M | $504M | $415M | $308M | $159M |
| Free cash flow | $973M | $990M | $952M | $853M | $551M |
| Capital expenditure | $23.2M | $53.7M | $23.9M | $6.61M | $6.90M |
| Total debt | $225M | $224M | $184M | $184M | $196M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Kinsale Capital KNSL | $8.64B | +26% | +8% | 28% | 4.70× | 30.6% |
| W. R. Berkley WRB | $27.9B | +16% | +1% | 19% | 2.91× | 12.8% |
| Markel MKL | $23.7B | +7% | -1% | 10% | 1.28× | 9.2% |
| RLI RLI | $6.27B | +39% | +6% | 22% | 3.70× | 15.4% |
| Axis Capital AXS | $7.60B | +7% | +10% | 16% | 1.33× | 8.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | KNSL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.0% | +1.6% | 2nd highest of 21 |
| 6-month return | +25.9% | +5.4% | 2nd highest of 21 |
| Return on equity | 27.8% | 14.6% | 2nd highest of 21 |
| Price / book | 4.70× | 1.25× | most expensive of 21 |
| Trailing P/E | 16.7× | 10.1× | 4th most expensive of 21 |
| ROE the price implies | 30.6% | 8.1% | 2nd most demanding of 21 |
| ROE delivered | 27.8% | 14.4% | 2nd highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Kinsale Capital KNSL | United States | $8.64B | +26% | +8% | 28% | 4.70× | 30.6% | 27.8% |
| China Taiping Insurance 0966.HK | Hong Kong | $8.28B | -24% | +19% | 36% | 0.63× | 8.1% | 36.2% |
| Hiscox HSX.L | United Kingdom | $8.08B | +18% | +4% | 17% | 2.06× | 15.1% | 16.6% |
| Lincoln National LNC | United States | $7.67B | +12% | +12% | 23% | 0.74× | 8.6% | 22.6% |
| Axis Capital AXS | United States | $7.60B | +7% | +10% | 16% | 1.33× | 8.1% | 16.0% |
| Great Eastern G07.SI | Singapore | $7.47B | +21% | +27% | 15% | 1.73× | 11.4% | 14.8% |
| Db Insurance 005830.KS | South Korea | $6.90B | +2% | -14% | 17% | 0.85× | 5.1% | 17.0% |
| China Reinsurance (Group) 1508.HK | Hong Kong | $6.64B | -5% | +11% | 10% | 0.40× | 5.5% | 9.7% |
| Aditya Birla Capital ABCAPITAL.NS | India | $11.5B | +8% | +24% | 12% | 2.56× | 41.9% | 12.1% |
| Enact ACT | United States | $6.38B | +5% | +2% | 13% | 1.19× | 7.9% | 12.9% |
| RLI RLI | United States | $6.27B | +39% | +6% | 22% | 3.70× | 15.4% | 22.1% |
| Globe Life GL | United States | $12.1B | +4% | +6% | 21% | 2.08× | 11.7% | n/a |
| Unum UNM | United States | $12.2B | -5% | -5% | 3% | 1.52× | 8.1% | 2.6% |
| Sony Financial 8729.T | Japan | $6.06B | +1% | -10% | 14% | 1.08× | 5.1% | 14.4% |
| Aegon AGN.AS | Netherlands | $12.7B | +4% | +16% | 10% | 1.25× | 8.2% | 10.5% |
| CNA Financial CNA | United States | $12.8B | +9% | +2% | 10% | 1.25× | 7.2% | 9.6% |
| FWD 1828.HK | Hong Kong | $5.54B | +7% | +24% | 4% | 0.92× | 7.3% | 4.1% |
| Sunshine Insurance 6963.HK | Hong Kong | $5.35B | 0% | +8% | 14% | 0.66× | 5.4% | 13.7% |
| White Mountains Insurance WTM | United States | $5.35B | +5% | +21% | 22% | 0.99× | 6.3% | 21.9% |
| Mapfre MAP.MC | Spain | $14.1B | -2% | +5% | 12% | 1.26× | 8.4% | 12.4% |
| CNO Financial CNO | United States | $5.09B | +20% | +2% | 17% | 2.19× | 16.0% | 16.9% |