Kinsale Capital Group (KNSL) To Report Earnings Tomorrow: Here Is What To Expect

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Specialty insurance provider Kinsale Capital Group (NYSE: KNSL) will be reporting results this Thursday afternoon. Here’s what to expect.

Kinsale Capital Group beat analysts’ revenue expectations last quarter, reporting revenues of $548.5 million, up 16.8% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ net premiums earned estimates but a miss of analysts’ book value per share estimates.

Is Kinsale Capital Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Kinsale Capital Group’s revenue to decline 4.2% year on year, a reversal from the 19% increase it recorded in the same quarter last year.

Kinsale Capital Group Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Kinsale Capital Group has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Kinsale Capital Group’s peers in the property & casualty insurance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. RLI delivered year-on-year revenue growth of 5.4%, beating analysts’ expectations by 0.6%, and Travelers reported flat revenue, topping estimates by 0.7%. RLI traded up 2.5% following the results while Travelers’s stock price was unchanged.

Read our full analysis of RLI’s results here and Travelers’s results here.

There has been positive sentiment among investors in the property & casualty insurance segment, with share prices up 2.3% on average over the last month. Kinsale Capital Group is up 3.8% during the same time and is heading into earnings with an average analyst price target of $346.22 (compared to the current share price of $371.85).

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