Kinsale Capital Group Expands Investment in Complex Insurance Solutions

Kinsale Capital Group, renowned for its expertise in complex commercial insurance solutions, operates across the United States via a brokerage-based distribution model. Recent filings with the U.S. Securities and Exchange Commission (SEC) indicate that Jacobson & Schmitt Advisors, LLC expanded its investment in Kinsale Capital Group (KNSL) by acquiring 6,661 shares during the fourth quarter. This transaction, valued at approximately $2.72 million based on the quarterly average share price, underscores trust in Kinsale's solid underwriting and risk management strategies.

By the end of December, Jacobson & Schmitt's stake had grown to $16.78 million, marking a $1.37 million increase from the previous quarter due to additional shares and market price shifts. The investment now accounts for 2.82% of the fund's reported assets under management according to their latest 13F filing. Kinsale's niche in hard-to-place risks, along with its robust underwriting practices, enables it to thrive despite broader market fluctuations, supporting its growth objectives in the property and casualty insurance sector.

Financially, Kinsale reported a 24% year-over-year net income increase, reaching $141.6 million, or $6.09 per diluted share. Underwriting income stood at $105.7 million, while gross written premiums climbed by 8.4% to $486.3 million. The company also executed a $20 million share repurchase, emphasizing its commitment to enhancing shareholder value. Although Kinsale underperformed the S&P 500 over the past year, its strong return on equity and consistent capital generation make it an attractive option for investors looking beyond immediate market performance. This strategic focus ensures Kinsale remains a competitive carrier in the evolving insurance industry landscape.