Kinsale
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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
With no catastrophe losses, premium growth and favorable development lifted Kinsale operating income to $1.76 per share, well ahead of Street expectations.
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Low-teens rate increases are expected to continue for the company as submissions improve.
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Kinsale Capital Group reported a leap in Q3 net operating income, boosted by rate increases, lower catastrophe costs and favorable development.
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COO Brian Haney pushed back on the notion that rate hikes had hit their peak and said he expected rising inflation to "prolong the hard market".
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Kinsale posts a combined ratio of 79% in Q2 despite massive GWP growth.
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A combination of profitable underwriting and improved investment returns helped the carrier perform strongly in Q1.
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