Kinsale Capital Reaping The Benefits Of Excellence Of Execution

Summary

• Kinsale posted exceptional results in the fourth quarter, including 36% premium growth on low-teens rate growth and a near-doubling of underwriting income.
• Kinsale continues to take share by leveraging its strong IT systems to deliver fast turnarounds and accurately-priced risk in a market where many participants are having issues with their reserves.
• Low-to-mid-teens growth isn't a conservative assumption, but Kinsale has shown it has what it takes to win in the large E&S space, and these shares do look somewhat attractive here.

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It’s early and hyperbolic to proclaim Kinsale Capital (NYSE:KNSL) the best there is or will be in excess & surplus underwriting, but clearly management has figured out a winning formula, as Kinsale has managed to grow premiums

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.