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Kinsale Capital Group (KNSL) Reports Q3 Earnings: What Key Metrics Have to Say
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Kinsale Capital Group, Inc. (KNSL - Free Report) reported $418.06 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 33%. EPS of $4.20 for the same period compares to $3.31 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $401.22 million, representing a surprise of +4.20%. The company delivered an EPS surprise of +13.51%, with the consensus EPS estimate being $3.70.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Kinsale Capital Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Expense Ratio: 19.6% versus the six-analyst average estimate of 20.9%.
Combined Ratio: 75.7% compared to the 79% average estimate based on six analysts.
Loss Ratio: 56.1% compared to the 58.1% average estimate based on six analysts.
Revenues- Net Earned Premiums: $348.75 million versus $353.62 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +23.9% change.
Revenues- Net investment income: $39.64 million versus the six-analyst average estimate of $38.08 million. The reported number represents a year-over-year change of +46.4%.
Revenues- Other income: $0.52 million versus $0.52 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +52.4% change.
Revenues- Fee Income: $8.49 million versus the four-analyst average estimate of $7.96 million.
Revenues- Change in the fair value of equity securities: $20.66 million versus the two-analyst average estimate of $9.52 million.
Shares of Kinsale Capital Group have returned +2.1% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Kinsale Capital Group (KNSL) Reports Q3 Earnings: What Key Metrics Have to Say
Kinsale Capital Group, Inc. (KNSL - Free Report) reported $418.06 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 33%. EPS of $4.20 for the same period compares to $3.31 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $401.22 million, representing a surprise of +4.20%. The company delivered an EPS surprise of +13.51%, with the consensus EPS estimate being $3.70.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Kinsale Capital Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Expense Ratio: 19.6% versus the six-analyst average estimate of 20.9%.
- Combined Ratio: 75.7% compared to the 79% average estimate based on six analysts.
- Loss Ratio: 56.1% compared to the 58.1% average estimate based on six analysts.
- Revenues- Net Earned Premiums: $348.75 million versus $353.62 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +23.9% change.
- Revenues- Net investment income: $39.64 million versus the six-analyst average estimate of $38.08 million. The reported number represents a year-over-year change of +46.4%.
- Revenues- Other income: $0.52 million versus $0.52 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +52.4% change.
- Revenues- Fee Income: $8.49 million versus the four-analyst average estimate of $7.96 million.
- Revenues- Change in the fair value of equity securities: $20.66 million versus the two-analyst average estimate of $9.52 million.
View all Key Company Metrics for Kinsale Capital Group here>>>Shares of Kinsale Capital Group have returned +2.1% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.