Add as a preferred source on GoogleKinsale Maintains $100 Million Quarterly Buyback Run Rate and 20%+ ROE Target
The insurer is emphasizing disciplined underwriting and smaller accounts as commercial property competition and softer excess and surplus pricing pressure premium growth.
Kinsale Capital Group, Inc. is maintaining a $100 million quarterly share repurchase run rate and a 20%+ return on equity target as excess and surplus insurance pricing softens.
Competition in commercial property and softer E&S conditions are pressuring premium growth. Kinsale is emphasizing underwriting discipline and smaller accounts while avoiding business that does not meet its economic standards.
The company is prioritizing buybacks over mergers and acquisitions under its current authorization. Its technology and artificial intelligence investments aim to lower expenses, improve quoting speed and throughput, and support its ability to win and process business.
Kinsale’s GAAP expense ratio is 22%.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.