Kinsale Capital Group, Inc. (KNSL) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

of this conference call is being recorded. Before we get started, let me remind everyone that through the course of the teleconference, Kinsale's management may make comments that reflect their intentions, beliefs, and expectations for the future. As always, these forward-looking statements are subject to certain risk factors, which could cause actual results to differ materially. These risk factors are listed in the company's various SEC filings, including the 2024 annual report on Form 10-K, which should be reviewed carefully. The company has furnished a Form 8-K with the Securities and Exchange Commission that contains the press release announcing its second quarter results. Kinsale's management may also reference certain non-GAAP financial measures in the call today. A reconciliation of GAAP to these measures can be found in the press release, which is available at the company's website at www.kinsalecapitalgroup.com. I will now turn the conference over to Kinsale's chairman and CEO, Mr. Michael Kehoe. Please go ahead, sir. Thank you, operator, and good morning, everyone. Brian Petrucelli, our CFO, and Brian Haney, our president and COO, are both joining me on the call this morning. In the second quarter, 2025, Kinsale's operating earnings per share increased by 27.5%. and gross written premium grew by 4.9% over the second quarter of 2024. For the quarter, the company posted a combined ratio of 75.8% and a six-month operating return on equity of 24.7%. Our book value per share increased by 16% since the year end 2024. In both hard markets and soft, Can sales differentiated strategy and execution allow us to drive both profit and growth? We focus on small E&S accounts. We maintain absolute control over our underwriting. We provide exceptional customer service and ...