KNSL - If You Invested $1000 in Kinsale Capital Stock During Its IPO in 2016 This Is How Much You Would Have Today
2023-04-22 08:25:00 ET
When you think of growth stocks, insurance companies aren't generally the first thing that comes to mind. Insurance tends to be a steady industry with modest growth and good cash flows. However, Kinsale Capital (NYSE: KNSL) has bucked the trend and achieved impressive growth since its initial public offering (IPO) in 2016.
The specialty insurance company has leveraged its expertise and technology to ride favorable trends in the industry, achieving industry-beating profitability in the process. Investors who got in on the ground floor have seen the value of their shares explode. Read on to discover how much $1,000 invested in the specialty insurer is worth today.
Kinsale Capital writes insurance policies covering things that traditional insurers won't cover. It is known as a specialty insurer and operates in a segment of the insurance market called excess & surplus (E&S). E&S insurance is a niche market within the larger property & casualty insurance space. What makes this business appealing is it doesn't face the same stringent regulations as traditional insurers.
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If You Invested $1,000 in Kinsale Capital Stock During Its IPO in 2016, This Is How Much You Would Have Today