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KNSL - Kinsale Q4: Shares Are Still A Buy Even After A 46% Rise Year To Date
Kinsale Capital Group Inc.
2024-02-20 11:15:05 ET
Summary
Kinsale Capital Group reported a beat on net premiums and EPS in its Q4 2023 results, leading to a meteoric rise in the company's share price.
The company specializes in excess & surplus insurance, covering high-risk or unusual cases, and continues to put up strong growth in net premiums year after year.
Despite shares up 46% year to date, the company's exceptional growth rates, future outlook, high returns on equity, and conservative balance sheet justify the current valuation.