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Kinsale Capital Group, Inc. KNSL

Financial ServicesInsurance - Property & CasualtyNYSE📅 Scored March 7, 2026
Price at analysis: $329.80
Crucible Score
74.8
B+
Quality × Value Composite
KQI — Quality
71.9
B
Fundamental Quality Index
KVI — Value
78.3
B+
Valuation Attractiveness Index
Crucible Verdict — KNSL

Kinsale Capital Group (KNSL) presents a compelling specialty insurance play with exceptional execution metrics—a 92% earnings beat rate and strong insider buying under CEO Michael Colby's decade-long tenure. The stock trades at a meaningful 20% discount to fair value despite robust 86 growth scores, though limited diversification remains a structural concern. KNSL offers attractive risk-adjusted returns for investors comfortable with specialty insurance concentration.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality
74.3
Growth Profile⚠
86.0
Moat Durability⚠
73.7
Management Effectiveness
72.3
Diversification & Resilience
31.0
Market Position
62.0
Weakest dimension: Diversification & Resilience (31.0)

◆ KVI Value Dimensions

DCF Margin of Safety
66.5
FCF Yield & Cash Returns
78.1
Relative Valuation
82.0
Growth-Adjusted Value
86.3
Historical Valuation
94.5
Macro Context
83.2

◆ DCF Valuation Scenarios

Bear Case
$248.50
Base Case
$395.00
Bull Case
$575.00
Price at Analysis
$329.80
ScenarioFair ValueRev CAGR (5yr)Terminal MarginWACC
🔴 Bear$248.508.0%30.0%9.8%
🟢 Base$395.0012.0%33.0%9.3%
🟢 Bull$575.0015.0%36.0%8.8%
Key Assumptions: KNSL has demonstrated exceptional revenue growth (~30% CAGR over 5 years) and expanding operating margins from 23% to 34%, driven by E&S market tailwinds and disciplined underwriting. Base case assumes growth moderates to 12% as the E&S cycle matures with margins stabilizing around 33%; bear case reflects potential competitive pressures and catastrophe losses compressing margins to 30% with 8% growth; bull case assumes continued market share gains in specialty lines with 15% growth and margin expansion to 36%. FCF conversion remains very high given the asset-light insurance model with minimal capex needs.

◆ Financial Snapshot

Profitability

Gross Margin46.0%
Operating Margin33.8%
Net Margin26.9%
ROIC8.2%
ROE19.2%

Balance Sheet

Balance SheetCR: 0.35
Cash ConversionFCF/EPS: 1.97x
Capital IntensityCapex/Rev: 2.9%
Altman Z-Score2.46 (Grey)
Piotroski F-Score7/9 (Good)

Growth

Revenue CAGR30.1% CAGR
Earnings CAGR34.8% CAGR
Growth ConsistencyCV: 0.30
Segment BreadthNo data
Quarterly TrendRev→+19%, Margin↑
Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Analyst Price Targets

Avg Target (Last Quarter)$433.00
Analysts Covering (Quarter)1
Avg Target (Last Year)$433.00
Analysts (Year)1

Leadership & Governance

CEOMichael P. Colby · 10 years
CEO Ownership5.5%
Compensation81% performance-based
Insider ActivityStrong Buying
Capital AllocationROIC 8.2% vs WACC 3.7%
Earnings Beat Rate92% (19/22)

◆ Company Profile

Kinsale Capital Group, Inc. , a specialty insurance company, provides property and casualty insurance products in the United States.

CEO
Bryan Paul Petrucelli
Employees
660
Headquarters
Richmond, VA, US
IPO Date
July 28, 2016
Exchange
NYSE

◆ Related Companies in Our Universe

Other Financial Services companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+
MethodologyAll ScoresCrucible BriefsPerformance@KaladinCI

Analysis conducted March 7, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.

© 2026 Kaladin Capital Intelligence — Conviction Through Scrutiny