Kinsale Capital Intrinsic Value – KINSALE CAPITAL Reports FY2023 Q2 Earnings Results as of June 30, 2023
July 30, 2023
🌥️Earnings Overview
On July 27th, 2023, KINSALE CAPITAL ($NYSE:KNSL) released their financial results for Q2 of FY2023, ending June 30th, 2023. Their total revenue was USD 295.8 million, a 65.3% increase compared to the same period the previous year. Moreover, their reported net income was USD 72.8 million, representing a 168.7% year-over-year growth.
Market Price
On Thursday, KINSALE CAPITAL released its fiscal year 2023 second quarter earnings report for the period ending June 30, 2023. The company’s stock opened at $386.8 and closed at $378.6, representing a 1.7% decline from its closing price of 385.2 the previous day. KINSALE CAPITAL’s management expressed optimism for the future, noting that the company’s investments in technology and risk management had been instrumental in driving its strong performance despite the market uncertainty caused by the pandemic. As such, the company is confident in meeting its long-term goals and delivering continued returns to its shareholders and stakeholders going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kinsale Capital. More…
| Total Revenues | Net Income | Net Margin |
| 1.01k | 228.82 | 22.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kinsale Capital. More…
| Operations | Investing | Financing |
| 702.74 | -883.09 | 184.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kinsale Capital. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.27k | 2.4k | 37.64 |
Key Ratios Snapshot
Some of the financial key ratios for Kinsale Capital are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 39.8% | – | 28.9% |
| FCF Margin | ROE | ROA |
| 68.7% | 21.6% | 5.6% |
Analysis – Kinsale Capital Intrinsic Value
At GoodWhale, we analyzed KINSALE CAPITAL‘s financials to provide an accurate valuation of its share. Our proprietary Valuation Line calculated the fair value of KINSALE CAPITAL’s share to be around $337.9. However, KINSALE CAPITAL’s stock is currently traded at $378.6, a price that is overvalued by 12.0%. More…
Peers
The company has a strong presence in the US market and is one of the leading providers of insurance and reinsurance products in the world. The company has a strong competition with ProAssurance Corp, National Security Group Inc, United Fire Group Inc.
– ProAssurance Corp ($NYSE:PRA)
ProAssurance Corporation is a holding company for five property and casualty insurance companies. The Company provides professional liability insurance for healthcare professionals and facilities, lawyers, architects, accountants and other business professionals, and also offers workers’ compensation insurance and product liability insurance. ProAssurance has offices in Alabama, Arizona, Colorado, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, Ohio, Oklahoma, Pennsylvania, Tennessee and Texas.
– National Security Group Inc ($NASDAQ:UFCS)
United Fire Group, Inc., through its subsidiaries, engages in the business of writing property and casualty insurance, and providing services related to the insurance business in the United States. The company operates in two segments, Property and Casualty Insurance, and Reinsurance. The Property and Casualty Insurance segment offers a range of insurance products, including commercial multi-peril, workers’ compensation, commercial automobile, and homeowners insurance products; and specialty insurance products, such as surety, inland marine, farmowners, and other lines. This segment also provides loss control and risk management services. The Reinsurance segment comprises the operations of United Fire & Casualty Company’s domestic and international reinsurance subsidiaries. United Fire Group, Inc. was founded in 1834 and is headquartered in Cedar Rapids, Iowa.
Summary
KINSALE CAPITAL reported strong financial results for Q2 FY2023. Total revenue rose 65.3% YoY to USD 295.8 million, whereas net income surged 168.7% to USD 72.8 million. These figures indicate that KINSALE CAPITAL has performed well and is well-positioned to reward its investors.
Investors should consider the company’s potential for growth and its ability to achieve sustained profitability before investing in KINSALE CAPITAL. Furthermore, investors should also monitor the company’s financial performance on a quarterly basis to ensure that they are making the right decision.
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