https://ir.kinsalecapitalgroup.com/news/news-details/2024/Kinsale-Capital-Group-Inc.-Reports-2023-Fourth-Quarter-and-Year-End-Results/default.aspxHighlights for the fourth quarter of 2023 included:
Net income increased by 53.7% compared to the fourth quarter of 2022
Net operating earnings(1) of $90.3 million increased by 49.6% compared to the fourth quarter of 2022
Gross written premiums increased by 33.8% to $395.2 million compared to the fourth quarter of 2022
Net investment income increased by 71.2% to $30.4 million compared to the fourth quarter of 2022
Underwriting income(2) was $84.8 million in the fourth quarter of 2023, resulting in a combined ratio(5) of 72.1%
Highlights for the full year of 2023 included:
Net income increased by 93.6% compared to the full year of 2022
Net operating earnings(1) of $291.4 million increased by 61.6% compared to the full year of 2022
Gross written premiums increased by 42.3% to $1.6 billion compared to the full year of 2022
Net investment income increased by 99.6% to $102.3 million compared to the full year of 2022
Underwriting income(2) was $270.4 million for the year ended December 31, 2023, resulting in a combined(5) ratio of 75.4%
Operating return on equity(7) was 31.8% for the year ended December 31, 2023
