Ian losses drive Kinsale CoR up 7.9 points to 83.6% in Q3
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Ian losses drive Kinsale CoR up 7.9 points to 83.6% in Q3

kinsale logo richmond VA with mike kehoe.jpg

Specialty carrier Kinsale’s combined ratio jumped 7.9 points in Q3 to 83.6%, driven largely by losses related to Hurricane Ian, but tempered by a 44% increase in gross written premiums to $284mn.

Adjusted diluted earnings per share fell 3.1% to $1.64 per share, but still beat analysts’ estimates of $1.18 per share by 39%, causing the stock – already the most highly rated in the sector – to soar by 12%.


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