CluenexKinsale Capital Group KNSL
Kinsale Capital Group scores excellent on business quality (8.9 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Kinsale Capital Group does
Kinsale Capital Group underwrites excess and surplus lines insurance, targeting hard-to-place risks for niche commercial and personal clients who pay specialized premiums. Brokers rely on its proprietary technology platform for rapid quote generation, bypassing traditional legacy bottlenecks.
- What it does best
Kinsale excels at extreme underwriting discipline, posting an operating margin of 33.8% that towers over peers like American Financial Group at 14.6%. This edge stems from proprietary IT systems built in-house, letting it profitably price fragmented risks that competitors reject.
- The main risk
The primary threat stems from pricing pressure in the excess and surplus insurance market if new entrants crowd into profitable niches, forcing a choice between ceding volume or accepting inferior underwriting margins.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin stands at 33.8% and free cash flow margin is exceptionally high, pushing return on equity to 29.1%. This business scales efficiently, squeezing more profit from every dollar of revenue.
Proprietary software locks in commercial brokers through unmatched quote speed, driving an operating margin in the sector's top quartile. Competitors cannot easily replicate this tech stack within years.
Revenue growth hit 17.6% over the latest period, fueled by strong expansion in specialized commercial property lines. This builds on a multi-year surge from $442 million in 2020.
Debt-to-equity sits at a modest 0.1 with interest coverage at 53.8x, making debt costs negligible. Free cash flow reached $990 million, getting stronger as operations scale.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on KNSL
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Kinsale Capital Group scores excellent on the Cluenex quality check (8.9 of 10), measured against its own industry. Profitability is strong, moat strong, growth fast and financial health strong.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Oct 22, 2026, after the close.
See KNSL today
- Today's verdict on KNSL, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Kinsale Capital Group (KNSL)”, https://cluenex.com/stocks/knsl/, data as of Oct 10, 2026.