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Kinsale Capital Group (Kinsale Capital Group) Financial Strength : 6 (As of Mar. 2024)


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What is Kinsale Capital Group Financial Strength?

Kinsale Capital Group has the Financial Strength Rank of 6.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Kinsale Capital Group's Interest Coverage for the quarter that ended in Mar. 2024 was 48.84. Kinsale Capital Group's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.12. Altman Z-Score does not apply to banks and insurance companies.


Kinsale Capital Group Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Kinsale Capital Group's Interest Expense for the months ended in Mar. 2024 was $-2 Mil. Its Operating Income for the months ended in Mar. 2024 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $184 Mil.

Kinsale Capital Group's Interest Coverage for the quarter that ended in Mar. 2024 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Kinsale Capital Group's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 183.915) / 1491.164
=0.12

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Kinsale Capital Group  (NYSE:KNSL) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Kinsale Capital Group has the Financial Strength Rank of 6.


Kinsale Capital Group Financial Strength Related Terms

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Kinsale Capital Group (Kinsale Capital Group) Business Description

Traded in Other Exchanges
Address
2035 Maywill Street, Suite 100, Richmond, VA, USA, 23230
Kinsale Capital Group Inc is an insurance holding company. The company is engaged in offering property, casualty, and specialty insurance products. It offers specialty insurance products for allied health, healthcare, life sciences, a professional, and a public entity. The company operates in only one reportable segment that is the Excess and Surplus Lines Insurance segment, which includes commercial excess and surplus lines liability and property insurance products through its underwriting divisions. The company generates revenues in the form of premiums and investment income.
Executives
Russell Frederick L. Jr. director 1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Brian D. Haney officer: SVP and COO C/O KINSALE CAPITAL GROUP, INC., 2035 MAYWILL STREET, SUITE 100, RICHMOND VA 23230
Michael P Kehoe director, officer: CEO and President JAMES RIVER GROUP, INC., 1414 RALEIGH ROAD, SUITE 415, CHAPEL HILL NC 27517
Hatcher Robert V. Iii director C/O KINSALE CAPITAL GROUP, INC., 2035 MAYWILL STREET, SUITE 100, RICHMOND VA 23230
Steven J Bensinger director 125 BROAD ST, NEW YORK NY 10004
Anne C. Kronenberg director C/O KINSALE CAPITAL GROUP, INC., 2035 MAYWILL STREET, SUITE 100, RICHMOND VA 23230
Bryan P. Petrucelli officer: SVP, CFO and Treasurer C/O KINSALE CAPITAL GROUP, INC., 2035 MAYWILL STREET, SUITE 100, RICHMOND VA 23230
Robert Iii Lippincott director, other: Chairman 3152 CASSEEKEY ISLAND ROAD, JUPITER FL 33477
James Joseph Ritchie director C/O CERES GROUP INC, 17800 ROYALTON ROAD, STRONGSVILLE OH 44136
Teresa Chia director C/O KINSALE CAPITAL GROUP, INC., 2035 MAYWILL STREET, SUITE 100, RICHMOND VA 23230
Diane D. Schnupp officer: SVP, Chief Information Officer C/O KINSALE CAPITAL GROUP, INC., 2035 MAYWILL STREET, SUITE 100, RICHMOND VA 23230
Gregory M Share director THREE FIRST NATIONAL PLZ, SUITE 3800, CHICAGO IL 60602
Mark J. Beachy officer: EVP and Chief Claims Officer C/O KINSALE CAPITAL GROUP, INC., 2035 MAYWILL STREET, SUITE 100, RICHMOND VA 23230
Ann Marie Marson officer: SVP and Chief Claims Officer C/O KINSALE CAPITAL GROUP, INC., 2221 EDWARD HOLLAND DRIVE, SUITE 600, RICHMOND VA 23230
Kenney William J. Jr. officer: SVP/Chief Information Officer C/O KINSALE CAPITAL GROUP, INC., 2221 EDWARD HOLLAND DRIVE, SUITE 600, RICHMOND VA 23230