Kinsale Maintains $100 Million Quarterly Buyback Run Rate and 20%+ ROE Target
Photo: TokenPost
Kinsale Capital Group, Inc. is maintaining a $100 million quarterly share repurchase run rate and a 20%+ return on equity target as excess and surplus insurance pricing softens. Competition in commercial property and softer E&S conditions are pressuring premium growth. Kinsale is emphasizing underwriting discipline and smaller accounts while avoiding business that does not meet its economic standards. The company is prioritizing buybacks over mergers and acquisitions under its current authorization. Its technology and artificial intelligence investments aim to lower expenses, improve quoting speed and throughput, and support its ability to win and process business.
Source: TokenPost
