Great write-up! I am looking into this company myself, but I currently own a different insurer. Not sure if you invest outside of the U.S., but you might want to take a look at Protector Forsikring. It is a Norwegian based insurance company that also operates in the UK, France, Sweden, Denmark and Finland. They reported a combined ratio of 85.9% in Q1 25 and for FY24 they had a combined ratio of 91.2%. Their 3-year revenue growth CAGR is 26.7% and their 10-year is at 19.4%. Kinsale's ROIC 5-year avg is 8.4% and ROE 5-year avg is 28.2%, Protector has a ROIC 5-year avg of 17.9% and their ROE 5-year avg is 38.6%. Currently, I think Protector looks cheaper, but Kinsale grows quite a bit faster. I think both companies are great, and would love to hear your thoughts on how you compare them!
Great write-up! I am looking into this company myself, but I currently own a different insurer. Not sure if you invest outside of the U.S., but you might want to take a look at Protector Forsikring. It is a Norwegian based insurance company that also operates in the UK, France, Sweden, Denmark and Finland. They reported a combined ratio of 85.9% in Q1 25 and for FY24 they had a combined ratio of 91.2%. Their 3-year revenue growth CAGR is 26.7% and their 10-year is at 19.4%. Kinsale's ROIC 5-year avg is 8.4% and ROE 5-year avg is 28.2%, Protector has a ROIC 5-year avg of 17.9% and their ROE 5-year avg is 38.6%. Currently, I think Protector looks cheaper, but Kinsale grows quite a bit faster. I think both companies are great, and would love to hear your thoughts on how you compare them!
Thank you for the comment! Interesting, Im gonna have to take a look at the business myself. Maybe I can write an article on it.
Great article, Felix. It’s definitely one of the best companies on the market.
Thank you, Jimmy! Really appreciate you checking out the article!
Nice article!! Informative.
Thank you, Alex!