Kinsale Capital Group Leads P&C Insurers in Q2 Earnings Beats

Earnings

โดย Yahoo Finance·

Summary · why it matters

Kinsale Capital Group reported second-quarter revenues of $548.5 million, up 16.8% year on year and 14.9% above analyst expectations, making it the biggest estimate beat among the 32 property and casualty insurance stocks tracked. The group as a whole beat revenue consensus by 2.3% and guided next quarter 0.9% above estimates, with share prices holding steady on average. Essent Group posted revenues of $362.7 million, up 13.6% and 9.7% above expectations, while Radian Group's revenues of $580.7 million, up 90.8%, were in line but accompanied by a significant EPS miss. NMI Holdings and Selective Insurance Group also reported beats, with revenues of $187.9 million and $1.39 billion respectively.