Who Owns Kinsale Capital Group Company?

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Who Owns Kinsale Capital Group?

Understanding Kinsale Capital Group's ownership is key to grasping its strategic direction. Founded in 2009, this specialty insurer focuses on the U.S. excess and surplus lines market.

Who Owns Kinsale Capital Group Company?

Kinsale Capital Group's ownership is a mix of institutional investors, public shareholders, and insiders. This structure influences its market performance and strategic decisions.

As of July 28, 2025, the market value of shares held by non-affiliates was approximately $7.79 billion. The company's strong financial performance, with 2024 revenues of $1.43 billion and net income of $414.8 million, reflects its market position. Investors often analyze ownership to understand potential influences on strategies, such as those detailed in a Kinsale Capital Group BCG Matrix.

Who Founded Kinsale Capital Group?

Kinsale Capital Group, Inc. was founded in 2009, with Michael P. Kehoe playing a pivotal role as a founding team member and currently serving as the Chief Executive Officer. Kehoe brought extensive experience from the insurance sector, having held significant positions at Colony Insurance Company and serving as President and CEO of James River Insurance Company prior to establishing Kinsale.

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Founding Leadership

Michael P. Kehoe is a key figure in the establishment of Kinsale Capital Group and serves as its CEO. His prior experience includes leadership roles at Colony Insurance Company and James River Insurance Company.

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Early Ownership Culture

The company fosters an 'owner-operator' culture, encouraging leadership and employees to invest personal capital. This strategy aims to closely align employee incentives with overall shareholder interests.

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Initial Public Offering

Kinsale Capital Group became a publicly traded entity on July 28, 2016, through an Initial Public Offering (IPO). The IPO price was set at $16.00 per share.

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IPO Share Offering

During the IPO, the company offered 5,000,000 shares of common stock. Additionally, selling stockholders offered 1,600,000 shares, with underwriters holding an option for an additional 990,000 shares from these selling stockholders.

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Capital and Visibility

The IPO served to provide essential capital for the company's expansion initiatives. It also significantly enhanced Kinsale Capital Group's public profile and market visibility.

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Founder's Background

Michael P. Kehoe's extensive background in the insurance industry, including his tenure as President and CEO of James River Insurance Company, provided a strong foundation for establishing Kinsale Capital Group.

While precise details regarding the initial capital raised, specific funding sources, or the exact equity distribution among the founders at Kinsale's inception are not extensively publicized, the company's operational philosophy emphasizes an 'owner-operator' model. This approach encourages a significant personal investment from employees, particularly within the leadership team, into the business. This strategy is designed to create a strong alignment between the incentives of employees and the interests of the company's shareholders, fostering a shared commitment to long-term success. Understanding this foundational aspect is key to grasping the Mission, Vision & Core Values of Kinsale Capital Group.

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Key Ownership Aspects

The ownership structure of Kinsale Capital Group is significantly influenced by its founding and subsequent public offering. The company's emphasis on an 'owner-operator' culture suggests a strong internal stake among management.

  • Kinsale Capital Group was established in 2009.
  • Michael P. Kehoe is identified as a founder and the current CEO.
  • The company went public on July 28, 2016, with an IPO price of $16.00 per share.
  • An 'owner-operator' culture is a core tenet, encouraging employee investment.

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How Has Kinsale Capital Group’s Ownership Changed Over Time?

Kinsale Capital Group's ownership landscape has transformed considerably since its initial public offering in July 2016. The company's journey reflects a growing appeal to institutional investors, evidenced by significant holdings and strategic acquisitions of its stock.

Institutional Owner Shares Held (as of Q1 2025) Value (USD, as of Q1 2025) Change in Stake (Q1 2025)
BlackRock, Inc.
Vanguard Group Inc
Bamco Inc /ny/
BGRFX - BARON GROWTH FUND
State Street Corp
IJH - iShares Core S&P Mid-Cap ETF
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares
Morgan Stanley
Geode Capital Management, Llc
NAESX - Vanguard Small-Cap Index Fund Investor Shares
Allianz Asset Management GmbH 2,950 $1,436,000 68.6%
Key Financial Inc 54 $26,000 315.4%
NBC Securities Inc. ~$35,000 New Position
von Borstel & Associates Inc. ~$42,000 New Position

As of the first quarter of 2025, institutional investors are significant holders of Kinsale Capital Group stock, with a total of 1,081 entities filing with the SEC and collectively owning 27,195,894 shares. This represents a substantial 85.36% of the company's stock. The company's outstanding common stock reached 23,277,395 shares by the end of 2024. Kinsale Capital Group's financial strategy has included public offerings to fuel its expansion, such as the November 2022 offering that generated $47.5 million. These developments underscore the increasing interest from major investment firms in Kinsale Capital Group ownership.

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Key Stakeholder Activity in Q1 2025

Several institutional investors made notable adjustments to their holdings in Kinsale Capital Group during the first quarter of 2025, indicating active portfolio management and confidence in the company's trajectory.

  • Allianz Asset Management GmbH significantly boosted its stake by 68.6%.
  • Key Financial Inc demonstrated aggressive growth in its position, increasing by 315.4%.
  • NBC Securities Inc. and von Borstel & Associates Inc. established new positions, signaling emerging interest.
  • The collective holdings of institutional investors account for 85.36% of the company's stock.
  • Kinsale Capital Group's latest SEC filings as of March 31, 2025, showed 36 total holdings with a portfolio value of $406,512,262 USD.

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Who Sits on Kinsale Capital Group’s Board?

Kinsale Capital Group, Inc. operates under a standard voting structure where each common stock share grants one vote on all matters presented to stockholders, including director elections. The company does not permit cumulative voting for directors, meaning directors are elected by a majority of votes cast, or a plurality in contested elections. The Board of Directors is tasked with guiding the company's strategic path and overseeing its daily operations.

Director Name Role Term End
Michael P. Kehoe Chairman and CEO 2025
[Director Name 2] Director 2025
[Director Name 3] Director 2025
[Director Name 4] Director 2025
[Director Name 5] Director 2025
[Director Name 6] Director 2025
[Director Name 7] Director 2025
[Director Name 8] Director 2025
[Director Name 9] Director 2025

As of the proxy statement filed on March 28, 2025, for the annual meeting held on May 23, 2024, nine directors were elected to serve until the 2025 annual meeting. Michael P. Kehoe transitioned to Chairman and CEO in March 2024, underscoring his continued leadership. The executive compensation strategy, including equity awards, is designed to align management's interests with those of Kinsale Capital Group shareholders, with a significant emphasis placed on underwriting profit as a key performance indicator. Understanding the Target Market of Kinsale Capital Group can provide context for the strategic decisions made by the board.

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Director Election and Shareholder Influence

Kinsale Capital Group's board structure emphasizes a one-share, one-vote principle for director elections. This means that the voting power is directly tied to the number of shares held by Kinsale Capital Group investors.

  • Each share of common stock carries one vote.
  • Directors are elected by a majority of votes cast.
  • Cumulative voting is not permitted for director elections.
  • The board composition is reviewed annually by shareholders.
  • Executive compensation is linked to shareholder value and underwriting profit.

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What Recent Changes Have Shaped Kinsale Capital Group’s Ownership Landscape?

Recent financial performance has shaped Kinsale Capital Group's ownership trends over the past few years. The company's strong results, including significant increases in net income and gross written premiums, indicate a healthy financial standing that typically attracts and retains investors.

Period Net Income Gross Written Premiums Book Value Per Share
2024 $414.8 million (34.6% increase from 2023) $1.42 billion (28.9% increase) N/A
Q1 2025 $89.2 million $484.3 million (7.9% increase from Q1 2024) $67.92 (as of March 31, 2025)

Kinsale Capital Group has been actively managing its capital structure through share repurchases. These buyback programs, such as the $100 million authorization in October 2024 and subsequent repurchases in early 2025, demonstrate management's confidence in the company's valuation and aim to enhance shareholder value. The company also continues to return capital to shareholders through regular dividends, with an increase announced for March 2025.

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In Q1 2025, Kinsale repurchased 23,348 shares for $10.0 million. This activity is part of a broader strategy to return capital to shareholders.

Icon Dividend Policy

The company maintained quarterly dividends of $0.15 per share throughout 2024. An increase to $0.17 per share was announced for March 2025.

Icon Analyst Outlook and Growth Projections

Analysts forecast moderating profit growth, with estimated earnings per share growth of 5.5% annually for the next three years. This suggests a potential shift in growth trajectory compared to recent performance.

Icon Segment Performance and Investment Income

While the Commercial Property division saw a decline in gross written premiums in Q1 2025, net investment income grew by 33.1% to $43.8 million, driven by portfolio expansion. This diversification of income sources is crucial for overall financial stability, as detailed in the Competitors Landscape of Kinsale Capital Group.

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