Filing Flows › Kinsale Capital Group (KNSL) › Q1 2025
Kinsale Capital Group (KNSL) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
Kinsale Capital Group (KNSL) reported revenue of $423M for the first quarter 2025 (Q1 2025), +14% from a year earlier and +3% from the quarter before. Operating margin was 26.5%, net earnings $89.2M (21.1% of revenue).
Kinsale Capital Group, Q1 2025: revenue $423M (+14% year over year), operating margin 26.5%, net earnings $89.2M, operating cash flow $230M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $423M | +3% | +14% |
| Operating profit | $112M | -19% | -3% |
| Net earnings | $89.2M | -18% | -10% |
| Operating cash flow | $230M | +8% | +9% |
| Free cash flow | $218M | +8% | +5% |
What changed
Revenue was $423.4M in Q1 2025, up 14% year over year and up 3% from the previous quarter.
Operating profit was $112.3M, a 26.5% margin (down 4.6 points year over year). Operating profit fell $3.6M even though revenue rose $50.6M versus a year earlier, so costs grew faster than sales. Total costs grew 21% against revenue growth of 14%. Net earnings were $89.2M, down 10% year over year. The effective tax rate was 20.6%.
Operating cash flow was $229.8M (up 9% year over year), 258% of net earnings. Non-cash charges added back $3.8M of share-based compensation. Working capital and other items added $136.8M. Capital expenditures of $12.1M left free cash flow of $217.6M.
Questions
What was Kinsale Capital Group's revenue in the first quarter 2025?
Kinsale Capital Group (KNSL) reported revenue of $423M for the first quarter 2025 (Q1 2025), +14% from a year earlier and +3% from the quarter before.
Was Kinsale Capital Group profitable in the first quarter 2025?
Operating profit was $112M (26.5% of revenue) and net earnings $89.2M.