Filing Flows › Kinsale Capital Group (KNSL) › Q2 2025
Kinsale Capital Group (KNSL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
Kinsale Capital Group (KNSL) reported revenue of $470M for the second quarter 2025 (Q2 2025), +22% from a year earlier and +11% from the quarter before. Operating margin was 35.8%, net earnings $134M (28.5% of revenue).
Kinsale Capital Group, Q2 2025: revenue $470M (+22% year over year), operating margin 35.8%, net earnings $134M, operating cash flow $269M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $470M | +11% | +22% |
| Operating profit | $168M | +50% | +45% |
| Net earnings | $134M | +50% | +45% |
| Operating cash flow | $269M | +17% | -4% |
| Free cash flow | $252M | +16% | -8% |
What changed
Revenue was $469.8M in Q2 2025, up 22% year over year and up 11% from the previous quarter.
Operating profit was $168.3M, a 35.8% margin (up 5.7 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 30% margin then. Total costs grew 12% against revenue growth of 22%. Net earnings were $134.1M, up 45% year over year. The effective tax rate was 20.3%.
Operating cash flow was $269.1M (down 4% year over year), 201% of net earnings. Non-cash charges added back $4.7M of share-based compensation. Working capital and other items added $130.3M. Capital expenditures of $17.0M left free cash flow of $252.1M.
Questions
What was Kinsale Capital Group's revenue in the second quarter 2025?
Kinsale Capital Group (KNSL) reported revenue of $470M for the second quarter 2025 (Q2 2025), +22% from a year earlier and +11% from the quarter before.
Was Kinsale Capital Group profitable in the second quarter 2025?
Operating profit was $168M (35.8% of revenue) and net earnings $134M.