Kinsale Capital Group (NASDAQ: KNSL) reported Q2 EPS of $0.84, $0.16 better than the analyst estimate of $0.68. Revenue for the quarter came in at $134.09 million versus the consensus estimate of $102.31 million.

Highlights for the second quarter and first half of 2020 included:

• Net income increased by 119.8% compared to the second quarter of 2019
• Net operating earnings(1) of $19.1 million increased by 53.7% compared to the second quarter of 2019
• 41.2% growth in gross written premiums to $134.1 million compared to the second quarter of 2019
• 38.3% increase in net investment income to $6.6 million compared to the second quarter of 2019
• Underwriting income(2) of $15.7 million in the second quarter of 2020, resulting in a combined ratio of 83.8%
• 16.9% annualized operating return on equity(1) for the six months ended June 30, 2020

“Our second quarter performance yielded strong results as favorable market conditions continued to gain ground and new business submissions accelerated during the course of the quarter. As a result, written premiums were 41% higher for the quarter over last year and we achieved a combined ratio of just under 84%. We remain steadfast in our commitment to provide best-in-class returns by capitalizing on our strategy of disciplined underwriting and technology enabled low costs.” said President and Chief Executive Officer, Michael P. Kehoe.

For earnings history and earnings-related data on Kinsale Capital Group (KNSL) click here.