Shelter from the Storm
P&C Insurance - Kinsale Capital | 6.7.24
Every Dog Has His Day
While Nvidia grew earnings and book value per share at compound annual growth rates of 55% and 30% respectively over the past 9 years (impressive!), we’ve been thinking about how attractive the U.S. P&C insurance industry has been for the past few years.
Take Kinsale Capital (KNSL) for example. The Virginia-based specialty P&C insurance company only underwrites smaller risks within the E&S market. The management team has grown EPS and book value per share at a CAGR of 36% and 26% over the past year while the shares have appreciated at a CAGR of 47%.
