Kinsale Capital Group, Inc.

AI-generated fair value estimate for this company.

Method: Justified price-to-book model: terminal sustainable ROE of 18% (faded down from FY2025's 29.3% as E&S market softens per analyst commentary on decelerating 2026 growth), cost of equity 10%, terminal growth 5% -> justified P/B = (0.18-0.05)/(0.10-0.05) = 2.6x; applied to book value per share of $84.66 (FY2025-end) x 22.78M shares

Reasoning: Kinsale has an exceptional underwriting track record (75.9% combined ratio, 29.3% ROE, book value up 33% YoY) but FY2025's ROE is likely a cyclical peak as E&S market competition increases (analyst 2026E revenue growth decelerating to 4.67% from historical double digits). DCF/justified-P/B value of ~$5.01B is below the ~$7.57B market cap, implying the market expects Kinsale to sustain elevated ROE for longer than this conservative long-run fade assumption