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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Kinsale Capital Group's retained earnings for the quarter that ended in Mar. 2024 was $924 Mil.
Kinsale Capital Group's quarterly retained earnings increased from Sep. 2023 ($728 Mil) to Dec. 2023 ($828 Mil) and increased from Dec. 2023 ($828 Mil) to Mar. 2024 ($924 Mil).
Kinsale Capital Group's annual retained earnings increased from Dec. 2021 ($386 Mil) to Dec. 2022 ($533 Mil) and increased from Dec. 2022 ($533 Mil) to Dec. 2023 ($828 Mil).
The historical data trend for Kinsale Capital Group's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kinsale Capital Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 162.91 | 243.32 | 385.94 | 533.12 | 828.25 |
Kinsale Capital Group Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Retained Earnings | Get a 7-Day Free Trial | 585.69 | 655.23 | 728.11 | 828.25 | 923.71 |
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Kinsale Capital Group (NYSE:KNSL) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Russell Frederick L. Jr. | director | 1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226 |
Brian D. Haney | officer: SVP and COO | C/O KINSALE CAPITAL GROUP, INC., 2035 MAYWILL STREET, SUITE 100, RICHMOND VA 23230 |
Michael P Kehoe | director, officer: CEO and President | JAMES RIVER GROUP, INC., 1414 RALEIGH ROAD, SUITE 415, CHAPEL HILL NC 27517 |
Hatcher Robert V. Iii | director | C/O KINSALE CAPITAL GROUP, INC., 2035 MAYWILL STREET, SUITE 100, RICHMOND VA 23230 |
Steven J Bensinger | director | 125 BROAD ST, NEW YORK NY 10004 |
Anne C. Kronenberg | director | C/O KINSALE CAPITAL GROUP, INC., 2035 MAYWILL STREET, SUITE 100, RICHMOND VA 23230 |
Bryan P. Petrucelli | officer: SVP, CFO and Treasurer | C/O KINSALE CAPITAL GROUP, INC., 2035 MAYWILL STREET, SUITE 100, RICHMOND VA 23230 |
Robert Iii Lippincott | director, other: Chairman | 3152 CASSEEKEY ISLAND ROAD, JUPITER FL 33477 |
James Joseph Ritchie | director | C/O CERES GROUP INC, 17800 ROYALTON ROAD, STRONGSVILLE OH 44136 |
Teresa Chia | director | C/O KINSALE CAPITAL GROUP, INC., 2035 MAYWILL STREET, SUITE 100, RICHMOND VA 23230 |
Diane D. Schnupp | officer: SVP, Chief Information Officer | C/O KINSALE CAPITAL GROUP, INC., 2035 MAYWILL STREET, SUITE 100, RICHMOND VA 23230 |
Gregory M Share | director | THREE FIRST NATIONAL PLZ, SUITE 3800, CHICAGO IL 60602 |
Mark J. Beachy | officer: EVP and Chief Claims Officer | C/O KINSALE CAPITAL GROUP, INC., 2035 MAYWILL STREET, SUITE 100, RICHMOND VA 23230 |
Ann Marie Marson | officer: SVP and Chief Claims Officer | C/O KINSALE CAPITAL GROUP, INC., 2221 EDWARD HOLLAND DRIVE, SUITE 600, RICHMOND VA 23230 |
Kenney William J. Jr. | officer: SVP/Chief Information Officer | C/O KINSALE CAPITAL GROUP, INC., 2221 EDWARD HOLLAND DRIVE, SUITE 600, RICHMOND VA 23230 |
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