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Welcome to the VIP edition newsletter from ALPHA, our Stock Deep Dive! In this edition, you’ll read an in-depth analysis of an excellent stock we’ve been watching: 👇
Stock Deep Dive: Kinsale Capital Group (KNSL-US, $10.3B MCap)
This week, we’re channeling our inner Warren Buffett.
Buffett has credited much of his empire-building to the success of his ventures into the insurance world.
Cash flow and float from his insurance businesses have built up a war chest, allowing him to leverage his investing acumen responsibly.
The key word there is “responsibly.” The public is still fresh off its scars from the SVB and FTX debacles, which have instilled doubt into our financial systems.
In a world of doubt, you need solid operators with strong capital structures. As Buffett eloquently says, “If you are willing to do dumb things in insurance, the world will find you.”
Today, the deep dive is a major player in the insurance business, but it is in a riskier category than traditional players. Would Buffett approve?
Understanding The Buffett Model 👉 All About Float
Overview 👉 What Does Kinsale Do?
How Do They Win? 👉 Value Proposition
Key Relationships 👉 Independent Insurance Brokers
By The Numbers 👉 Operating Segments & Key Metrics
Risks 👉 Potential Pitfalls