• Kinsale Capital average return on tangible equity for 2023 was 30.57, a 35.21% increase from 2022.
• Kinsale Capital average return on tangible equity for 2022 was 22.61, a 0.76% increase from 2021.
• Kinsale Capital average return on tangible equity for 2021 was 22.44, a 42.93% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.