Is KNSL or MHNC more undervalued in 2026?

CirclFi compares Kinsale Capital Group, Inc. (KNSL) and Maiden Holdings North America, (MHNC) using 13 institutional-grade valuation models. KNSL has a Quality of Company score of 10.0/10 while MHNC scores 4.3/10.

Which is a better buy — KNSL or MHNC?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do KNSL and MHNC valuations compare?

KNSL at $304.77 and MHNC at $12.45 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

KNSL vs MHNC Valuation Comparison 2026 — Intrinsic Value Analysis

KNSL

Fire, Marine & Casualty Insurance

Kinsale Capital Group, Inc.

Quality

10.0

out of 10

Value Trap

SAFE

Price

$304.77

Last close

Models

12/13

Active

MHNC

Fire, Marine & Casualty Insurance

Maiden Holdings North America,

Quality

4.3

out of 10

Value Trap

WARN

Price

$12.45

Last close

Models

4/13

Active

Model-by-Model Comparison

Model	Type	KNSL Fair Value	KNSL Upside	MHNC Fair Value	MHNC Upside
Bayesian DCF	Intrinsic	$735.39	+141.3%	—	—
Earnings Power Value	Intrinsic	$174.56	-42.7%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$284.25	-6.7%	$3.25	-73.9%
PWERM	Option-Based	$456.42	+49.8%	$9.62	-22.7%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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KNSL vs MHNC — Which Stock Is More Undervalued?

KNSL scores higher with a 10.0/10 quality rating vs MHNC's 4.3/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Kinsale Capital Group, Inc. (KNSL) and Maiden Holdings North America, (MHNC) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

KNSL currently trades at $304.77 with a QOC of 10.0/10, while MHNC trades at $12.45 with a QOC of 4.3/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).