Tagged: kin insurance

August 9, 2024 @ 10:40 am By Omar Faridi  |  

Kin Insurance has shared select operating results for the second quarter ended June 30, 2024. Kin finished the second quarter of 2024 “with $151.9 million in gross written premium, bringing the year-to-date total to $264.8 million.” Operating income jumped “from $1.0 million in Q1 to $5.2… Read More

March 14, 2024 @ 12:12 pm By Omar Faridi  |  

Kin, the digital, direct-to-consumer home insurance company, has expanded into Texas and now offers House & Property insurance and mobile home insurance to residents of the Lone Star State. Kin says the insurance crisis sweeping the Gulf Coast is spilling further into Texas, “providing affordable,… Read More

November 14, 2023 @ 6:38 pm By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal, announced operating results through the third quarter “ended September 30, 2023.” Kin finished the third quarter of 2023 “with $77.8 million in gross written premium and $24.2 million in total revenue.” Kin’s operating income… Read More

May 25, 2023 @ 11:07 am By JD Alois  |  

Kin Insurance has completed its Florida reinsurance program for the following year. Kin is a direct-to-consumer digital insurer focused on the homeowner’s insurance market. Florida is struggling to regain its homeowner’s insurance footing following Hurricane Ian, which caused billions of dollars in losses. Reinsurance is… Read More

April 5, 2023 @ 12:17 pm By Omar Faridi  |  

Kin Insurance announced that the Kin Interinsurance Network, its reciprocal insurance carrier, successfully closed a $100 million private placement catastrophe bond transaction, bringing Hestia Re Ltd.’s total outstanding limit to $275 million. The new multi-year reinsurance arrangement with Hestia Re “provides the Kin Interinsurance Network… Read More

February 25, 2023 @ 10:49 am By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal®, announced select preliminary operating results “through the fourth quarter ended December 31, 2022.” Kin finished 2022 “with $227.5 million in gross written premium, which represents a 117% increase in year-over-year growth.” Adjusted loss ratio… Read More

February 16, 2021 @ 4:12 pm By Samantha Hurst  |  

  U.S. insurtech startup Kin Insurance announced on Tuesday it has surpassed $10 billion in total insured property value. Kin reported that it saw a 400% increase in direct written premiums of the fourth quarter of 2020 over the past year. It also saw a… Read More

August 14, 2020 @ 2:19 pm By Samantha Hurst  |  

U.S. insurtech startup Kin Insurance announced on Thursday it secured $35 million through its Series B investment round, which was led by  Commerce Ventures with participation from Hudson Structured Capital Management Ltd. (doing its reinsurance business as HSCM Bermuda), Flourish Ventures, QED, Alpha Edison, Allegis… Read More

April 10, 2020 @ 9:02 pm By Samantha Hurst  |  

U.S. insurtech startup Kin Insurance announced earlier this week it has expanded its partnership with property data platform Cape Analytics to improve its online insurance experience with predictive property insights. Through the partnership, Cape Analytics is reportedly providing Kin with the most comprehensive, timely, and… Read More

June 13, 2018 @ 7:03 am By Samantha Hurst  |  

U.S. insurtech startup Kin Insurance announced earlier this week it secured $13 million through its latest round of funding. The company reported the funds will go towards its mission to help protect homeowners nationwide. Founded in 2017, Kin describes itself as a home insurance startup… Read More