Kin, the direct-to-consumer provider of insurance and home finance solutions for homeowners, has announced its financial results for the second quarter of 2026, reporting total revenue of $68 million and gross written premiums of $218.9 million.
Comparably, for Q2 2025 the firm reported total revenues of $ 58.5 million and GWP of $190.2 million.
Gross profit margin expanded to 95% in Q2 2026, with baseline operating income recording $28.6 million, up 14% year-over-year, a record figure, even as Kin stepped up investment in customer acquisition.
Operating income in the quarter stood at $11.8 million, compared to the $14 million reported for Q2 2025.
Kin Founder and CEO Sean Harper, commented: “We bound more policies in June than any month in Kin’s history. All of our top-10 sales-volume days were in May and June. Even though fewer customers are shopping for insurance, Kin is capturing an increasing share of those customers.
“Equally important, our platform handled that new customer growth without a corresponding increase in operating costs. We built Kin to scale efficiently, and this quarter is another example of that showing up in the numbers.”
Despite declining shopping activity across the industry, Kin’s momentum built steadily throughout the quarter, according to the firm.
New written premium at the managed reciprocal exchanges reached $59.8 million while renewal written premium increased to $159 million. May established a new company record for monthly bind volume before June surpassed it again, Kin noted.
Kin also reported that between Q2 2025 and Q2 2026, it expanded its Premium in Force by $129 million while only increasing general administrative (G&A) expenses by $1.7 million, generating approximately $80 in growth for every dollar of added overhead.
“Our AI integrations allow the business to support a significantly larger book of business without increases in overhead,” said Kin Chief Technology Officer Kevin Greene. “Our existing team is handling more volume, in more states, with more products launching faster than ever, yet there has been virtually no impact on employee count. This is the promise of AI and we see it in our business every day.”
