Reinsurance News
Kin Insurance
Kin sees continued top-line growth in 2025 as GWP reach $634.4m
24th February 2026
Kin, the direct-to-consumer digital home and auto insurance and home finance provider, has reported continued strong top-line expansion in 2025, with gross written premium (GWP) increasing 28% year-on-year to $634.4m, compared with $495.3m in 2024. The growth was driven primarily by renewal written premium, which climbed to $439.9m in 2025 from ... Read the full article
Kin launches auto insurance for Florida and Texas customers
26th January 2026
Kin, a digital home and auto insurance provider, has launched an auto insurance for its Florida and Texas home insurance customers, a move that allows those living in two of the most volatile US insurance markets to bundle their policies, unlocking significant savings. The expansion is a direct response to the ... Read the full article
Kin raises $50m in Series E financing led by QED Investors and Activate Capital
8th September 2025
Kin, a direct-to-consumer home insurer, has closed an oversubscribed $50 million Series E round at a $2 billion pre-money valuation, led by QED Investors and Activate Capital with participation from both new and existing backers. Simultaneously, the insurer also closed on a $200 million debt facility led by Wellington Management, $145 ... Read the full article
Kin secures $1.4bn Florida reinsurance coverage at June 1 amid market expansion
17th June 2025
Kin Insurance has revealed that the reciprocal exchanges it manages, Kin Interinsurance Network and Kin Interinsurance Nexus Exchange, have completed their reinsurance programs for the period of June 1, 2025, through May 31, 2026. For Florida, Kin has secured $1.4 billion in reinsurance protection against natural catastrophes, reinforcing its commitment to ... Read the full article
Kin reports 35% revenue growth in Q1’25, California emerges as key market
15th May 2025
Kin, the direct-to-consumer home insurance company, has announced its financial results for the first quarter of 2025, reporting $47 million in total revenue, up from $34.9 million in Q1 2024, with California emerging as a substantial growth driver during the quarter. Sean Harper, Kin Founder and CEO, said: "We're starting 2025 ... Read the full article
Kin surpasses $100bn in total insurance property value demonstrating strong growth
1st May 2025
Digital home insurance provider Kin has surpassed $100 billion in total insured property value, a milestone that highlights the company’s growth in consumer based and increased profitability. Over the past four years, Kin has demonstrated substantial growth, increasing its total insured value (TIV) from $10 billion to $100 billion while simultaneously ... Read the full article
Kin secures $300m of Florida named storm reinsurance
25th March 2025
Kin Interinsurance Network, one of the reciprocal exchanges managed by digital home insurance provider Kin, has closed a $300 million catastrophe bond transaction through Hestia Re Ltd. According to Kin, the new cat bond, which provides multi-year indemnity-based protection against named storms in Florida, was upsized 50% from the initial 2025 ... Read the full article
Kin expands into California with new home insurance option
5th March 2025
Kin, a digital home insurance provider, has announced the launch of a new home insurance option in California, as part of its mission to provide necessary coverage in markets that are increasingly underserved due to catastrophic events. California has faced a persistent shortage of insurance options, exacerbated by the rising threat ... Read the full article
Kin reports $495m GWP for 2024 as operating income rises 126%
28th February 2025
Kin, the direct-to-consumer home insurer, closed 2024 with $495.3 million in gross written premiums and $156.1 million in total revenue, as operating income for the year hit $12 million, representing a 126% increase over the prior year. The two Kin-managed reciprocal exchanges posted an adjusted loss ratio, net of catastrophe excess ... Read the full article
Kin increases size of reinsurance program at favorable economic terms
11th June 2024
The Kin Interinsurance Network and Kin Interinsurance Nexus Exchange, the reciprocal exchanges managed by Kin Insurance, Inc., have completed their natural catastrophe reinsurance programs for the 2024 storm season, securing more coverage than last year. For 2024-2025, the Florida reinsurance program provides $1 billion in coverage for natural catastrophes, representing protection ... Read the full article
Kin records $344m GWP in FY23 results, total revenue hits $104m
16th February 2024
Kin, the direct-to-consumer home insurance company, has posted $344.1 million in gross written premium (GWP) in their full year 2023 results, representing 51% year-over-year (YoY) growth. Total revenue for FY23 sat at $104.5 million, which represented 53% YoY growth compared to 2022's $68.2 million. The company also posted an operating income of ... Read the full article
Kin raises $15m in financing from new investor, Activate Capital
6th February 2024
Kin, the digital, direct-to-consumer home insurance organisation, has announced the closing of $15 million in financing from new investor Activate Capital, a growth-stage VC firm that is heavily focused on the sustainable, resilient transformation of the global economy. Kin noted that the investment was made at an increased valuation “greater than $1 ... Read the full article
Kin posts $77.8m GWP in Q3, total revenue hits $24.2m
13th November 2023
Kin, the direct-to-consumer home insurance company, has posted $77.8 million in gross written premium and $24.2 million in total revenue for the third quarter of 2023. This compares to last year's GWP of $47,7 million and $14.8 million total revenue, respectively. The company's said that it's operating income remains positive at $11.0 ... Read the full article
Kin secures $33m in Series D extension funding
14th September 2023
Kin, the direct-to-consumer home insurance company, has announced the closing of a $33 million Series D extension. QED Investors led this funding along with returning investors like Geodesic Capital, Allegis Capital, Hudson Structured Capital Management Ltd. (doing its reinsurance business as HSCM Bermuda), and Alpha Edison. Kin has now raised approximately $265 ... Read the full article
Kin’s Q2’23 GWP soars to $109.7 million, marking 55% year-on-year increase
10th August 2023
Kin Insurance has reported a gross written premium (GWP) of $109.7 million for the second-quarter of 2023, up 55% from the year-ago $70.8 million. Kin’s positive operating income nearly doubled to $8.6 million in the second quarter of 2023, driven by disciplined expense management and an ever-increasing renewal base. Kin’s premium renewal ... Read the full article
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