Get the scoop on Kin’s home insurance performance!

February 22, 2024
1 min read


  • Kin reported $344.1 million in gross written premium and $104.5 million in total revenue for 2023.
  • The company’s operating income increased by 143% over the prior-year period.

Key Elements:

Kin, a digital, direct-to-consumer home insurance company, shared its latest operating results for the fourth quarter of 2023. The company reported significant growth, with $344.1 million in gross written premium and $104.5 million in total revenue, marking a 143% increase in operating income over the previous year. Kin also expanded its geographic footprint in 2023 by launching in five new states.

CEO Sean Harper expressed pride in Kin’s 2023 results, highlighting the company’s positive unit economics and strong performance in reciprocal exchanges. The adjusted loss ratios for Kin’s reciprocals were impressive, with the Kin Interinsurance Network achieving a record low of 20.0% in the fourth quarter of 2023.

Angel Conlin, chief insurance officer at Kin, emphasized the company’s outperformance in loss ratios compared to industry peers, attributing it to Kin’s data and technology advantage. Kin’s unique selling point as a pure-play, direct-to-consumer digital insurer sets it apart in the homeowners insurance market, offering convenience, affordability, and personalized coverage options.

Behind the scenes, Kin leverages thousands of data points to provide accurate pricing and improve underwriting results. The company’s technology platform ensures a seamless user experience and fast claims service. Kin is a fully licensed carrier that operates through reciprocal exchanges owned by its customers, demonstrating a customer-centric approach to insurance.

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