Kin closed $50 million in Series E financing.

The company had ~245k policies in force as of June 30, 2025.

The reciprocals managed by Kin published their financial results for the second quarter of the year.

Progressive added around 318k policies to its overall count.

Combined ratio was 145%, an improvement of 9 percentage points compared to the same period last year.

The carrier reported a net underwriting loss of $33 million for the first six months.

The company has released the Q2 2025 results for its three licensed carriers.

The reciprocal reported a net underwriting loss of $14 million for the first six months.

Root reported net income of $22 million in the quarter.

The company turned a profit for the first time.

In-force premium was over $1 billion.

Premiums written increased $545 million in the second quarter and $1.3 billion in the first six months of 2025.

AccuLynx offers an all-in-one management platform for roofing companies.

The insurer ended the month with a combined ratio of 86.6% and net income of $1.1 billion.