Kin surpasses $100 billion in total insured property value

Chicago-based home insurance company Kin Insurance announced it surpassed $100 billion in total insured property value.

Kin grew total insured value (TIV) from $10 billion to $100 billion. Between 2021 and 2024, the reciprocal exchanges managed by Kin decreased their gross adjusted loss ratio, net of excess of loss recoveries, from 66.6% to 25.9%.

“Reaching $100 billion in insured property value represents a pivotal moment in Kin’s journey. It’s proof that our approach to home insurance — combining cutting-edge proprietary technology with differentiated, customer-centered service — resonates deeply with homeowners across the country. We appreciate the individuals and families who trust Kin to protect their most valuable assets and look forward to serving them and many more for decades to come.” – Sean Harper, co-founder and CEO of Kin.

In tandem with TIV growth, Kin-managed reciprocal exchanges achieved positive adjusted net income in 2024.

In 2021, 95% of Kin’s total insured property value was concentrated in Florida. As of 2024, Florida represents 75% of total insured property value. The company also launched operations in multiple catastrophe-exposed states, including California. “Reducing geographic concentration enhances portfolio resilience and manages risk. We diversified while still growing in our core markets. With weather volatility rising in many areas of the United States, more and more customers need Kin.” – Angel Conlin, Chief Insurance Officer.