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Kin grows revenue by 48% year-over-year with 126% higher operating income

Kin reported a 48% increase in revenue year-over-year, totaling $156.1 million in 2024.
The company's operating income rose to $12 million, a 126% increase from the prior year.
Customer satisfaction remains high, as indicated by Kin's strong ratings on Trustpilot and Google.
The adjusted loss ratio for Kin's reciprocal exchanges was 25.9% for 2024, showing improvement over the last four years.

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Lake Geneva News

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Kin grows revenue by 48% year-over-year with 126% higher operating income

Managed Reciprocal Exchanges turned first full year of profit

5 days ago

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ReinsuranceNe.ws

Kin reports $495m GWP for 2024 as operating income rises 126%

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 of loss reinsurance recoveries, of 25.9% for FY’24, a continued improvement over the last four years. The adjusted…

3 days ago

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IT News Direct

Kin grows revenue by 48% year-over-year with 126% higher operating income - IT News Direct

Managed Reciprocal Exchanges turned first full year of profit CHICAGO, Feb. 26, 2025 /PRNewswire/ — Kin, the direct-to-consumer home insurance company built for every new normal, today announced operating results through the fourth quarter ended December 31, 2024. Kin finished 2024 with $495.3 million in gross written premium and $156.1 million in total revenue. Kin’s operating income for the year was $12.0 million, representing a 126% increase…

5 days ago

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