Latest Q3 2026 Results Posted by Kin Insurance -

Some highlights from the Q3 results update for you;

Kin, the direct-to-consumer provider of insurance and home financing solutions for homeowners, today announced results for the third quarter ended September 30, 2026.

With its renewal business generating a 50% Baseline Adjusted EBITDA Margin, Kin chose to redeploy that organically generated earnings into growth, selling more new policies than in any quarter in its history. Gross Written Premium growth accelerated to 24% year-over-year, up from 15% in the second quarter. New policy sales rose 53%, Growth Revenue grew 47% year-over-year to $19.5 million, up sequentially from $17.9 million in Q2, and Premium in Force³ at Kin’s managed reciprocal exchanges reached $740.5 million, up 22% vs. prior year.

“When new customers become part of a renewal business that earns a 50% margin, the smart move is to add as many good customers as we can,” said Kin Founder and CEO Sean Harper. “That’s exactly what we did this quarter. We sold more policies than ever before. Our model compounds: customers renew, they add auto insurance and home financing, and every policy makes our pricing smarter. Adding more customers also increases the speed at which our algorithms learn and we accumulate data, driving value for both Kin and its customers.”

Third Quarter 2026 Highlights

Record new policy sales: New policy sales rose 53% year-over-year. New home policy sales rose 32%, with an average premium of $2,303, making Q3 Kin’s strongest quarter on record for new policy sales. New Written Premium⁴ grew 33% to $65.0 million.
Revenue from new customers: Growth Revenue⁶ increased 47% year-over-year to $19.5 million, up 9% from $17.9 million in Q2 2026.
Scale: Premium in Force³ reached $740.5 million, up 22%. Gross Written Premium¹ increased 24% to $199.9 million, accelerating from 15% growth in Q2 2026, including Renewal Written Premium⁵ of $134.9 million, up 20%.
A highly profitable core: Kin Insurance, Inc.² generated $63.7 million in Total Revenue, up 24%. Gross Profit⁹ rose 25% to $60.1 million at a 94% Gross Margin. Baseline Adjusted EBITDA¹⁴ increased 20% to $22.1 million, and Baseline Adjusted EBITDA Margin rose to 50% from 48%.
Deliberate investment: Growth Expenses¹⁰ rose 74% to $44.1 million, resulting in an Adjusted EBITDA¹³ loss of $3.7 million for the quarter.
Efficient risk selection: Kin’s managed reciprocal exchanges recorded no hurricane losses net of reinsurance in Q3, posted a 25.3% adjusted loss ratio¹⁶ through September 30, and generated $15.5 million in Combined Carrier Adjusted Net Income¹⁵.

Leaning into Growth

In the third quarter, Kin’s baseline business produced $22.1 million in Baseline Adjusted EBITDA on $44.3 million in Baseline Revenue⁷, a 50% margin, up two percentage points from a year ago. That income funds growth. Kin increased Growth Expenses by 74% and turned that investment into record new-customer volume: New Written Premium rose 33%. When those customers renew (which they do at 91% when offered renewal), they become part of the Baseline business where Kin earned a 50% margin in Q3. Many of those customers will add more products from Kin over time.

Together, these results produced an Adjusted EBITDA loss of $3.7 million for the quarter. Kin makes this tradeoff on purpose: every new customer is added to a renewal base with a 50% margin.

Closed-Loop System Powers Efficiency

Kin is built as a closed-loop insurance system: one connected platform, built and owned by Kin, where selling, pricing, underwriting, service, claims and reinsurance all run on the same data. Every quote, policy and claim feeds back into the models that price the next home insurance policy, improving the system as it grows. Operational attributes that support this include:

Sell direct. Kin sells directly to homeowners, with no independent agents, so it owns the customer relationship and pays no independent agent commission on new or renewal business, savings that help keep premiums competitive.
Price every home individually. Kin’s AI, machine learning, and proprietary data models analyze more than a thousand data points on each property. Kin can quote a home accurately after asking only a handful of questions.
Select risks. Kin uses data to inform which homes the reciprocal exchanges insure and the rates filed with regulators.
Put people at the center of claims. Technology handles the routine work so Kin’s licensed adjusters and service teams can focus on what matters most: helping customers get back to normal with the speed and accuracy they deserve.
Learn. Claims and loss experience flow back into underwriting and into the rate filings the exchanges submit to regulators.

The loop compounds. Better claims data leads to more accurate prices. More accurate prices let Kin grow profitably. Growth brings more data. Kin Insurance, Inc. earns management fees from the reciprocal exchanges it manages rather than holding their underwriting risk on its own balance sheet. This capital-light model is why Kin is able to sustain a 90%+ gross margin.

“Most insurers are adding AI on top of systems that were built decades ago for agents and paper,” said Kin Chief Technology Officer Kevin Greene. “We built one system, we own all of it, and every part learns from every other part. That loop is very hard to copy, and it gets stronger every quarter.”

You can get more details on the Kin results here.