Kin SPAC Presentation Deck

Reinsurance is structured to hedge most of our catastrophe risk Reciprocal retains the first $5mm of damage from any given hurricane $312.7mm $276.6mm $103.5mm $30.1mm $5.0mm Open Market Placement FHCF Layer 90% of $73.5mm xs $30.1mm Open Market Placement Retention* $5.0mm 1st Event Open Market Placement UL $9.0mm xs $3.0mm Retention* $3.0mm 2nd Event 159yr 133yr 35yr 10yr 4yr 3yr 1926 Miami: $106.8mm 2004 Charley: $52.7mm 2017 Irma: $40.4mm 2004 Jeanne: $39.5mm 2005 Wilma: $22.9mm 1992 Andrew: $18.4mm 2018 Michael: $15.0mm 2005 Katrina: $6.6mm 2004 Ivan: $5.8mm 2016 Matthew: $4.1mm 2005 Dennis: $2.9mm Blue chip reinsurers cover the rest¹ EVEREST. Amlin FIDELIS ☆₂ ASPEN RE VANTAGE Arch Re ATRIUM ICWGROUP Tamesis Insurance Companies (C) ARK CHORD RE LLOYD'S XL Insurance Ariel Re convex Swiss Re Reinsurance CHUBв TALBOT An AIG company canopius PartnerRe 4 ODYSSEY RE AMERICAN FAMILY INSURANCE 1. In addition to these unaffiliated reinsurers, Kin management is considering forming an affiliate that would provide a portion of the requisite reinsurance for the Reciprocal, which would be funded by either capital or capital raised from the sale of insurance linked securities. Note: The reciprocal did not make any claims on either the per-event XOL or per-risk XOL last year. However, there were several cat events that fell within our retention, which had a meaningful impact on our results. kin.com | 56 CINCINNATI Liberty Mutual. →Expected % of written premium for treaty year: 31.1% →26.4% if buying rating agency requirements →Includes reinstatement premium protection →Per risk XOL: $500K >Number of reinsurers: 42 →Quota share: 25-50% kin.

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