Kin SPAC Presentation Deck

Premium Surplus Contribution Earned Surplus Contribution¹ Total Customer Payment kin.com | 78 Loss + LAE Reinsurance Expenses Total Expense Loss Ratio Adjusted Loss Ratio Combined Ratio Adjusted Combined Ratio Stock Carrier Loss + LAE 35% Reinsurance 30% Other Expenses 31% $1,100 $1,100 $385 $330 $341 $1,056 35% 35% 96% 96% Inputs % of Premium Kin Interinsurance Network $1,000 $100 $1,100 $385 $330 $341 $1,056 39% 35% 106% 96% 1. Earned Surplus Contribution is a Non-GAAP measure representing the prorated customer Surplus contribution across the policy term. Why we use Adjusted Loss and Combined Ratio ✔ The Customer pays the same total amount in both structures For KIN, Surplus Contribution is not counted in typical insurance metrics We use Earned Surplus Contribution¹ to calculate comparable Adjusted Loss & Combined ratios ✔ Without this adjustment, true carrier ✔ by kin. For Every New Normal

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