Kin SPAC Presentation Deck

Premium Surplus Contribution Earned Surplus Contribution Total Customer Payment Total Expenses¹ Underwriting Profit before Taxes Taxes² Surplus Contribution Added Surplus kin.com | 79 Stock Carrier $1,100 $1,100 $1,056 $44 ($9) $35 Kin Interinsurance Network $1,000 $100 $1,100 $1,056 ($56) $100 $44 27% More Surplus Generated 1.Assumes same expense inputs as prior slide, 35% Loss + LAE, 30% Reinsurance, 31% Other Expenses 2.Assumes tax rate of 21% Our reciprocal structure can accumulate surplus 25+% faster ✔ contribution is treated as paid in capital for both premium & corporate tax purposes ✔ Compared to a Stock Carrier with similar Adjusted Combined Ratio, KIN will grow surplus ~27% faster due to this tax treatment kin. For Every New Normal

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