Kin SPAC Presentation Deck
We Expect To Generate Over $400mm Of Premium By 2023
Premium & gross profit projections are for Shareholder Interest (Kin Insurance, Inc.)
Total Written Premium¹ ($mm)
Renewals
Carrier
Policies
In Force²:
kin.com | 30
$13
2019A
1K
New
139%
5-year CAGR $234
$98
$25 $77
$21
2021E
2020A
15K
57K
$151
$83
2022E
177K
$431
$231
$200
2023E
353K
Gross Profit ($mm)
$2 $6
2019A
2020A
$27
2021E
$69
2022E
$130
2023E
1: Excludes surplus contribution, an incremental 10% capital contribution on top of premium paid by customers to Kin Interinsurance Network. Total written premium is a non-GAAP metric, which includes Carrier
(Kin Interinsurance Network), MGA, and Agent premium. Gross premium written by Kin Interinsurance Network was $19.4mm in 2020. Agent premium are premiums Kin produced as an agent for third party
carriers. Kin does not collect premiums for its third party agent business and has used third party carrier commission statements to estimate the total premiums produced.
2: Kin Interinsurance Network total policies in force at the end of the period (new and renewal). Note: Q1'21 Gross Profit of $4.4mm increased $3.3mm, or 309%, over Q1'20 Gross Profit of $1.1mm.
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