Kin SPAC Presentation Deck

Kin has best in class unit economics Metric Revenue Growth Rate ('21-'22E)¹ Premium Per Customer ² Retention Rate 3 kin.com 86 Marketing CAC 4 % Premium Per Customer LTV/CAC 5 Adj. Loss Ratio 1H'216 kin. 151% $1,634 92% $312 24% 7.9x 67% Hippo 74% ~$1,200 87% $350 29% 5.4x 177% Source: Company filings; FactSet; Broker Resed 1: Lemonade is FactSet estimates as of 6/7/2021; Hippo is management projections; Kin: Kin Insurance, Inc. revenue 2: Kin: Kin Interinsurance Network's 2021 YTD average new premium & surplus contribution due in force as of May 2021 3: Kin: Kin Interinsurance Network life to date as of April 2021; Hippo: 2019 one-year premium retention; Lemonade: Q1'21 annual premium retention 4: Kin: 2020 marketing CAC; % premium per customer is on 2020 Carrier, MGA, and Agent new bound premium per customer (excluding surplus contribution) of -$1,300; Lemonade 60% $229 81% $246 107% 1.1x 96% 5: Kin: Customer lifetime value / customer acquisition costs (includes marketing, operations, and data CAC); Hippo: Expected LTV for Q1'21 cohorts; Lemonade: Q1'21 LTM sales & marketing expense / new customers 6: Kin: Kin Interinsurance Network 1H 2021 adjusted loss ratio (gross loss & loss adjustment expense) / (gross earned premium + earned surplus contribution); Hippo: 1H'21 gross loss & LAE ratio; Lemonade: 1H'21 gross loss & LAE ratio

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