Kin SPAC Presentation Deck

RATES Rate Increases Not Impacting Our Retention or Conversion Rates Our rate need is less than our competitors' and customers choose us for reasons other than price >90% of customers who were offered renewals chose to renew, despite average rate increases >10% Renewal Rate & Average Price Increase 25.0% 20.0% 15.0% 5.0% 10.0% .. 0.0% 93.9% kin.com | 60 ........ 11.8% 2020-Q4 94.9% 12.0% Price Increase 2021-Q1 17.0% 92.4% ➡ Policy Renewal Rate *Renewal rate for customers who were offered renewals only 2021-Q2 100.0% 75.0% ..... 50.0 ..... 25.0% ..... 0.0% New business conversion stayed steady despite higher average premiums per policy 15.0% 10.0% 5.0% 0.0% Florida Click Lead Conversion & Average Premiums $1,389 8.3% 2020-Q1 $1,409 7.6% $1,325 8.8% 2020-Q2 2020-Q3 Avg, Policy $1,399 7.6% $1,425 9.1% 2020-Q4 2021-Q1 Conversion $1,528 9.5% 2021-Q2 $1,500 $1,000 $500 $0

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