Kin SPAC Presentation Deck
kin.com | 59
177%
Hippo
Hippo 1H'21
Loss Ratio¹
-100%
Kin Out
Performance
77%
Recent Rate & Underwriting Actions
to Achieve Target Loss Ratio
kin.
Kin 2020 Adj. Loss
Ratio²
2020 Kin hit
by 4
hurricanes
-11%
Excess Cat³
One in Sept. '20,
One in May 21
-13%
Already Launched
Rate Increases
1:Q1'21 gross loss & LAE ratio. From HIPO 8-k filed 9/1/21 2: Kin Interinsurance Network adjusted loss ratio (gross loss & loss adjustment expense) /
(gross earned premium + earned surplus contribution). The Company works to apply a conservative IBNR reserving philosophy based on
actuarial assessment. The 2020 actual loss experience to date (51% adjusted) is less than the published loss ratio. Kin's 2019 loss ratio was
comparable. 3: Catastrophe loss excess of modeled Average Annual Loss (AAL) for our 2020 portfolio.
Three major
changes
implemented
last year
-13%
Already
Implemented
Underwriting
Changes
40%
Pro Forma Adj.
Loss Ratio
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