InsurTech Kin posts $6.9mn operating loss for Q2, as premium spikes 287%
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free trial
  • Log in

InsurTech Kin posts $6.9mn operating loss for Q2, as premium spikes 287%

Rachel Dalton
September 10, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Kin logo residential houses background.jpg

InsurTech Kin Insurance has posted a Q2 operating loss of $6.9mn, more than double the loss of the prior-year period, although its gross profit grew over 350% to $6.8mn, compared with the same quarter last year.

The direct-to-consumer homeowners' insurer, which in July agreed to combine with special purpose acquisition company (SPAC) Omnichannel Acquisition Corp ahead of a public listing, reported total written premium of $24.7mn,

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Homeowners' insurance InsurTech Earnings
rachel dalton/rachel dalton ii us.png
Rachel Dalton
Lead Reporter
Contact
Gift this article