Kin Reports 28% Growth in Home and Auto Insurance Premiums in 2025

Kin, a leading provider of digital home and auto insurance, reported significant growth in 2025, with gross written premium (GWP) surging by 28% to $634.4 million from $495.3 million in the previous year. This increase largely stemmed from higher renewal written premium, reaching $439.9 million, indicative of maturation within Kin’s policy base. While new written premium remained steady at $194.5 million, premiums in force climbed by 29% to $634.8 million, up from $490.5 million at the close of 2024.

Kin's total revenue mirrored this upward trajectory, rising 29% to $201.6 million alongside the growth in premiums. The consistent revenue ratio relative to GWP at 32% underlined stable profitability. Notably, renewal revenue witnessed a substantial increase, reaching $139.8 million, reflecting the strengthening of Kin's renewal pool. Additionally, the company's gross profit escalated by $42 million to $189.2 million, maintaining a robust gross margin of 94%.

Sean Harper, Kin’s Founder and CEO, highlighted, “We grew revenue three times faster than we grew our fixed expense base, which drove our annual Baseline Operating Margin to a record 49%.” This performance underscores Kin’s strategic focus on technology investment and expanding its customer base, allowing for a doubling of operating profit despite market softening. CFO Jerry Fadden emphasized the proactive approach to capturing market share, stating that strong core unit economics and high customer retention fueled Kin’s growth, despite a more competitive environment.