Kin improves adjusted LR by 17.6% in Q3, grows YTD managed premiums fourfold to $79mn
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Kin improves adjusted LR by 17.6% in Q3, grows YTD managed premiums fourfold to $79mn

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InsurTech Kin Insurance reported an 89.8% adjusted loss ratio for the third quarter, marking a 17.6 point improvement over same quarter last year, the company said.

Hurricane Ida contributed 25.4 points to the adjusted loss ratio, with other PCS cat events contributing 8.9 points.

“Historically, the third quarter tends to have higher loss ratios, driven by larger amounts of extreme weather, only to be improved upon...

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