Kin Insurance Q1 net LR improves 40 points YoY as growth stays flat sequentially

Homeowners’ InsurTech Kin Insurance has reported a Q1 2023 adjusted loss ratio, net of XoL recoveries, of 20.1%, compared to 60.4% in the prior-year quarter. Its non-cat adjusted loss ratio was 17.3%, down from 41.3% in Q1 2022.