Kin Insurance

Kin Insurance is a technology-driven direct-to-consumer homeowners insurance company founded in 2016 and headquartered in Chicago, Illinois, that has emerged as one of the fastest-growing and most innovative players in the property insurance market. Founded by Sean Harper, Lucas Ward, Sebastian Villarreal, and Stephen Wooten—entrepreneurs with extensive experience in financial technology from building and selling businesses to Groupon, Insight Venture Partners, and Avant—Kin was created to address fundamental inefficiencies in the homeowners insurance industry through technology and data science. The company operates an online insurance platform that provides simple, personalized, and affordable home insurance by leveraging thousands of property data points to customize coverage and prices.

What sets Kin apart is its willingness to insure properties in high-risk areas prone to natural disasters, particularly in catastrophe-exposed states where traditional insurers are retreating. Rather than avoiding risk, Kin uses sophisticated data analytics and AI to accurately price policies for homes facing hurricanes, wildfires, and other perils. The company operates as a Managing General Agent (MGA) writing policies on behalf of reciprocal exchanges it manages, allowing it to maintain control over underwriting while distributing risk. Kin currently provides coverage in Florida, Alabama, Arizona, Georgia, Louisiana, Mississippi, South Carolina, Tennessee, Texas, Virginia, and recently expanded into California amid an industry-wide retreat from that market.

Kin has achieved remarkable financial and operational success, growing from 115,000 policyholders in 2023 to 160,000 in 2024, with the total insured property value surpassing $100 billion by April 2025. The company wrote $495.3 million in premiums in 2024 (up from $346.3 million in 2023) and generated $156.1 million in total revenue, representing 48% year-over-year growth. Most impressively, the reciprocal exchanges Kin manages achieved their first full year of profitability in 2024, with operating income of $12 million representing a 126% increase. Kin has raised $476 million in total funding and achieved a $2 billion valuation in its September 2025 Series E round. The company has grown to 800 employees and is planning to file for IPO in mid-2025 with a public listing expected in 2026.