For the state of Florida, one of the country’s most disaster-exposed regions, Kin has secured $1.4 billion in reinsurance protection against natural catastrophes. This substantial coverage reinforces the company’s commitment to maintaining financial resilience and policyholder protection in the face of increasing climate-related threats.
Beyond Florida, Kin has arranged over $250 million in reinsurance coverage for its fast-growing markets outside of California, ensuring financial stability as it scales operations. In California, the company’s reinsurance program offers targeted protection against high-impact risks such as earthquakes and wildfires, further strengthening Kin’s position in a state known for its complex natural hazard profile.
The programs were reportedly secured on favourable economic terms and reflect Kin’s disciplined, conservative approach to risk transfer. The company noted that its reinsurance arrangements significantly exceed regulatory requirements and are underpinned by a robust panel of 44 top-tier reinsurers – each rated A- or higher by AM Best – or fully collateralised. In addition, support from 29 catastrophe bond investors provides further diversification and confidence in Kin’s ability to withstand major events.
“We are incredibly pleased to have successfully completed our annual reinsurance placement with such strong support from our long-standing partners,” said Angel Conlin, Chief Insurance Officer at Kin. “This consistent backing is a testament to the effectiveness of our data-driven underwriting and our proven ability to handle claims responsively, especially in the face of evolving climate risks. It further validates our unique approach to managing catastrophe exposure and reinforces our financial strength.”
Kin’s reinsurance strategy is central to its rapid growth, as evidenced by its Q1 2025 results. The company reported total revenue of $47 million, up from $34.9 million in Q1 2024. California, in particular, has emerged as a key driver of expansion, underscoring the importance of Kin’s risk-transfer mechanisms in high-exposure regions.
As Kin continues to scale its footprint across the U.S., its strengthened reinsurance program sends a clear signal to customers, regulators, and partners alike: the insurtech remains focused on delivering innovative coverage with a solid foundation of financial security.
