Kin Reports Record New Policy Sales and 50% Baseline Adjusted EBITDA Margin in Q3 2026
Kin, a direct-to-consumer insurance provider, reported strong third-quarter 2026 results characterized by record-breaking new policy sales and accelerating growth. The company saw new policy sales rise 53% year-over-year, while Gross Written Premium grew by 24%, up from 15% in the previous quarter. A key driver of this performance is Kin's renewal business, which achieved a highly profitable 50% Baseline Adjusted EBITDA margin. To fuel further expansion, Kin deliberately increased growth expenses by 74%, leading to an Adjusted EBITDA loss of $3.7 million for the quarter despite strong top-line revenue. The company's strategy focuses on leveraging high-margin renewal earnings to acquire new customers and expand its data capabilities through algorithmic learning. Premium in force reached $740.5 million, representing a 22% increase compared to the prior year.