Chicago's Kin Reports 29% Revenue Growth
Direct-to-consumer insurance provider Kin announced that its revenue for fiscal year 2025 climbed 29% to $201.6 million. The Chicago-based company also reported a record baseline operating margin of 49%.
- The company was founded in 2016 by Sean Harper, who serves as CEO, Lucas Ward, and Sebastian Villarreal. Harper previously founded payments company FeeFighters, which was acquired by Groupon. - In September 2025, Kin raised a $50 million Series E funding round at a $2 billion pre-money valuation, nearly doubling its previous $1.1 billion valuation. The round was led by QED Investors and Activate Capital. - Kin's business model focuses on providing home insurance in catastrophe-prone states like Florida, Louisiana, and Texas, using data analysis to price risk in areas where legacy insurers have pulled back. - The company holds over $600 million of in-force premiums and insures more than $100 billion in total property value across 13 states. - In January 2026, the company expanded its product offerings by launching auto insurance for customers in Florida and Texas, allowing homeowners to bundle their policies. - This followed the company's move into the mortgage business in October 2025, when it began offering mortgage and home equity products directly to its insurance customers in Florida. - Key competitors for Kin in the insurtech and traditional insurance space include Hippo, Country Financial, and American Financial Group.
