Kin Insurance Technology Hub LLC

Chicago, Illinois

Classification

Private

About

About

Kin Insurance Technology Hub is a company operating in the insurance industry through advanced technological solutions. Founded on the principle of leveraging innovation to simplify and enhance insurance processes, Kin is committed to providing customers with seamless and personalized insurance experiences. Through its robust technological infrastructure, Kin offers a wide range of insurance products tailored to meet the diverse needs of homeowners, renters, and property investors. With a focus on transparency, efficiency, and customer-centricity, Kin is poised to redefine the insurance landscape and set new standards for excellence in the industry. Product Breakdown: Home Insurance: Kin's home insurance product is designed to provide comprehensive coverage for homeowners, protecting their property and possessions against various risks such as fire, theft, natural disasters, and liability. Leveraging advanced analytics and data-driven insights, Kin offers customized policies that cater to the unique needs and preferences of individual homeowners. From standard coverage options to additional endorsements for high-value items and specialized risks, Kin ensures that customers have the flexibility to tailor their insurance plans to suit their specific circumstances. Renters Insurance: For renters seeking peace of mind and financial protection, Kin offers renters insurance policies that cover personal belongings, liability, and additional living expenses in the event of covered losses. With a focus on affordability and convenience, Kin's renters insurance product is easily accessible online, allowing renters to quickly obtain quotes, customize their coverage, and manage their policies with ease. By streamlining the insurance process and eliminating unnecessary complexities, Kin empowers renters to safeguard their possessions and assets without breaking the bank. Property Investors Insurance: Recognizing the unique needs and challenges faced by property investors, Kin offers specialized insurance solutions tailored to address the risks associated with owning and managing rental properties. Whether it's a single-family home, multi-unit building, or vacation rental, Kin's property investors insurance provides comprehensive coverage for property damage, loss of rental income, liability, and more. With flexible policy options and dedicated support from experienced insurance professionals, Kin enables property investors to protect their investments and maximize returns with confidence.

Financials

Revenue & Profit

Revenue

Valuation

Valuation

Ratios

Revenue / EBITDA
$123 MM
Valuation / Revenue
$123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

Funding

Keywords

Keywords

Classified

Private