Expenses & Revenue Share
KIS Commission % of Premium18.3%
USI Commission Cap / Year$350K
Fronting Carrier Fee / Year$150K
Loss Ratio % of Premium10.1%
Admin + Misc Fees / Year$110K
Revenue Share to PHR10.0%
2027 Net to KIS:$4,821,8822028:$10,329,324
Total Premium 2026
$653K
Jun–Dec partial year
Total Premium 2027
$6.19M
Full year projection
Total Premium 2028
$12.25M
+98% vs 2027
Net to KIS 2027
$4.82M
After all expenses
Annual premium vs net income
Gross premium vs net to KIS vs total expenses
Gross Premium
Net to KIS
Total Expenses
2027 premium mix
Share of $6.19M total premium
2028 premium mix
Share of $12.25M total premium
Premium by product — all years
Annual gross premium per program across 2026, 2027 and 2028
2026
2027
2028
Premium / Policy / Month$15
Renewal TLL Adoption70%
Organic Growth / Month500
Organic TLL Adoption70%
KIS Commission %30%
Loss Ratio %20%
2026 Premium
$539K
7 months
2027 Premium
$3.12M
Full year
2028 Premium
$5.51M
Full year
Net to Captive 2027
$1.56M
After comm + loss
Assumptions
Premium / Policy / Month$30
Existing Door Adoption5%
New Door Adoption5%
Organic Growth / Month500
KIS Commission %30%
Loss Ratio %70%
2026 Premium
$114K
7 months
2027 Premium
$950K
Full year
2028 Premium
$701K
Maturing book
KIS Commission 2027
$197K
Direct to KIS
Assumptions
Avg Rent / Door / Month$2,500
Premium as % of Rent0.65%
Existing Door Adoption2%
New Door Adoption100%
KIS Commission %30%
Eviction Loss Ratio %57.7%
2027 Premium
$690K
Jan–Dec ramp
2028 Premium
$1.96M
Full year
Net to Captive 2027
$85K
12.3% margin
Monthly gross premium ramp
Jan 2027 start — growing through 2028
Annual financial summary
Line Item202620272028
Assumptions
Premium / Policy / Month$65
Residents with Pets50%
Restricted Breed %5%
Organic BSP / Month12.5
KIS Commission %30%
Loss Ratio %25%
2027 Premium
$486K
Jan–Dec ramp
2028 Premium
$1.38M
Full year
Net to Captive 2027
$219K
45% margin
Monthly gross premium ramp
Jan 2027 start — growing through 2028
Annual financial summary
Line Item202620272028
Scenario Modeling
Premium / Policy / Month$0
Residents with Pets50%
Lease Renewal %66%
Organic Growth / Month500
KIS Commission %30%
Loss Ratio %20%
2027 Premium (scenario)
$0
Set premium above to model
2028 Premium (scenario)
$0
Full year projection
Net to Captive 2027
$0
After comm + loss
Projected monthly premium (scenario)
Drag the premium slider above to model potential revenue
⚠ Awaiting Feasibility Study
Use the sliders above to model potential scenarios. Based on lease assumptions, an estimated 6,400+ policies could be active by end of 2027 if launched in January. The $20,000 feasibility study cost is included in 2027 combined expenses.
Assumptions
Standard Tier / Month$50
Premium Tier / Month$75
Standard vs Premium Split70/30
Existing Owner Adoption1.5%
Organic Growth Adoption25%
Organic Growth / Month500
2027 Premium
$750K
Jan–Dec ramp
2028 Premium
$2.20M
Full year
Blended Premium
$57.50
Per policy / month
Monthly gross premium ramp
Jan 2027 start
Annual financial summary
Line Item202620272028
Assumptions
Avg Rent / Door / Month$2,500
Premium as % of Rent0.65%
Existing Door Adoption2%
New Door Adoption25%
Organic Growth / Month500
Adoption Window (months)5 mo
2027 Premium
$195K
Jan–Dec ramp
2028 Premium
$494K
Full year
Implied Premium / Month
$16.25
Per policy
Monthly gross premium ramp
Jan 2027 start
Annual financial summary
Line Item202620272028
Assumptions
Avg Premium / Year$1,750
KIS Commission %15%
Existing Door Adoption0.5%
Organic Growth / Month500
Max Organic Adoption30%
Total Starting Doors40K
KIS Commissions 2026
$138K
Mar–Dec partial year
KIS Commissions 2027
$487K
Full year plateau
Avg Policies 2027
1,855
Existing + organic
Monthly KIS commissions
Commission income — reaches plateau as book matures
Policy count growth
Annual commission summary
Line Item202620272028
4
Milestones Complete
9
Milestones Remaining
Formation & Legal
Infrastructure
1st Party Product
3rd Party Product
✓ = Completed
✓ Captive feasibility study completed
✓ KASTL entity created
✓ KIS LLC registered
✓ KIS LLC licensed
3P: MFR landlord liability & dwelling
Guaranteed Rental Income (1P)
Pet Damage Waiver
Home Warranty Protection
Master Vendor Policy
Q1 '26
Q2 '26
Q3 '26
Q4 '26
Q1 '27
Q2 '27
Q3/Q4 '27
3P: SFR landlord liability & dwelling
Policy admin mgmt platform in place
Begin transition PHR → KIS TL, SDW
Eviction Protection Insurance
Breed Specific Waiver
Milestone Detail
Click a status pill to update progress
MilestoneQuarterAnticipated MonthStatus