Metromile, Inc.
MILEW
NASDAQ Capital Market0.06
USD
-0.01
- -
CIK
0001819035
CUSIP
591697115
Return %
Stock
S&P500
1Y
-61.01
18.02
3Y
-95.31
64.11
5Y
-95.31
72.15
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Dan Preston
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Address
- 425 Market Street San Francisco CA United States of America 94105
- IPO Date
- Nov 20, 2020
- CIK
- 0001819035
- Website
- metromile.com
- Similar Companies
- Business
- Metromile, Inc. Metromile, Inc. (MILEW) provides pay-per-mile automobile insurance tailored for low-mileage drivers in the United States, along with a digital platform offering smart driving features, automated claims processing, vehicle health monitoring, and trip analytics via its proprietary Pulse device that plugs into a vehicle's OBD-II port; the company also licenses its enterprise technology, including tools for fraud detection and claims management such as REPORT, to property and casualty insurers worldwide under software-as-a-service arrangements and professional services. Founded in 2011 in Redwood City, California, and headquartered in San Francisco with additional offices in Tempe, Arizona, and other locations, Metromile operates in select states including Arizona, California, Illinois, New Jersey, Oregon, Pennsylvania, Virginia, and Washington, targeting consumers who drive fewer miles and overpay under traditional policies, delivering average savings of 47% through real-time mileage-based pricing that includes a low base rate plus per-mile fees determined by factors like age and vehicle details. In July 2022, Lemonade, Inc. Lemonade, Inc. acquired Metromile in an all-stock transaction valued at approximately $500 million fully diluted, integrating its data science-driven auto insurance capabilities into Lemonade's offerings while retaining Metromile as a subsidiary focused on usage-based insurance innovation.