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INSIGHT ACQUISITION > News GlobeNewsWire published a news.

Metromile Raises Policies in Force and Contribution Profit Expectations for Full Year 2020, Provides Update on Third Quarter 2020 Financial Metrics and Reaffirms Outlook for 2021-2024 • • GlobeNewsWire • Stocks

2020 Year-End Policies in Force Projected to be 92,253 vs. 91,944 Prior Forecast Full Year 2020 Contribution Profit Forecast Now $14.1M vs. $11.3M Prior Forecast Full Year 2020 Loss Ratio Forecast Now 59.8% vs. 63.3% Prior Forecast SAN FRANCISCO, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Metromile, Inc. (“Metromile”), a leading digital insurance platform and pay-per-mile auto insurer, today provided a supplemental financial presentation with key financial metrics from the third quarter of 2020, an...

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INSIGHT ACQUISITION > News GlobeNewsWire published a news.

Metromile, a Leading Digital Insurance Platform, to Become Public Company • • GlobeNewsWire • Stocks

Metromile and INSU Acquisition Corp. II (NASDAQ: INAQ) Enter Business Combination Agreement Transaction Includes Commitment for $ 160 Million PIPE Led by Social Capital , Joined by Investors Including Miller Value , Clearbridge, Hudson Structured, Mark Cuban , and New Enterprise Associates Metromile Expanding to 49 States by Year- End 2022 and Projecting $1 Billion of Premium Run-Rate by Year-End 2024 Approximately $1. 3 Billion Combined Company Pro Forma Implied Market Cap Transaction to...

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