Metromile loss ratio climbs 24.4 points to 74.2%
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Metromile loss ratio climbs 24.4 points to 74.2%

Bernard Goyder
August 09, 2021
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Metromile logo San Francisco.jpg

Metromile’s loss ratio deteriorated by 24.4 points to 74.2% in Q2, as the company lowered its growth forecast for the second half of 2021.

The San Francisco-based InsurTech grew direct written premiums by 23% over the period to $27.8mn, giving the carrier an expected 2021 premium run-rate of between $115mn to $125mn.

The

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NewsInsurTechMetromile
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Bernard Goyder
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