Metromile posts $2.1mn contribution loss as loss ratio swells
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Metromile posts $2.1mn contribution loss as loss ratio swells

Samuel Casey
November 16, 2021
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Metromile reported a contribution loss of $2.1mn in the third quarter compared with a contribution profit of $4.7mn in the prior-year period, as the loss ratio at the auto carrier continued to swell.

The loss ratio at the pay-per-mile auto insurer grew to 81.6% during the quarter, up from 56.7% at the same point last year, which the carrier attributed to an industry-wide increase in claims severity, as well as claims related...

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News InsurTech Metromile Earnings
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Samuel Casey
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