Metromile Q2 results ‘not acceptable to us’: CEO Preston
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Metromile Q2 results ‘not acceptable to us’: CEO Preston

Jairo Ibarra
August 10, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Metromile logo San Francisco.jpg

Insurtech Metromile felt the heat during the second quarter of the year as driving returns to nearly pre-pandemic levels, fueling higher claims throughout the industry.

During Q2 earnings call with analysts, Metromile executives explained that their financial results during the quarter were hit by higher claims severity, which have increased due to inflation in physical damage claims.

Furthermore,

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News InsurTech Metromile
jairo ibarra/jairo ibarra ii us.png
Jairo Ibarra
Senior Reporter
Contact
Gift this article