Metromile posts $2.4mn contribution loss as loss ratio swells

Farhin Lilywala

February 28, 2022

Metromile reported a contribution loss of $2.4mn in the fourth quarter, compared with a contribution profit of $5.6mn in the prior-year period, as the loss ratio at the auto carrier continued to swell.

The accident period loss ratio at the pay-per-mile auto insurer grew to 78.1% during the quarter, up from 56.9%

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Farhin Lilywala

Section Editor, Distribution & Specialty