Lemonade, Metromile, EIS – “one of the best insurance deals in 2022”

Insurtech giant Lemonade officially closed its acquisition of pay-per-mile auto insurer Metromile on July 28, 2022, gaining over $155 million in cash, over $110 million in car premiums, a technology-driven insurance entity with 49 state licenses, and precision data from 500 million car trips.