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You are here: Home / News / Lemonade Completes Acquisition of Metromile

Lemonade Completes Acquisition of Metromile

July 28, 2022 By CollisionWeek Editor

Lemonade (NYSE:LMND) announced the closing of its previously announced acquisition of car insurance provider Metromile. Metromile shareholders received 7.3 million LMND shares, while Lemonade received a business with over $155 million in cash, over $110 million in premiums, an insurance entity licensed in 49 states, and a team unsurpassed in harnessing precision data for auto insurance.

“We launched Lemonade Car a few months ago, and believe it’s the most delightful product on the market. We also believe auto insurance is challenging for newcomers and disadvantaged by a lack of data which is why we bought Metromile,” said Shai Wininger,

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Filed Under: News Tagged With: Acquisitions, Lemonade, Metromile

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