Metromile is a leading digital insurance platform in the United States. With data science as its foundation, Metromile offers real-time, personalized auto insurance policies by the mile, instead of the industry standard approximations and estimates that have historically made prices unfair. Metromile's digitally native offering is built around the modern driver's needs, featuring automated claims, complimentary smart driving features and annual average savings of 47% over what they were paying their previous auto insurer.
In addition, through Metromile Enterprise, it licenses its technology platform to insurance companies around the world. This cloud-based software as a service enables carriers to operate with greater efficiency, automate claims to expedite resolution, reduce losses associated with fraud, and unlock the productivity of employees.
Company profile
Ticker
MILE, MILEW
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
INSU Acquisition Corp. II
SEC CIK
Corporate docs
IRS number
844916134
MILE stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
8 Aug 22
S-8 POS
Registration of securities for employees (post-effective amendment)
3 Aug 22
25-NSE
Exchange delisting
28 Jul 22
8-K
Lemonade Completes Acquisition of Metromile
28 Jul 22
10-K/A
2021 FY
Annual report (amended)
28 Jul 22
8-K
Other Events
14 Jun 22
10-Q
2022 Q1
Quarterly report
10 May 22
8-K
Results of Operations and Financial Condition
10 May 22
EFFECT
Notice of effectiveness
22 Mar 22
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 116.32 mm | 116.32 mm | 116.32 mm | 116.32 mm | 116.32 mm | 116.32 mm |
Cash burn (monthly) | 15.83 mm | 14.89 mm | 11.48 mm | 14.21 mm | 9.33 mm | 7.81 mm |
Cash used (since last report) | 392.36 mm | 369.05 mm | 284.54 mm | 352.15 mm | 231.11 mm | 193.56 mm |
Cash remaining | -276.04 mm | -252.74 mm | -168.22 mm | -235.83 mm | -114.79 mm | -77.24 mm |
Runway (months of cash) | -17.4 | -17.0 | -14.6 | -16.6 | -12.3 | -9.9 |
Institutional ownership, Q2 2022
54.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 84 |
Opened positions | 12 |
Closed positions | 36 |
Increased positions | 16 |
Reduced positions | 31 |
13F shares | Current |
---|---|
Total value | 65.60 mm |
Total shares | 71.03 mm |
Total puts | 86.20 k |
Total calls | 50.30 k |
Total put/call ratio | 1.7 |
Largest owners | Shares | Value |
---|---|---|
Insurance Acquisition Sponsor II | 9.62 mm | $0.00 |
NEA Management | 9.38 mm | $8.61 mm |
Index Venture Associates V | 7.29 mm | $6.69 mm |
Index Ventures V | 7.29 mm | $15.97 mm |
Hudson Structured Capital Management | 7.27 mm | $6.67 mm |
Magnetar Financial | 6.28 mm | $5.77 mm |
Ergoteles | 3.03 mm | $2.78 mm |
Vanguard | 2.96 mm | $2.71 mm |
GS Goldman Sachs | 2.28 mm | $2.09 mm |
Sarissa Consulting | 1.57 mm | $1.44 mm |