MILE

MILE US Stock
$9.39
Open: $9.24 High: $10 Low: $9.01 Close: $9.37
Range: 2021-06-23 - 2021-06-24
Volume: 1,124,655
Market: Open
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MILE
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MILE News
Latest news about the MILE
  • ‘Shark Tank’ Judge’s SPAC in Talks to Merge With Insurer

    (Bloomberg) -- Home-coverage startup Kin Insurance is in talks to go public via Omnichannel Acquisition Corp., a special purpose acquisition company led by recurring “Shark Tank” guest judge Matt Higgins, according to people with knowledge of the matter.The combined entity is set to be valued at over $1 billion, one of the people said. Terms could change and as with all transactions that aren’t yet finalized, it’s possible talks could collapse. A deal, if agreed, could be announced next month, one of the people said.Representatives for Omnichannel and Kin declined to comment.Chicago-based Kin says it offers affordable coverage in “catastrophe-prone” regions including California, Florida and Louisiana directly to consumers online. It is led by co-founders Sean Harper, the chief executive officer, and Lucas Ward, who is president and chief technology officer.Kin raised $63.9 million in a recent funding round from investors including Senator Investment Group, Hudson Structured Capital Management, the University of Chicago’s startup investment program, Allegis NL Capital and Alpha Edison. Earlier backers include August Capital and Commerce Ventures.The insurer recently said it surpassed $100 million in annual recurring premium after just 21 months as a carrier in an industry that still sees more than 90% of home coverage sold through brick-and-mortar agencies.Omnichannel, led by Higgins -- an executive fellow at Harvard Business School -- in November raised $206.5 million in an initial public offering. The company’s website says it’s seeking a $1 billion to $2.5 billion acquisition, which it has defined in filings as including direct-to-consumer services. Beauty entrepreneur Bobbi Brown is on the SPAC’s board.Higgins is also CEO of RSE Ventures, an investment firm that has made bets on companies including David Chang’s Momofuku, Bluestone Lane and & Pizza on behalf of billionaire Stephen Ross. Higgins is also a vice chairman of the Miami Dolphins, of which Ross is a co-owner alongside Serena and Venus Williams, among others.Another so-called insuretech company, Hippo Enterprises Inc., in March agreed to go public via a SPAC. MetroMile Inc. in February became a public company after merging with a SPAC.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Metromile and Hippo Partner to Offer Consumers Protection for Home and Auto

    Leading insurtechs to provide consumers with increased convenience, flexibility and additional discounts with an auto and homeowners insurance bundleSAN FRANCISCO, May 17, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, and Hippo Insurance Services, a member of the Hippo group which is leading a new standard of care and protection for homeowners, today announced they will partner to offer consumers modern auto and homeowners insurance with a new multi-policy discount. Drivers and homeowners will be able to purchase pay-per-mile auto insurance and homeowners insurance from Metromile and Hippo, respectively, and save up to 15% on their auto and homeowners insurance policies when bundled. The combination of Hippo’s comprehensive home insurance policies with proactive protection and Metromile’s real-time, personalized auto insurance policies will bring consumers more ways to save on their premiums. Through the partnership, Metromile drivers and Hippo homeowners will be able to insure their home, personal belongings and vehicles and benefit from advanced smart devices and technology. “Offering choice and control are central to who we are and what drivers have come to expect from us. The addition of homeowners insurance through Hippo provides drivers with new options, greater flexibility and a new way to save,” said Metromile Chief Executive Officer Dan Preston. “We are excited to partner with Hippo, as they, too, are creating more value as a digital-first insurer using real-time data and technology to meet the needs of today’s consumers.” Hippo provides homeowners with access to smart home devices and a protective home insurance platform that better protects homes and offers access to premium discounts on home insurance policies. Home maintenance is a cornerstone of Hippo’s platform that includes smart home devices, homeowner education and proactive alerts enabled by AI and data. Consumers are increasingly choosing insurance companies based on customer experience and service. Insurance consumers rate digital features, including fully approved and settled claims and smart technologies highest, according to the 2020 J.D. Power auto and homeowners insurance studies. “We look forward to partnering with Metromile to offer our customers auto protection that’s blending the best of technology with top insurance coverages, just as we are on the home insurance side, to bring customers the best possible coverage and experience possible,” said Hippo President Rick McCathron. Drivers and homeowners will be able to bundle Metromile auto insurance with Hippo homeowners insurance in Arizona, California, Illinois, New Jersey, Oregon, Pennsylvania, Virginia and Washington state once the partnership launches. Later this year, the partnership will expand to additional states. Forward-Looking Statements The information in this press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “expect,” “possible,” “will,” or the negative of such terms or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding our expectation that we will expand our bundle to Metromile and Hippo customers to additional states and the expected benefits. Any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties, and assumptions about us that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activities, performance, or achievements expressed or implied by such forward-looking statements. These and other important factors are discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Registration Statement on Form S-1 and Current Report on Form 8-K, each filed with the Securities and Exchange Commission (the “SEC”) on February 12, 2021, and in our other filings with the SEC. While we may elect to update or revise such forward-looking statements at some point in the future, we disclaim any obligation to do so. About MetromileMetromile (NASDAQ: MILE, MILEW) 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’s reliance on approximations 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. For more information about Metromile, visit www.metromile.com and enterprise.metromile.com. About HippoHippo Insurance Services offers a different kind of home insurance, built from the ground up to provide a new standard of care and protection for homeowners. Our goal is to make homes safer and better protected so customers spend less time worrying about the burdens of home ownership and more time enjoying their homes and the life within. Harnessing real-time data, smart home technology, and a growing suite of home services, we are creating the first integrated home protection platform. Hippo is headquartered in Palo Alto, California, with offices in Austin and Dallas, Texas, and insurance products available to more than 70 percent of U.S. homeowners in 34 states. Hippo Insurance Services is a licensed property casualty insurance agent with products underwritten by various insurance companies. Products and discounts vary by state and may not be available in all states. For more information, including licensing information, visit www.hippo.com. Contacts Metromile Public RelationsRick Chenpress@metromile.com415-676-7744 Metromile Investor RelationsGarrett Edson ir@metromile.com 646-677-1889 Hippo Public RelationsCourtney Klostermanpress@hippo.com

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  • Metromile Announces First Quarter 2021 Results

    SAN FRANCISCO, May 17, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (“Metromile”) (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced financial results for the first quarter 2021 in its shareholder letter. The letter is accessible on Metromile’s investor relations website at ir.metromile.com. Metromile will hold a conference call to discuss the results at 5:00 pm ET / 2:00 pm PT. A live webcast of the conference call will be available on Metromile’s investor relations website at ir.metromile.com. The dial-in number for the conference call is (877) 407-0789 (toll-free) or (201) 689-8562 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available at ir.metromile.com for 90 days following the call. About Metromile Metromile (NASDAQ: MILE, MILEW) 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’s reliance on approximations 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. For more information about Metromile, visit www.metromile.com and enterprise.metromile.com. Contacts Investor Relations Garrett Edson, ICRir@metromile.com646-677-1889 Public Relations Rick Chen, Metromilepress@metromile.com 415-676-7744

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  • Metromile Inc to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / May 17, 2021 / Metromile Inc (NASDAQ:MILE) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 17, 2021 at 5:00 PM Eastern Time.To listen to the event live or access a replay of the call - visit https://www.

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  • Capital One Marketing Veteran Joins Metromile to Lead Growth and Nationwide Expansion

    Leading digital insurance platform to bring its pay-per-mile auto insurance to new states in 2021 Troy Dye, Senior Vice President, Growth, Metromile, Inc. Troy Dye is the senior vice president, growth at Metromile, Inc. SAN FRANCISCO, May 14, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced Capital One marketing veteran Troy Dye will join the company in the new role of Senior Vice President, Growth on May 24, 2021. He will oversee a fast-growing team of growth, acquisition, brand and marketing professionals as a member of the leadership team. Dye will be responsible for bringing Metromile’s vision of fairer and real-time insurance to more drivers at a time when consumers increasingly seek pay-per-mile auto insurance and greater flexibility and digital experiences from their insurer. “Having spent more than 20 years at Capital One, Troy stood out as a disciplined, data-driven marketer who balances growth and profitability,” said Metromile Chief Executive Officer Dan Preston. “Troy joins at a critical juncture as we rapidly scale the business in our existing footprint and lay the groundwork to bring Metromile to more than 100 million drivers nationwide. He is a hands-on team leader, strategist and operator, and I am confident he will drive our growth engine forward.” Dye has focused his marketing career transforming brands and marketing machines for large, data-driven and digital personal finance products. He was most recently Managing Vice President and Head of Card Marketing, Engagement and Insights for Capital One’s (NYSE: COF) domestic consumer credit card business. Previously, he held executive roles leading marketing for Capital One’s small business credit card and partnerships divisions and the brand strategy for the U.S. credit card business and the marketing team in Canada. He was also a Practice Manager for the small business practice at Corporate Executive Board, helping Fortune 500 companies effectively market to small business owners. “As a Metromile customer, I have seen firsthand how the company sets itself apart through its personalized experience and impactful savings,” said Dye. “I am thrilled to join Metromile as pay-per-mile auto insurance hits a tipping point, and I look forward to providing drivers a better value proposition and expanding our reach across the country.” Dye also serves on the board of directors of NextUp, a nonprofit organization focused on providing quality after-school programs for middle school students in Richmond, Virginia. He is an alumnus of the University of Virginia and the United States Naval Academy. Metromile will begin expanding nationwide in the second half of 2021. The digital insurance platform’s data from the first three months of 2021 indicates driving is returning to as much as 95% of pre-pandemic levels. Social trends, such as increased remote work and larger suburban and rural communities, point to a new normal with more Americans changing how they get around and becoming low-mileage drivers, looking for new ways to save. About MetromileMetromile (NASDAQ: MILE, MILEW) 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’s reliance on approximations 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. For more information about Metromile, visit www.metromile.com and enterprise.metromile.com. ContactsRick Chen, Metromilepress@metromile.com415-676-7744 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9d03a6fd-75af-4295-bd11-fce3f0cfd1e0

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  • Metromile to Participate in the 2021 Wells Fargo Virtual Financial Services Investor Conference

    SAN FRANCISCO, May 13, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (“Metromile”) (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced it will participate in the 2021 Wells Fargo Virtual Financial Services Investor Conference on Thursday, May 20, 2021. Metromile Chief Executive Officer Dan Preston will participate in a fireside chat at 2:40 pm ET / 11:40 am PT. A live webcast of the fireside chat will be accessible on Metromile’s investor relations website at ir.metromile.com. A replay of the fireside chat will also be accessible for a limited time on the website following the conference. About Metromile Metromile (NASDAQ: MILE, MILEW) 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’s reliance on approximations 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. For more information about Metromile, visit www.metromile.com and enterprise.metromile.com. Contacts Investor Relations Garrett Edson, ICRir@metromile.com646-677-1889 Public Relations Rick Chen, Metromilepress@metromile.com 415-676-7744

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  • How Much Of Metromile, Inc. (NASDAQ:MILE) Do Insiders Own?

    If you want to know who really controls Metromile, Inc. ( NASDAQ:MILE ), then you'll have to look at the makeup of its...

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  • Metromile to Report First Quarter 2021 Results on Monday, May 17, 2021

    SAN FRANCISCO, May 10, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (“Metromile”) (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced it will release its first quarter 2021 results after the market closes on Monday, May 17, 2021. Metromile will hold a conference call to discuss results at 5:00 pm ET / 2:00 pm PT on that day. A live webcast of the conference call will be available on Metromile’s investor relations website at ir.metromile.com. The dial-in number for the conference call is (877) 407-0789 (toll-free) or (201) 689-8562 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available at ir.metromile.com for 90 days following the call. About Metromile Metromile (NASDAQ: MILE, MILEW) 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’s reliance on approximations 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. For more information about Metromile, visit www.metromile.com and enterprise.metromile.com. Contacts Investor Relations Garrett Edson, ICRir@metromile.com646-677-1889 Public Relations Rick Chen, Metromilepress@metromile.com 415-676-7744

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  • Metromile Plans to Adopt Bitcoin to Offer Drivers More Choice

    Digital insurance platform will be the first to accept insurance premiums and pay insured claims in cryptocurrencySAN FRANCISCO, May 06, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced it will soon allow policyholders the option to pay for insurance and receive payment for eligible and approved insured claims in bitcoin or dollars. Metromile will be the first insurance company to both accept premiums and pay claims in cryptocurrency. Metromile will purchase $10 million of bitcoin in Q2 2021 to adopt cryptocurrency as an additional choice for insurance premiums and payment of claims. Metromile believes allowing cryptocurrency payments will support its commitment to fairer insurance and promote financial resilience for policyholders as cryptocurrency becomes mainstream and a more significant portion of consumers’ assets. “Metromile gives drivers control over how they want to pay for insurance. We started by giving drivers an opportunity to save 47% a year by paying per mile, and now we want to offer people the flexibility to pay and be paid how they want,” said Metromile Chief Executive Officer Dan Preston. Drivers pay only for what they use with Metromile’s real-time, personalized auto insurance policies priced and billed by the mile. Claims are handled quickly, and in many cases, are fully automated. Metromile continues to add new features to its digital insurance platform to give drivers more choice and flexibility to complement their lifestyle and individual needs. As part of its commitment to being a responsible steward for its customers and shareholders, Metromile will be working closely with regulators to satisfy any concerns, with the goal of serving policyholders’ increasing interest for more payment options and faster claims resolution. “We believe in the transformative potential of blockchain technology. We are still in the early days of realizing how this shift to decentralized finance and cryptocurrency will create enduring advantages in insurance, but we believe that offering bitcoin as an option for premium and claims payments would be an important first step,” added Preston. “Technology has always led our work at Metromile, and the rapid change in financial infrastructure being realized now must be embraced as we chart our course for the decades ahead.” About MetromileMetromile (NASDAQ: MILE, MILEW) 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’s reliance on approximations 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. For more information about Metromile, visit www.metromile.com and enterprise.metromile.com. ContactsRick Chen, Metromilepress@metromile.com415-676-7744

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  • Metromile Names Regi Vengalil Chief Financial Officer

    Regi Vengalil Regi Vengalil, Chief Financial Officer of Metromile, Inc. SAN FRANCISCO, April 22, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced Regi Vengalil will join the company as Chief Financial Officer on May 24, 2021. Vengalil will be responsible for Metromile’s financial management, including financial planning and operations, treasury, investor relations, reinsurance and corporate development. He will play a critical role in advancing Metromile’s continued growth strategies and focus on ensuring the strength of the company’s balance sheet and delivering sustainable and profitable unit economics. “Regi has an impressive track record as a financial steward, corporate development strategist and operations executive. With his financial expertise and leadership, we are primed to enhance our unit-economic advantage and rapidly scale our business,” said Metromile Chief Executive Officer Dan Preston. “As a Metromile customer for six years, I have experienced firsthand the value Metromile can bring to drivers through fairer prices, fast claims resolution and a better experience. Dan and the team have made insurance real-time, individualized and fairer, and they are working to build a more engaging and profitable insurance enterprise,” said Vengalil. “I am eager to help Metromile expand its mass appeal and further position us to rapidly and profitably grow our business and deliver long-term shareholder value.” Vengalil most recently served as CFO of Egencia, Expedia Group’s (NASDAQ: EXPE) corporate travel division, where he led the global finance team of more than 100 professionals and was responsible for the division’s financial planning and operations, controllership and commercial finance. Before becoming CFO of Egencia, he also served as a member of Expedia Group’s executive team as global head of corporate development and strategy. Before joining Expedia Group, he was head of strategy, mergers and acquisitions, and business operations at LendingClub (NYSE: LC). Earlier in his career, he led teams advising financial services and travel firms on growth strategies at McKinsey & Company. He is also currently a member of the board of directors of Porch Group (NASDAQ: PRCH), a home services vertical software company. Vengalil holds a master of business administration and bachelor of science in economics; both earned with honors from the Wharton School of the University of Pennsylvania. About MetromileMetromile (NASDAQ: MILE, MILEW) 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’s reliance on approximations 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. For more information about Metromile, visit www.metromile.com and enterprise.metromile.com. Contacts Investor Relations Garrett Edson, ICRir@metromile.com646-677-1889 Public Relations Rick Chen, Metromilepress@metromile.com415-676-7744 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ebd8d0d5-51f5-4e0e-a6b8-828081b9876f

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  • Metromile Announces Fourth Quarter and Full Year 2020 Results

    SAN FRANCISCO, March 30, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (“Metromile”) (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced financial results of Metromile Operating Company (formerly MetroMile, Inc.) for the fourth quarter and full year 2020 in its shareholder letter. The letter is accessible on Metromile’s investor relations website at ir.metromile.com. Metromile will hold a conference call to discuss the results at 5:00 pm ET / 2:00 pm PT. A live webcast of the conference call will be available on Metromile’s investor relations website at ir.metromile.com. The dial-in number for the conference call is (877) 407-0789 (toll-free) or (201) 689-8562 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available at ir.metromile.com for 90 days following the call. About Metromile Metromile (NASDAQ: MILE, MILEW) 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. For more information about Metromile, visit www.metromile.com and enterprise.metromile.com. Contacts Investor Relations Garrett Edson, ICRir@metromile.com646-677-1889 Public Relations Rick Chen, Metromilepress@metromile.com 415-676-7744

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  • Metromile to Report Fourth Quarter and Full Year 2020 Results on Tuesday, March 30, 2021

    SAN FRANCISCO, March 16, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (“Metromile”) (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced it will release its fourth quarter and full year 2020 results after the market closes on Tuesday, March 30, 2021. Metromile will hold a conference call to discuss results at 5:00 pm ET / 2:00 pm PT on that day. A live webcast of the conference call will be available on Metromile’s investor relations website at ir.metromile.com. The dial-in number for the conference call is (877) 407-0789 (toll-free) or (201) 689-8562 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available at ir.metromile.com for 90 days following the call. About Metromile Metromile (NASDAQ: MILE, MILEW) 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. For more information about Metromile, visit www.metromile.com and enterprise.metromile.com. Contacts Investor Relations Garrett Edson, ICRir@metromile.com646-677-1889 Public Relations Rick Chen, Metromilepress@metromile.com 415-676-7744

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  • Metromile Appoints Junna Ro as General Counsel

    Former AAA insurer chief ethics and compliance officer and Symantec corporate counsel joins leading digital insurance platform Junna Ro Junna Ro is the general counsel at Metromile. SAN FRANCISCO, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced insurance industry veteran Junna Ro joined the company as general counsel. In her role, Ro oversees a growing team of legal, regulatory and compliance professionals as a member of the leadership team. “Junna joins Metromile as we prepare to bring our personalized, digital insurance nationwide as a new public company. I believe Junna’s leadership will help us make auto insurance fairer and more widely available so more people can benefit from an exceptional customer experience and greater control over what they pay,” said Metromile CEO Dan Preston. “And as a passionate advocate for diversity and inclusion, she has dedicated her career to giving people a voice. We are committed to having a diverse and inclusive workforce that reflects our communities, and I am confident she will help us make an impact both internally and within the industry.” “I have watched Metromile change the industry by making auto insurance more accessible for more people, and I cannot wait to help bring personalized insurance to more drivers,” said Ro. Ro joins Metromile with more than 15 years of experience in the insurance industry at CSAA Insurance Group, a AAA insurer and one of the top 20 personal lines property and casualty insurance groups in the U.S. She was vice president, chief ethics and compliance officer and associate general counsel, responsible for the corporate compliance and ethics, privacy, product forms and employment law functions. Ro also served as corporate counsel at Symantec and its predecessor VERITAS Software for seven years. She sits on the Asian Pacific Fund’s advisory council. Previously, she served on the board of directors of the Bay Area Ethics and Compliance Association and the Korean American Bar Association of Northern California and as co-chair and founding member of the National Association for Diversity in Compliance. Ro is an alumna of Santa Clara University School of Law and University of California, Los Angeles. About MetromileMetromile 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. For more information about Metromile, visit www.metromile.com and enterprise.metromile.com. Contact Rick Chen, Metromilepress@metromile.com415-676-7744 Photo available: https://www.globenewswire.com/NewsRoom/AttachmentNg/d76f79aa-b296-4070-af30-56496b76ecaf

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  • The Bancorp Founder Betsy Cohen Joins Metromile, Inc. Board of Directors

    SAN FRANCISCO, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced that Betsy Cohen, the founder of The Bancorp, joined the company’s board of directors. “Betsy is a world-class financial service, investing and insurance executive, and we are thrilled to have someone of her stature supporting Metromile,” said Metromile Founder and Executive Chairman David Friedberg. “We could not welcome a more seasoned industry leader to our board of directors to help us up-end the industry.” “I believe Metromile is doing what no one else can in the insurance industry: By building for each individual instead of rough classes or proxy groups, Metromile created a business with unmatched unit economics and most importantly, mass appeal and staying power with consumers,” said Cohen. “I believe that Metromile is bound for substantial scale as one of the only insurers leading the way toward the autonomous future, creating insurance that is fairer and provides more value.” “I am delighted to have Betsy join Metromile,” said Metromile Chief Executive Officer Dan Preston. “She built and popularized technology that powers some of the most iconic fintech brands and has unmatched financial services and insurance experience. Already, she has provided invaluable support to support our long-term plans as a new public company.” Cohen is currently the chairman of the board of directors of FinTech Acquisition Corp. III, FinTech Acquisition Corp. IV and FTAC Olympus Acquisition Corp, and previously served as chairman of FinTech Acquisition II’s board of directors. She also previously served as a director of FinTech Acquisition Corp. I and its successor, Card Connect Corp. — a provider of payment processing solutions to merchants, and as chairman and CEO of FinTech Acquisition Corp. I. Cohen also served as CEO of The Bancorp and its wholly owned subsidiary, Bancorp Bank, and chairman of Bancorp Bank. She was also chairman of the board of trustees of RAIT Financial Trust, a real estate investment trust, from its founding in 1997 and RAIT’s CEO from 1997 to 2006. Additionally, Cohen was chairman and CEO of JeffBanks, Inc., and served as chairman and CEO of each of its subsidiaries, Jefferson Bank, which she founded in 1974, and Jefferson Bank New Jersey, which she founded in 1987. Cohen also served as a director of Aetna, Inc. from 1994 until 2018. Cohen is joined by Friedberg, Preston, Ryan Graves, the founder and CEO of Saltwater and former senior vice president, global operations of Uber Technologies, Inc.; Colin Bryant, an operating partner of venture capital firm of New Enterprise Associates, Inc.; and Vikas Singhal, a partner of Hudson Structured Capital Management Ltd., on Metromile’s board of directors. About MetromileMetromile 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. For more information about Metromile, visit www.metromile.com and enterprise.metromile.com. Contacts Investor Relations Garrett Edson, ICRir@metromile.com646-677-1889 Public Relations Rick Chen, Metromilepress@metromile.com415-676-7744

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