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In 2022, it acquired Metromile in an all-stock deal to accelerate the expansion of its auto coverage. Like its industry peers, it offered discounts for customers who bundled their policies ...
Metromile, Inc. is a San Francisco-based technology start-up that offers pay-per-mile car insurance, licenses a digital insurance platform to insurance companies around the world, and provides a digitally native offering featuring smart driving features, automated claims, and vehicle information. In July 2022, Lemonade, Inc. acquired the company.
Data source: Lemonade. Lemonade's top-line growth slowed even as it rolled out new insurance products and acquired Metromile in 2022 to accelerate the expansion of Lemonade Auto.
In November 2021, the company announced that it would fully acquire Metromile, Inc. [22] The acquisition completed on July 29, 2022, following which Lemonade laid off 20% of Metromile's staff. [23] Metromile has experienced a noticeable premium decline ever since Lemonade completed the acquisition in July 2022.
Lemonade has soared more than 70% since it reported well-received Q3 financial results on Oct. 30 (as of Nov. 14). The artificial intelligence (AI)-powered insurance business is aiming to disrupt ...
The company made its first acquisition on March 2, 1988, with its purchase of Network Innovations. In 2013, Apple acquired thirteen companies. Apple's largest acquisition was that of Beats Electronics in August 2014 for $3 billion. [7] Of the companies Apple has acquired, 71 were based in the United States.
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Kick – produced by Royal Crown Company, Inc. and developed in 1965, it was discontinued in North America in 2002 when Royal Crown was acquired by Cadbury Schweppes plc through its acquisition of Snapple. [4] [5] Summit Citrus Twist – a clear lemon and lime flavored soda sold in the United States by Aldi; Up-Rite – Made by the ShopRite ...