Lemonade to Acquire Metromile
Lemonade will acquire auto insurer Metromile in an all-stock transaction for just over $200 million net of cash.

Lemonade will acquire auto insurer Metromile in an all-stock transaction for just over $200 million net of cash.
The acquisition will allow SafeAuto to grow its platform in the non-standard space. Additionally, Progressive finalized the acquisition of transportation insurer Protective Insurance Corp. ahead of schedule.