MetroMile is a digital insurance platform, providing products to auto insurance customers in the U.S. and auto insurance companies in the U.S. and globally. Co. launched Ride Along to help prospects understand if they are a fit for per-mile, and to provide additional savings to prospects by demonstrating that they are also safe drivers. Metromile Enterprise is a cloud-based enterprise software offering for third party insurance carriers that was built on top of Co.'s automated claims technology. The service helps carriers automate the claims processes for both customers and claims agents while reducing the cost of fraudulent claims through fraud detection features. The MILE average annual return since 2020 is shown above.
The Average Annual Return on the MILE average annual return since 2020 page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether MILE average annual return since 2020 or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the MILE average annual return calculation with any dividends reinvested as applicable (on ex-dates).
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