Editor at Coverager
The subscription includes free travel insurance.
The company generated $928 million in net income.
The carrier reported a net underwriting loss of $20 million for the year.
The startup offers coverage in 24 states.
Progressive participated in the round.
Rocket expects the combined company to achieve more than $200 million in run-rate synergies by 2027.
The reciprocal reported a net underwriting loss of $57 million.
Odeko has more than 14,000 customers.
Policies in California are marketed and distributed through Kin Insurance Services.
The company owns three licensed carriers.
The carrier posted a net underwriting loss of $58 million.
The company claims to manage over 300,000 moves in the UK, close to 10% of the UK market.
Root's cash, cash equivalents and restricted cash at end of year stood at $600 million.
State Farm General has paid out $1.75 billion on approximately 9,500 claims.
Lemonade estimates that the impact of the CA wildfires on its Q1 2025 results will result in ~$45 million in gross losses.