Just Insure reports Q3 results

Just Insure, the carrier offering pay-per-mile car insurance, has released its financial results for Q3 2025.

The carrier reported $8.6 million in written premiums during the first nine months of the year, a 37% increase compared to the same period last year.

Net underwriting loss for the first nine months was $750k, slightly higher than the first nine months of 2024.

The carrier offers coverage in Arizona and it began writing in Nevada in the previous quarter.

The company disclosed that in July 2025, it entered into an arrangement with digital insurance broker Insurify, which became its first third-party producer. Under the arrangement, Insurify receives a 20% commission on earned premium for business generated through its platform.

In April, we reported that the parent of Just Insure was provisionally targeting a $30 million raise during Q2 2025. According to the latest filing, The parent is currently in the process of a new bridging round, looking to raise around $8 million in new capital via convertible loan notes. At the time of filing around $6.5 million has been received.