Lemonade Just Announced That It Has Crossed A Significant Hurdle In Its Quest To Become A Major Player In The Auto Insurance Market.

Lemonade Has Gained Traction In Renters, Homeowners, And Pet Insurance. Lemonade Car's First Distribution Has Been Gradual, Despite Being The Company's Most Attractive Insurance Service.

Lemonade Acquired Metromile In An All-Stock Deal Last November To Boost Its Vehicle Insurance Business.

After Nine Months, Metromile Joined Lemonade Officially. Explain Why Investors Should Care And What The Future Holds For Lemonade.

Metromile Gives Lemonade An Extra $110 Million In Car Insurance Premiums And $155 Million In Cash.

Lemonade Paid $145 Million In Stock For The Acquisition, Making This A Tremendous Deal Already.

The Auto Insurance Business That Lemonade Is In Looks Good. A Year Ago, The Company Thought That Its Customers Spent $1 Billion On Auto Insurance.

After Buying The $110 Million In In-Force Premium From Metromile, Lemonade Now Has $530 Million In In-Force Premium.

In Other Words, If Its Current Customers Buy Auto Insurance From Lemonade, It Could Triple Its Size.

Auto Insurance Is More Expensive Than The Main Things That Lemonade Sells. Auto Insurance In The U.S. Costs 10 Times More Than Rental Insurance, Which Is Lemonade's Main Product.