LMND's $1.16B in-force premium growth boosts efficiency and leverage, with more gains expected in 2026.
Shares of Lemonade Inc. LMND have skyrocketed 96.7% year to date, outperforming the industry's increase of 12.4%, the Finance sector's rise of 14.6% and the Zacks S&P 500 composite's gain of 18.5% in the said time frame. Lemonade offers renters, homeowners, pet, car and life insurance backed by artificial intelligence and behavioral economics.
Lemonade is defying skeptics, posting strong growth and leveraging AI to control costs and boost operational leverage. The company's Q3 FY2025 results showed 42% revenue growth and a 14-point gross margin expansion to 41%, signaling a shift toward profitable growth. Management expects positive EBITDA by Q4 2026 and aims for GAAP profitability by Q4 2027, improving investor sentiment and laying the groundwork to attract value investors.
| - Industry | - Sector | Daniel Asher Schreiber CEO | XFRA Exchange | US52567D1072 ISIN |
| US Country | 1,235 Employees | - Last Dividend | - Last Split | 2 Jul 2020 IPO Date |
Lemonade, Inc. is an innovative insurance provider that extends its reach across the United States, Europe, and the United Kingdom. Known for its diverse range of insurance products, Lemonade, Inc. serves its customers through multiple channels, ensuring ease of access and convenience. The company stands out for its commitment to protecting customers from various risks including theft, damage, and personal liability. Originally named Lemonade Group, Inc., the company underwent a rebranding to Lemonade, Inc. Establishing its roots in 2015, it is headquartered in New York, New York. Further distinguishing itself in the market, Lemonade, Inc. also functions as an agent for other insurance carriers, broadening its portfolio and service offerings.
In addition to these primary offerings, Lemonade, Inc. operates as an agent for other insurance companies, further expanding its range of available insurance products to meet the needs of a broader customer base. This dual role enhances its ability to provide comprehensive coverage and customized insurance solutions.