Lemonade has continued to soar with excellent Q3 results, featuring an acceleration in in-force premium growth rates. The company's diversification into pet and car insurance, plus European expansion, enhances its resilience and growth potential. Gross loss ratios continue to trend downward, and we note as well that the company has no exposure to Florida.
The insurance disruptor spiked after earnings, but is there more upside ahead?
The stock is climbing, and this time, it might stick.
This insurance technology powerhouse was using artificial intelligence long before the hype gripped Wall Street.
Lemonade looks to have fixed a huge problem.
According to Moody's RMS data, the combined insured losses from Hurricanes Helene and Milton are estimated to range from $35-55 billion. CoreLogic data indicates 32.7 million residential properties remain at risk of hurricane damage.
Today's Overlooked Stock focuses on Lemonade (LMND), an insurance company that utilizes A.I. George Tsilis says the company highlights a unique trend in the insurance industry.
Another big milestone has been reached.
Lemonade, Inc. is an innovative digital-only insurer. The author previously provided readers with a profitable trade on Lemonade earlier this year. LMND is buying their customers.
Lemonade, Inc. (NYSE:LMND ) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Yael Wissner-Levy - Vice President of Communications Daniel Schreiber - Co-Founder & Chief Executive Officer Shai Wininger - President & Co-Founder Tim Bixby - Chief Financial Officer Conference Call Participants Jack Matten - BMO Jason Helfstein - Oppenheimer Tommy McJoynt - KBW Andrew Stein - FT Partners Charlie Rodgers - Jefferies Matt Smith - Halter Ferguson Financial Operator Hello and welcome everyone to the Lemonade Q3 2024 Earnings Call. My name is Maxine and I'll be coordinating today's call.
The headline numbers for Lemonade (LMND) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Lemonade (LMND) came out with a quarterly loss of $0.95 per share versus the Zacks Consensus Estimate of a loss of $1.02. This compares to loss of $0.88 per share a year ago.