Lemonade Community

Lemonade Looks Fresh(er) - November 2024 Lemonade reported in-force premiums of $889 million, up 24% year over year and higher by nearly 50% since mid-2022. The company now has 2.31 million customers, up 17% from year-ago levels, and gross profit climbed 71%.

Key Takeaways Investment in growth and car insurance expansion may pressure net margins short-term but aims for long-term revenue and profitability gains. AI and strategic underwriting could improve efficiency despite initial costs, while a focus on achieving positive EBITDA may strain near-term margins.