NEW YORK--(BUSINESS WIRE)--Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, today announced that Chief Financial Officer, Tim Bixby, is scheduled to present at The Citizens Technology Conference in San Francisco on Tuesday, March 3, 2026, at 9:30 AM PST, and will also hold investor meetings at the event. Mr. Bixby's presentation will be live via webcast, and will be available for 90 days after the broadcast. Register to view the webcast via the following lin. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to Commission file number: 001-39367 Lemonade, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 32-0469673 (I.R.S. Employer Identification No.) 5 Crosby Street, 3rd Floor New York, New York 10013 (Address of principal ...

Lemonade Inc (NYSE:LMND) stock is down 1.2% to trade at $49.89 at last glance, on track for its fourth-straight loss after yesterday recording its worst single-day percentage drop since April. Though the insurance company last week announced narrower-than-expected losses for the fourth quarter thanks to strong underwriting, the stock shedding 11.9%% and hitting its lowest level since October. This pullback has a silver lining, however, as LMND is now testing a trendline with historically bullish implication ...

The pervading fear that is ripping throughout the markets in early 2026 is that AI is out to steal the rug from under many established businesses. Investors have raced to buy "old economy" stocks like energy companies and basic materials companies that areWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has b ...

The pervading fear that is ripping throughout the markets in early 2026 is that AI is out to steal the rug from under many established businesses. Investors have raced to buy "old economy" stocks like energy companies and basic materials companies that areWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has b ...

Key Takeaways LMND posted a narrower Q4 loss of 29 cents per share as revenues jumped 53% year over year.LMND saw in-force premium rise 31% and gross profit surge 73% on stronger underwriting.Lemonade guided 2026 revenues of $1.19B and expects further premium growth despite EBITDA loss.Lemonade, Inc. (LMND) reported a fourth-quarter 2025 net loss of 29 cents per share, narrower than the Zacks Consensus Estimate of a loss of 41 cents. The figure improved from a loss of 42 cents in the prior-year quarter, pri ...

Company Overview - Berkshire Hathaway is a holding company with a market cap of $1.1 trillion, owning around 190 companies and a $320 billion equity portfolio [2][3] - It is one of the largest companies globally and has a significant presence in the insurance industry, owning GEICO and other insurance products [3] Industry Dynamics - The insurance sector is facing disruption from digital insurance companies like Lemonade, which are growing rapidly compared to traditional insurers [4][6] - Lemonade's platform is designed as a connected ecosystem, giving it an edge over legacy insurers in terms of agility and data utilization [7] Financial Performance - Lemonade reported a 31% year-over-year increase in in-force premium in the fourth quarter of 2025, with an adjusted EBITDA loss reduced to $5 million [8] - Management projects Lemonade will achieve profitability on an adjusted EBITDA basis this year and expects to reach positive net income next year [7] Market Position - Lemonade is appealing to a younger demographic, positioning itself for growth as these customers enter major life stages like home and car ownership [7] - Despite its smaller size, Lemonade is seen as a potential growth stock, contrasting with Berkshire Hathaway's established model [12] Investment Considerations - While Lemonade presents a growth opportunity, it operates under a different model than Berkshire Hathaway, which has a more diversified portfolio [11] - Investors may consider Lemonade for growth potential, especially if they have a long-term investment horizon and a higher risk appetite [12]

Core Insights - A significant portion of industry insiders, nearly one-third, believe that insurtechs will pose the greatest challenge to traditional insurers in the coming years, surpassing existing competitors, Big Tech, banks, and new entrants [1] Group 1: Insurtechs and Industry Dynamics - Insurtechs have generally collaborated with leading insurers rather than directly competing, focusing on areas like IoT integration and AI implementation [2] - The high barriers to entry in the insurance industry include regulatory challenges, brand recognition, trust issues, and the need for substantial liquid capital [2] - Insurtechs are perceived as a growing threat due to their specialized expertise and the digital capabilities of Big Tech companies, which have high consumer trust [3] Group 2: Market Impact of Insurtechs - Lemonade has emerged as a leading player in the property and casualty market, expanding into pet insurance and European markets, and is recognized for its AI adoption and customer service [4] - Insurtechs like Lemonade are reshaping consumer expectations, particularly among younger demographics, which may render traditional insurers as outdated [4] - While insurtechs may not threaten the entire insurance portfolio, specialized offerings such as renters' insurance and usage-based motor insurance can diversify options for consumers and erode market share from incumbents [5]

Financial Performance - For the quarter ended December 2025, Lemonade reported revenue of $228.1 million, which is a 53.3% increase compared to the same period last year [1] - The earnings per share (EPS) was -$0.29, an improvement from -$0.42 in the year-ago quarter [1] - The reported revenue exceeded the Zacks Consensus Estimate of $216.67 million by 5.28% [1] - The company delivered an EPS surprise of 28.97%, with the consensus EPS estimate being -$0.41 [1] Key Metrics - In force premium at the end of the period was $1.24 billion, slightly above the average estimate of $1.22 billion [4] - Premium per customer at the end of the period was $414.00, compared to the average estimate of $406.54 [4] - The number of customers at the end of the period was 2,984,513, which is below the average estimate of 3,008,014 [4] - The net loss ratio was 53%, better than the average estimate of 62.1% [4] - The gross loss ratio was 52%, compared to the average estimate of 61.8% [4] Revenue Breakdown - Total revenue from net investment income was $9.2 million, below the average estimate of $10.4 million, representing a 2.1% decrease year over year [4] - Total revenue from ceding commission income was $33.2 million, exceeding the average estimate of $30.64 million, reflecting a 12.2% year-over-year increase [4] - Total revenue from commission and other income was $6.2 million, significantly lower than the average estimate of $12.77 million, indicating a 27.9% decrease year over year [4] - Total revenue from net earned premium was $179.5 million, surpassing the average estimate of $162.87 million, marking a 77.4% increase year over year [4] Stock Performance - Shares of Lemonade have returned -23% over the past month, while the Zacks S&P 500 composite changed by -0.8% [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]

Financial Data and Key Metrics Changes - In-force premium grew to $1.24 billion, up 31% year-over-year, marking nine consecutive quarters of accelerating growth [5][11] - Revenue increased by 53% to $228 million, significantly outpacing in-force premium growth [13] - Gross profit rose 73% year-over-year to a record $111 million, with adjusted gross profit increasing 69% to $112 million [6][12] - Adjusted EBITDA loss narrowed to $5 million, representing a $19 million improvement year-over-year [6][17] - Positive adjusted free cash flow of $37 million was generated in Q4, marking the second consecutive year of cash reserve growth [6][14] Business Line Data and Key Metrics Changes - Customer growth was 23%, with approximately 550,000 new customers added in 2025, a 35% increase from the previous year [11] - Gross loss ratio reported at 52%, with favorable prior period development contributing positively [11] - Annual Dollar Retention (ADR) remained stable at 85%, indicating effective customer retention efforts [14] Market Data and Key Metrics Changes - Pet and Car insurance segments are experiencing hypergrowth, with in-force premium growth in the 50s and Europe in the triple digits [7][20] - The Autonomous Car insurance product is positioned to leverage telematics for precise risk assessment and pricing [9][10] Company Strategy and Development Direction - The company is focused on leveraging AI technologies to enhance go-to-market operations, pricing, and cross-selling capabilities, aiming for a durable competitive advantage [7][8] - The launch of the Lemonade Autonomous Car product is a strategic initiative to adapt to the evolving insurance landscape as vehicles become increasingly autonomous [9][10] - The company plans to continue diversifying growth drivers, reducing reliance on any single segment or product line [20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about achieving EBITDA profitability in Q4 2026 and for the full year of 2027, with a continued focus on maintaining a solid LTV to CAC ratio [6][17][38] - The company anticipates significant investments in R&D and technology development to enhance operational efficiency and customer experience [31][32] - Management believes that the evolving insurance landscape presents limitless market opportunities despite potential market contractions due to AI advancements [24][25] Other Important Information - The company ended the quarter with approximately $1.1 billion in cash and investments, with $250 million required as regulatory surplus [14] - Operating expenses increased by 24% year-over-year, primarily due to growth spending, while maintaining stable marketing efficiency [15][16] Q&A Session Summary Question: Improvement in marketing efficiency and implications for 2026 - Management indicated that Q4 performance reflects a strategy to reinvest marketing efficiency into growth while maintaining a solid LTV to CAC ratio [26][28] Question: Target for premiums to surplus and operational leverage - Management expects to maintain a capital-light structure with sufficient surplus to support ambitious growth rates through 2027 and beyond [36][38][39] Question: Integration of AI tools like ChatGPT in policy binding - The company currently utilizes its own AI for customer interactions but has not launched a ChatGPT interface yet [42][46] Question: Future of car insurance pricing models - The company envisions a mix of variable and fixed pricing models for car insurance, leveraging real-time data for precise pricing [48][49] Question: Strategic initiatives for cross-selling and home insurance growth - Cross-selling remains a key focus, with over 5% of customers holding multiple policies, contributing significantly to in-force premium [52][55]