Welcome to our dedicated page for Lemonade news (Ticker: LMND), a resource for investors and traders seeking the latest updates and insights on Lemonade stock.
Lemonade, Inc. (LMND) is a forward-thinking insurance company transforming the conventional insurance landscape through the power of technology and social responsibility. As a licensed insurance carrier, Lemonade offers homeowners and renters insurance enhanced by artificial intelligence (AI) and behavioral economics. The company's innovative approach eliminates the need for brokers and paperwork, replacing them with bots and machine learning for a seamless and efficient user experience.
Operating across multiple states including California, Texas, New York, New Jersey, Illinois, Georgia, Washington, Colorado, Pennsylvania, and Oregon, Lemonade's platform ensures transparency in issuing policies, settling claims, and paying premiums. This digital-first strategy not only simplifies the process but also aims to make insurance both delightful and affordable.
Lemonade is a certified B-Corp, committed to social good. Its unique model channels underwriting profits to non-profits, redefining insurance from a necessary evil to a positive force in society. By leveraging modern technology, data analytics, contemporary design, and a strong social impact agenda, Lemonade is reshaping the insurance industry for the better.
With recent advancements and projects continually pushing the envelope, Lemonade remains at the forefront of the insurtech sector. The company's commitment to innovation, customer satisfaction, and social responsibility makes it a significant player in today's market.
Stay updated with the latest news and developments from Lemonade to understand the company's performance and strategic direction.
Lemonade (NYSE: LMND) announces its upcoming Investor Day on November 19, 2024, in New York City. The event will detail the company's strategy to increase its in force premium from an estimated $1 billion next quarter to $10 billion. Management will present strategic expansion plans, showcase Lemonade's AI capabilities, and explain how they achieved cashflow positivity in Q3, with expected Adjusted EBITDA profitability in 2026. The event will be accessible both in-person (by invitation) and virtually through a live webcast.
Lemonade (NYSE: LMND) announced its Q3 2024 financial results and appointed Maria Angelidou-Smith to its Board of Directors, effective October 31, 2024. Angelidou-Smith, currently Chief Product and Technology Officer at Personio, brings extensive experience in product innovation and team scaling. She replaces departing Director Mwashuma Nyatta, who served since 2018. The company will host a conference call on October 31, 2024, to discuss results and will hold an in-person Investor Day on November 19, 2024, in New York City.
Lemonade (NYSE: LMND) has announced it will release its third quarter 2024 financial results on Wednesday, October 30, 2024, after market close. The company will host a conference call on Thursday, October 31, 2024, at 8:00 am Eastern time to discuss the results. Shareholders can register for the call or dial in using the provided toll-free numbers.
Additionally, Lemonade is offering a Q&A platform through Say Technologies, where shareholders can submit and upvote questions from October 23, 2024, at 9:00 am ET until October 30, 2024, at 7:00 pm ET. A live webcast of the conference call will be available on the Lemonade Investor Relations website, with a replay accessible after the call.
Lemonade, the AI-powered digital insurance company, has announced its participation in Oppenheimer's 27th Annual Technology, Internet & Communications Conference. Tim Bixby, Lemonade's Chief Financial Officer, is set to present at the event. The presentation will take the form of a virtual fireside chat, scheduled for Monday, August 12 at 2:55 pm ET.
This conference appearance provides an opportunity for Lemonade to showcase its innovative approach to insurance and highlight its growth strategies to investors and industry professionals. As a company known for leveraging AI and promoting social impact, Lemonade's participation in this tech-focused conference aligns with its positioning in the insurtech sector.
Lemonade, Inc. (NYSE: LMND) has announced the release of its second quarter 2024 financial results. The company has posted the results on its website in the form of a Letter to Shareholders, accessible through the investor relations page. To discuss these results, Lemonade will host a conference call on Wednesday, July 31, 2024, at 8:00 am Eastern time (5:00 am Pacific time).
Interested parties can register for the call using the provided link or dial in toll-free at (833) 470-1428 or (404) 975-4839, using the conference ID: 253964. A live webcast of the call will be available on the Lemonade Investor Relations website. Following the call, a replay will also be made available on the same website for those who couldn't attend the live session.
Lemonade (NYSE: LMND) has announced its upcoming Investor Day, scheduled for November 19, 2024 in New York City. The event will provide a platform for management to offer detailed updates on strategic expansion plans, operating efficiencies, and growth trajectory. Attendees can participate either in-person at the company's headquarters or virtually through a live webcast.
In-person attendance is by invitation only and requires advance registration. Interested parties can contact Lemonade's Investor Relations team at ir@lemonade.com. A live webcast will be available on the company's Investor Relations website, with a replay accessible after the event. Registration for the online event is available through a provided link.
Lemonade (NYSE: LMND) announced its 2024 Giveback, donating $2,112,608 to 43 nonprofits globally. This marks the eighth consecutive year of giving back to charities chosen by customers. The program has donated over $10 million to 86 organizations since inception, impacting millions globally.
Customers select their Giveback nonprofit when signing up for Lemonade's insurance policies. The 2024 Giveback supports various projects, including building a school in Ghana, providing PTSD support to service members, and funding new homes in Mexico.
Since 2017, the Lemonade Giveback has grown by 3,873%. Notable contributions include supporting over 1 million students and teachers, providing meals to 624,693 people, and giving access to clean water for more than 40,000 individuals.
Lemonade, the AI-powered digital insurance company, has expanded its home insurance offerings in the UK with the launch of Buildings and Contents insurance. This expansion, in partnership with Aviva, allows UK homeowners to purchase comprehensive coverage for their homes and belongings through a fully-digital approach. The UK has quickly become one of Lemonade's fastest-growing markets since its launch in October 2022.
Key features of the new offering include:
- Coverage starting from £14 a month
- Flexible contents coverage up to £100,000
- Add-ons such as home emergency, accidental damage, theft and loss, and legal protection
- Defaqto 5-star rating
This expansion is expected to bolster Lemonade's continued growth in the UK market, catering to a digitally-savvy population seeking easy, personalized insurance experiences.
Lemonade (NYSE: LMND) will release its Q2 2024 financial results on Tuesday, July 30, 2024, after market close. A conference call to discuss these results is scheduled for Wednesday, July 31, 2024, at 8:00 am Eastern time. Registration for the call is available online, and participants can dial in using specific toll-free or local numbers. Shareholders can submit questions via Say Technologies starting July 23. The live webcast and a replay will be available on Lemonade's Investor Relations site. Please contact support@saytechnologies.com for assistance.
Lemonade (NYSE: LMND), a digital insurance company leveraging AI and social impact, announced the renewal of its reinsurance program starting July 1, 2024.
Led by tier-one carriers, the program maintains a 55% quota share protection and features variable ceding commissions similar to or better than previous terms. The renewal, oversubscribed on all metrics, spans all Lemonade's businesses globally. CEO Daniel Schreiber highlighted the significance of partnering with top reinsurers and emphasized the program's improved terms and its role in supporting capital-efficient growth.
A new risk-bearing entity, Lemonade Re, was formed in the Cayman Islands last year, and a captive cell in Bermuda was established to manage windstorm exposure. The 12-month term program aligns with Lemonade's financial outlook for Q2 and the entire 2024, as previously communicated in the Q1 '24 Letter to Shareholders.
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