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From $1 Billion to $10 Billion: Lemonade’s Investor Day To Focus On The Next 10x

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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) annuncia il suo prossimo Investor Day che si terrà il 19 novembre 2024 a New York City. L'evento fornirà dettagli sulla strategia dell'azienda per aumentare il suo premio in vigore da una stima di 1 miliardo di dollari nel prossimo trimestre a 10 miliardi di dollari. La direzione presenterà piani di espansione strategica, mostrerà le capacità AI di Lemonade e spiegherà come hanno raggiunto la positività di cassa nel terzo trimestre, con una prevista redditività EBITDA rettificata nel 2026. L'evento sarà accessibile sia di persona (su invito) che virtualmente tramite una diretta web.

Lemonade (NYSE: LMND) anuncia su próximo Investor Day para el 19 de noviembre de 2024 en la ciudad de Nueva York. El evento detallará la estrategia de la compañía para aumentar su prima activa de un estimado de 1 mil millones de dólares en el próximo trimestre a 10 mil millones de dólares. La dirección presentará planes de expansión estratégica, mostrará las capacidades de IA de Lemonade y explicará cómo lograron la positividad de flujo de caja en el tercer trimestre, con una rentabilidad EBITDA ajustada esperada para 2026. El evento será accesible tanto en persona (con invitación) como virtualmente a través de una transmisión en vivo.

레모네이드 (NYSE: LMND)는 2024년 11월 19일 뉴욕시에서 열리는 Investor Day를 발표합니다. 이 이벤트에서는 회사의 전략을 자세히 설명하여 다음 분기 동안 예상되는 10억 달러의 보험료를 100억 달러로 증가시키는 방법에 대해 이야기합니다. 경영진은 전략적 확장 계획을 발표하고, 레모네이드의 인공지능(AI) 능력을 보여주며, 3분기에 현금 흐름 긍정성을 어떻게 달성했는지 설명하고, 2026년 조정된 EBITDA 수익성을 기대한다고 합니다. 이 행사는 초대된 사람을 위한 대면 접근과 실시간 웹 방송을 통한 가상 접근이 모두 가능합니다.

Lemonade (NYSE: LMND) annonce son prochain Investor Day qui se déroulera le 19 novembre 2024 à New York. L'événement détaillera la stratégie de l'entreprise pour augmenter sa prime en vigueur, passant d'une estimation de 1 milliard de dollars au prochain trimestre à 10 milliards de dollars. La direction présentera des plans d'expansion stratégique, mettra en avant les capacités d'IA de Lemonade et expliquera comment ils ont atteint une positivité de flux de trésorerie au troisième trimestre, avec une rentabilité EBITDA ajustée prévue pour 2026. L'événement sera accessible à la fois en personne (sur invitation) et virtuellement via une diffusion en direct.

Lemonade (NYSE: LMND) kündigt seinen bevorstehenden Investor Day am 19. November 2024 in New York City an. Bei der Veranstaltung werden die Strategien des Unternehmens präsentiert, um die aktiven Prämien von geschätzten 1 Milliarde Dollar im nächsten Quartal auf 10 Milliarden Dollar zu erhöhen. Die Geschäftsführung wird strategische Expansionspläne vorstellen, die KI-Fähigkeiten von Lemonade demonstrieren und erklären, wie sie im dritten Quartal einen positiven Cashflow erzielt haben, mit einer erwarteten bereinigten EBITDA-Rentabilität im Jahr 2026. Die Veranstaltung wird sowohl persönlich (auf Einladung) als auch virtuell über einen Live-Stream zugänglich sein.

Positive
  • Achieved cashflow positivity in Q3 2023
  • Projects growth from $1B to $10B in force premium
  • Expected to reach Adjusted EBITDA profitability in 2026
Negative
  • Still not profitable on an Adjusted EBITDA basis until 2026

Insights

This announcement of an upcoming investor day, while highlighting management's ambitious growth targets, does not contain material financial information or immediate market-moving news. The event's forward-looking focus on potential growth from $1 billion to $10 billion in force premium represents speculative projections rather than concrete financial results. While the company plans to discuss its path to Adjusted EBITDA profitability in 2026 and recent cashflow positivity, these topics are scheduled for future presentation rather than current disclosures. The announcement itself is primarily logistical in nature, detailing registration processes and webcast information.

NEW YORK--(BUSINESS WIRE)-- Lemonade, Inc. (NYSE: LMND) will hold its in-person Investor Day in a week’s time, on Tuesday, November 19, 2024 in New York City.

At Investor Day, management will provide detailed updates on how the company expects to 10x, going from an estimated $1 billion next quarter to $10 billion in force premium in the coming years. The sessions will cover Lemonade’s strategic expansion plans, a behind the scenes look at Lemonade’s AI, and a walkthrough of the model and mechanics that delivered cashflow positivity in the third quarter, and are expected to deliver Adjusted EBITDA profitability during 2026.

Attendees can join in-person at the company’s headquarters or virtually through a live webcast. Please note that in-person attendance is by invitation only and advance registration is required. If you are interested in attending in-person, please email Lemonade’s Investor Relations team: ir@lemonade.com

A live webcast of the event will be available on the Lemonade Investor Relations website, investor.lemonade.com. Following the event, a replay will also be made available at investor.lemonade.com.

To register for the online event, please use this link.

About Lemonade

Lemonade offers renters, homeowners, car, pet, and life insurance. Powered by artificial intelligence and social impact, Lemonade’s full stack insurance carriers in the US and the EU replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. A Certified B-Corp, Lemonade gives unused premiums to nonprofits selected by its community, during its annual Giveback. Lemonade is currently available in the United States, Germany, the Netherlands, France, and the UK, and continues to expand globally.

Follow @lemonade_inc on Twitter for updates.

FORWARD LOOKING STATEMENTS

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements including statement regarding our anticipated financial performance, including our future profitability, our in force premium growth to $10 billion, our expectations regarding our growth, our Adjusted EBITDA profitability, strategic expansion plans, accuracy and use of our predictive and generative AI models, and other financial and operating information. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to, the following: our history of losses and that we may not achieve or maintain profitability in the future; our financial outlook, our success and ability to retain and expand our customer base; the "Lemonade" brand may not become as widely known as incumbents' brands or the brand may become tarnished; the denial of claims or our failure to accurately and timely pay claims; our ability to attain greater value from each user; availability of reinsurance at current levels and prices; the impact of our agreement with General Catalyst as a synthetic agent; our exposure to counterparty risks; our limited operating history; our ability to manage our growth effectively; our proprietary artificial intelligence algorithms may not operate properly or as expected; the intense competition in the segments of the insurance industry in which we operate; our ability to maintain our risk-based capital at the required levels; our ability to expand our product offerings; the novelty of our business model and its unpredictable efficacy and susceptibility to unintended consequences; the possibility that we could be forced to modify or eliminate our Giveback; regulatory risks, related to the operation, development, and implementation of our proprietary artificial intelligence algorithms and telematics based pricing model; legislation or legal requirements that may affect how we communicate with customers; the cyclical nature of the insurance industry; our reliance on artificial intelligence, telematics, mobile technology, and our digital platforms to collect data that we utilize in our business; our ability to obtain additional capital to the extent required to grow our business, which may not be available on terms acceptable to us or at all; our actual or perceived failure to protect customer information and other data as a result of security incidents or real or perceived errors, failures or bugs in our systems, website or app, respect customers’ privacy, or comply with data privacy and security laws and regulations; periodic examinations by state insurance regulators; underwriting risks accurately and charging competitive yet profitable rates to customers; our ability to underwrite risks accurately and charge competitive yet profitable rates to our customers; potentially significant expenses incurred in connection with any new products before generating revenue from such products; risks associated with any costs incurred and other risks as we expand our business in the U.S. and internationally; our ability to comply with extensive insurance industry regulations; our ability to comply with insurance regulators and additional reporting requirements on insurance holding companies; our ability to predict the impacts of severe weather events and catastrophes, including the effects of climate change and global pandemics, on our business and the global economy generally; increasing scrutiny, actions, and changing expectations on environmental, social, and governance matters; fluctuations of our results of operations on a quarterly and annual basis; our utilization of customer and third party data in underwriting our policies; limitations in the analytical models used to assess and predict our exposure to catastrophe losses; potential losses could be greater than our loss and loss adjustment expense reserves; the minimum capital and surplus requirements our insurance subsidiaries are required to have; assessments and other surcharges from state guaranty funds; our status and obligations as a public benefit corporation; our operations in Israel and the current political, economic, and military instability, including the evolving conflict in Israel and surrounding region.

These and other important factors are discussed under the caption “Risk Factors” in our Form 10-K filed with the SEC on February 28, 2024 and in our other filings with the SEC, these factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this letter to shareholders. Any such forward-looking statements represent management’s beliefs as of the date of this letter to shareholders. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

We may use our website (investor.lemonade.com), blog (lemonade.com/blog), and our company account on X and LinkedIn as a means of disclosing information and for complying with our disclosure obligations under Regulation FD.

press@lemonade.com

Source: Lemonade, Inc.

FAQ

When is Lemonade's (LMND) 2024 Investor Day?

Lemonade's Investor Day is scheduled for Tuesday, November 19, 2024, in New York City.

What is Lemonade's (LMND) premium growth target?

Lemonade aims to grow from $1 billion in force premium next quarter to $10 billion in the coming years.

When does Lemonade (LMND) expect to achieve Adjusted EBITDA profitability?

Lemonade expects to achieve Adjusted EBITDA profitability during 2026.

Did Lemonade (LMND) achieve cashflow positivity in Q3?

Yes, Lemonade achieved cashflow positivity in the third quarter.

Lemonade, Inc.

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