Lemonade: $1 Billion in Premiums
Lemonade (NYSE: LMND) has achieved a significant milestone by surpassing $1 billion in In Force Premium (IFP) just 8.5 years after selling its first policy, demonstrating a ~150% compound annual growth rate. This growth is attributed to the company's technology investments, broad product portfolio, and geographic expansion.
The digital insurance company also announced the launch of Lemonade Car in Colorado, expanding its car insurance coverage to approximately 40% of the US market. Colorado represents a significant opportunity, with residents spending about $7B annually on car insurance, including hundreds of millions from existing Lemonade customers in the state.
According to President and cofounder Shai Wininger, the company achieved this milestone while maintaining positive free cash flow and a healthy loss ratio, highlighting the sustainability of their growth strategy.
Lemonade (NYSE: LMND) ha raggiunto un traguardo significativo superando 1 miliardo di dollari in Premi in Forza (IFP) solo 8,5 anni dopo aver venduto la sua prima polizza, dimostrando un tasso di crescita annuale composto di circa il 150%. Questa crescita è attribuita agli investimenti tecnologici dell'azienda, a un ampio portafoglio di prodotti e all'espansione geografica.
La compagnia di assicurazioni digitali ha anche annunciato il lancio di Lemonade Car in Colorado, espandendo la sua copertura di assicurazione auto a circa il 40% del mercato statunitense. Il Colorado rappresenta un'opportunità significativa, con i residenti che spendono circa 7 miliardi di dollari all'anno per l'assicurazione auto, inclusi centinaia di milioni provenienti da clienti Lemonade esistenti nello stato.
Secondo il presidente e cofondatore Shai Wininger, l'azienda ha raggiunto questo traguardo mantenendo un flusso di cassa libero positivo e un sano rapporto di perdite, evidenziando la sostenibilità della loro strategia di crescita.
Lemonade (NYSE: LMND) ha logrado un hito significativo al superar 1 mil millones de dólares en Primas en Fuerza (IFP) solo 8.5 años después de vender su primera póliza, demostrando una tasa de crecimiento anual compuesta de aproximadamente el 150%. Este crecimiento se atribuye a las inversiones tecnológicas de la empresa, a su amplio portafolio de productos y a la expansión geográfica.
La compañía de seguros digitales también anunció el lanzamiento de Lemonade Car en Colorado, ampliando su cobertura de seguros de automóviles a aproximadamente el 40% del mercado estadounidense. Colorado representa una oportunidad significativa, con los residentes gastando alrededor de 7 mil millones de dólares anuales en seguros de automóviles, incluidos cientos de millones de clientes existentes de Lemonade en el estado.
Según el presidente y cofundador Shai Wininger, la empresa alcanzó este hito manteniendo un flujo de caja libre positivo y una relación de pérdidas saludable, destacando la sostenibilidad de su estrategia de crecimiento.
레모네이드 (NYSE: LMND)는 첫 번째 보험을 판매한 지 단 8.5년 만에 10억 달러 이상의 보험료 (IFP)를 초과 달성하여 약 150%의 복합 연간 성장률을 입증하는 중요한 이정표를 세웠습니다. 이러한 성장은 회사의 기술 투자, 폭넓은 제품 포트폴리오 및 지리적 확장 덕분입니다.
디지털 보험 회사는 또한 콜로라도에서의 레모네이드 자동차 출시를 발표하며, 미국 시장의 약 40%에 자동차 보험 보장을 확대했습니다. 콜로라도는 거주자들이 연간 약 70억 달러를 자동차 보험에 지출하는 중요한 기회를 나타내며, 여기에는 주 내 기존 레모네이드 고객으로부터의 수억 달러도 포함됩니다.
회장 겸 공동 창립자인 샤이 위닝거에 따르면, 회사는 긍정적인 자유 현금 흐름과 건강한 손실 비율을 유지하면서 이 이정표를 달성했으며, 이는 그들의 성장 전략의 지속 가능성을 강조합니다.
Lemonade (NYSE: LMND) a atteint un jalon significatif en dépassant 1 milliard de dollars en Primes en Cours (IFP) seulement 8,5 ans après avoir vendu sa première police, démontrant un taux de croissance annuel composé d'environ 150 %. Cette croissance est attribuée aux investissements technologiques de l'entreprise, à un large portefeuille de produits et à l'expansion géographique.
La compagnie d'assurance numérique a également annoncé le lancement de Lemonade Car dans le Colorado, élargissant sa couverture d'assurance automobile à environ 40 % du marché américain. Le Colorado représente une opportunité significative, les résidents dépensant environ 7 milliards de dollars par an en assurance automobile, y compris des centaines de millions provenant des clients Lemonade existants dans l'État.
Selon le président et cofondateur Shai Wininger, l'entreprise a atteint ce jalon tout en maintenant un flux de trésorerie libre positif et un ratio de pertes sain, soulignant la durabilité de sa stratégie de croissance.
Lemonade (NYSE: LMND) hat einen bedeutenden Meilenstein erreicht, indem es 1 Milliarde Dollar an Prämien in Kraft (IFP) überschritt, nur 8,5 Jahre nach dem Verkauf seiner ersten Police, was eine jährliche Wachstumsrate von etwa 150% demonstriert. Dieses Wachstum wird den Technologieinvestitionen des Unternehmens, einem breiten Produktportfolio und der geografischen Expansion zugeschrieben.
Das digitale Versicherungsunternehmen kündigte auch die Einführung von Lemonade Car in Colorado an, wodurch die Kfz-Versicherung auf etwa 40% des US-Marktes ausgeweitet wird. Colorado stellt eine bedeutende Gelegenheit dar, da die Bewohner jährlich etwa 7 Milliarden Dollar für Kfz-Versicherungen ausgeben, einschließlich Hunderter Millionen von bestehenden Lemonade-Kunden im Bundesstaat.
Nach Angaben von Präsident und Mitbegründer Shai Wininger hat das Unternehmen diesen Meilenstein erreicht, während es einen positiven freien Cashflow und ein gesundes Verlustverhältnis aufrechterhielt, was die Nachhaltigkeit ihrer Wachstumsstrategie unterstreicht.
- Reached $1 billion in In Force Premium (IFP)
- ~150% compound annual growth rate in 8.5 years
- Positive free cash flow achieved
- Healthy loss ratio maintained
- Expansion of car insurance to Colorado market ($7B annual market)
- None.
Lemonade Car expands to
“Surpassing
As laid out at the recent Investor Day, Lemonade Car will play a key role in the company’s accelerating growth plan. The company also announced the launch of Lemonade Car in
To check out Lemonade’s full Investor Day or for more information, go to investor.lemonade.com. For more details on Lemonade Car, visit lemonade.com/car.
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 St,
Follow @lemonade_inc on X for updates.
FORWARD LOOKING STATEMENTS
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this press release are forward-looking statements, including our statements regarding our anticipated financial performance, our growth to
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 expressed or implied 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 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; 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
These and other important factors described under the caption "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC on February 26, 2025, and in our other filings with the SEC, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s beliefs as of the date of this press release. 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.
NEWS & INFORMATION DISCLOSURE
Investors should note that we may use our website (investor.lemonade.com), blog (lemonade.com/blog), X (@Lemonade_Inc), and LinkedIn as a means of disclosing information and for complying with our disclosure obligations under Regulation FD. The information we post through these channels may be deemed material. Investors should monitor these channels in addition to reviewing our press releases, SEC filings, and public conference calls.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250325708777/en/
Press contact:
Natalie Wilson
press@lemonade.com
Source: Lemonade, Inc.
FAQ
What milestone did Lemonade (LMND) achieve in 2024?
How much of the US car insurance market does Lemonade (LMND) now cover?
What is the size of the Colorado car insurance market for Lemonade (LMND)?
What financial metrics did Lemonade (LMND) report alongside its $1B IFP milestone?
