Lemonade, Inc. - LMND STOCK NEWS

Lemonade, Inc. (NYSE: LMND) announced its third quarter 2021 financial results, now available on its website. A conference call is scheduled for November 9, 2021, at 8:00 a.m. ET to discuss these results. The company, offering various insurance products, leverages AI to streamline operations, targeting zero paperwork. As a Certified B-Corp, it donates unused premiums to selected nonprofits. Despite its innovative approach, Lemonade faces challenges such as potential losses and regulatory risks, which could affect profitability.

Lemonade (NYSE: LMND) has announced its acquisition of Metromile (NASDAQ: MILE, MILEW) in an all-stock deal valued at approximately $500 million. Each Metromile shareholder will receive Lemonade common shares at a 19:1 exchange ratio. This acquisition aims to enhance Lemonade's newly launched car insurance service by integrating Metromile's data-driven technology and telematics. The deal is expected to close in Q2 2022, pending regulatory and shareholder approvals. Metromile holds substantial assets, including over $250 million in cash and licenses in 49 states.

Lemonade has launched its new product, Lemonade Car, aimed at providing affordable insurance for safe drivers and eco-friendly vehicles. Currently available in Illinois, it will expand nationwide, offering discounts for bundling with other Lemonade products. The app utilizes telematics for driving behavior assessment and features rapid claims processing via its proprietary system, Blender. With a commitment to environmental sustainability, Lemonade also funds reforestation to offset CO₂ emissions from customer vehicles.

Lemonade, Inc. (NYSE:LMND) plans to release its third quarter 2021 financial results on November 8, 2021, post-market close. A conference call is scheduled for November 9, 2021, at 8:00 AM ET to discuss the results. Shareholders can register for the call using a provided link, where they can also submit questions ahead of the call starting November 2, 2021. Lemonade specializes in insurance powered by AI and serves customers in the US and Europe.

Exante Data has established an Advisory Board featuring prominent executives from technology firms, including Irina Novoselsky, Morten Primdahl, and Pascal Schaary. The company aims to enhance its capabilities in delivering alternative data insights to institutional investors. Founder & CEO Jens Nordvig emphasized the growth and future expansion plans, leveraging the advisors' expertise for product development and capital raising. The Advisory Board is expected to drive innovation in FinTech offerings and attract a broader client base.

Lemonade has launched a new preventative care package for puppies and kittens under two years old, addressing the rising pet adoption trend in the U.S. Approximately 70% of U.S. households now own a pet. This new offering includes essential services such as spaying/neutering, microchipping, flea medication, and vaccines. The pet health insurance market, valued at $2 billion, has primarily focused on accident and illness coverage, making Lemonade's preventative approach appealing. The package is available in 33 states and aims to promote early veterinary visits for better pet health.

Lemonade, Inc. (NYSE: LMND) announced its Q2 2021 financial results, available in the Letter to Shareholders. A conference call discussing the results is scheduled for August 5, 2021, at 8:00 a.m. Eastern. Lemonade offers innovative insurance solutions using AI and aims for transparency with its Giveback initiative. The company faces various risks, including a history of losses and regulatory challenges, while striving to enhance customer retention and brand recognition.

Lemonade, Inc. (NYSE: LMND) will release its Q2 2021 financial results on August 4, 2021, after market close. A subsequent conference call is scheduled for August 5 at 8:00 AM ET to discuss these results. Registration for the call can be done through a provided link, and participants can also submit questions via Say Technologies starting July 29. Lemonade, a certified B-Corp, offers various insurance services leveraging AI, and focuses on transparency and community involvement through its Giveback program.

Tim Bixby, CFO of Lemonade (NYSE:LMND), will speak at the 6th Annual Morgan Stanley Sustainable Futures Conference on June 9, 2021, starting at 3:30 PM ET. The presentation will be livestreamed and available for replay at investor.lemonade.com.

Additionally, Bixby will present at the Morgan Stanley US Financials, Payments & CRE Conference from June 14-16, 2021, with his session on June 14 at 10:15 AM ET. This presentation will also be livestreamed, with a replay available afterward.

Lemonade provides insurance through AI, focusing on efficiency and community support.