Added to YB: 2026-08-04
Pitch date: 2026-08-01
LMND [neutral]
Lemonade, Inc.
+8.27%
current return
Author Info
Lorenzo's 2 cents shares analyses of tech companies. Sign up for the newsletter.
Company Info
Lemonade, Inc. provides various insurance products in the United States, Europe, Louisiana, and the United Kingdom.
Market Cap
$3.7B
Pitch Price
$49.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
-36.34
P/E
-26.42
EV/Sales
3.65
Sector
Insurance
Category
growth
Lemonade: the most profitable insurer
LMND (earnings): Q2 2026 stellar but stock -24% on opex fears (algos/retail). Thesis: autonomous AI-driven insurer = winner-takes-all, $100B in <10yrs, $1T in <15yrs. Track 4 metrics: IFP/employee rising, LAE ratio best-in-class, LTV/CAC ~3x, ADR 85% (path to 90%+ 2027). Loss ratio solid on adj rule-of-40. Reinsurance + Synthetic Agents ($250M at 9.8%, -6pts cost of capital in 2027) boost future profitability. Up since $17.23 deep dive Sep 2024.
Read full article (7 min)