Lemonade, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Daniel Asher Schreiber
- Full Time Employees
- 1,282
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Address
- 5 Crosby Street New York City NY United States of America 10013
- IPO Date
- Jul 2, 2020
- CIK
- 0001691421
- Website
- lemonade.com
- Similar Companies
- Business
- Lemonade, Inc. operates as a digital-first insurance provider across the United States, Europe, and the United Kingdom. The company offers a comprehensive suite of insurance products, including renters, homeowners, pet, car, and term life coverage, alongside contents and liability policies. Leveraging artificial intelligence and principles of behavioral economics, Lemonade aims to transform the insurance experience by providing swift policy issuance and claims resolution, often processed in mere seconds through its automated systems. A distinctive aspect of their business model is the "Giveback" program, where a portion of unclaimed premiums is donated annually to charities selected by policyholders, underscoring their commitment to social impact and transparency. As a certified B-Corp, Lemonade targets a digitally native demographic, including socially conscious millennials and Gen Z, offering an intuitive, mobile-centric platform. Recent developments include the continued expansion of its car insurance offerings in new U.S. states and an extended partnership to introduce buildings and contents insurance in the UK. The company has also transitioned its life insurance carrier partnership to Banner Life. Lemonade reported strong revenue growth and narrowing losses in its latest quarterly results, raising its full-year guidance for 2025. Headquartered in New York, the company was established in 2015.
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