Lemonade Inc (LMND)

Lemonade's stock price increased by 142.90% between February 3, 2025, and February 2, 2026. Key events impacting the stock include strong Q3 2025 earnings with revenue up 42.4% year-over-year, the launch of a Tesla-specific car insurance plan offering a 50% reduction in per-mile fees when Tesla's full self-driving feature is active, and the adjustment of the reinsurance program to retain more underwriting risk. Analyst activity has been mixed, with some upgrading the stock and others maintaining a 'Hold' or 'Sell' rating.

The insurance industry experiences seasonal fluctuations in demand due to renewals, open enrollment periods, and lifestyle changes. Property and casualty insurers, including Lemonade, see increased demand and claims during natural disaster seasons, winter storm season, home-buying season, holiday travel season, new vehicle releases, and construction season. Lemonade's diverse product portfolio likely experiences these seasonal shifts to varying degrees across its different insurance offerings and geographic markets.

Lemonade, Inc. is an insurtech company operating in the Finance sector and Property & Casualty Insurance industry. It offers insurance products like renters, homeowners, car, pet, and life insurance, emphasizing a digital experience with AI and chatbots for policy issuance and claims processing.

Lemonade's services are available in numerous states in the United States, including Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Illinois, Indiana, Iowa, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin. In Europe, Lemonade offers contents and liability policies in Germany and the Netherlands, and renters' insurance in France and the United Kingdom.

Lemonade generally has a positive brand reputation for its digital-first approach, user-friendly experience, and quick claims processing, and was recognized as one of the 'Best Insurance Companies' by Forbes in 2025. The company's 'Giveback' program contributes to its socially conscious image. However, there are ongoing concerns about its path to profitability, with some skepticism about its ability to achieve consistent profitability due to high customer acquisition costs and challenges in scaling its AI underwriting models.

Approximately 29.00% of Lemonade's stock is owned by institutional investors, 16.52% by insiders, and 54.49% by public companies and individual investors. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and Softbank Group Corp. Notable individual insiders include co-founder Shai Wininger and Michael A. Eisenberg. CEO Daniel A. Schreiber also had a share sale in February 2026.