Lemonade Stock News

Lemonade's loss ratio is finally coming down. SoFi's non-lending segments are growing as a percentage of the business.

As we progress through 2024, there continues to be many AI stocks to watch. The surge in AI applications, particularly in generative AI and machine learning, has created lucrative opportunities for investors.

Digital insurance provider Lemonade is continuing to incorporate artificial intelligence (AI) into its business. “Investors and analysts often ask about the practical impact of our investments in building our own tech-based insurance tech.

Lemonade's high-growth days seem to be coming to an end. The company is still operating at a wide loss.

Lemonade, Inc. (NYSE:LMND ) Q2 2024 Earnings Conference Call July 31, 2024 8:00 AM ET Company Participants Yael Wissner-Levy - Vice President of Communications Daniel Schreiber - Co-Founder & Chief Executive Officer Shai Wininger - President & Co-Founder Tim Bixby - Chief Financial Officer Conference Call Participants Jack Matten - BMO Michael Phillips - Oppenheimer Tommy McJoynt - Stifel Bob H...

Shares of Lemonade have tanked ~15% after reporting Q2 results, owing mostly to a softer revenue guidance for Q3. For Lemonade, however, the core metric to watch is in force premium growth, for which the company is not expecting any deceleration in Q3. Loss ratios are continuing to improve, helped in part by increased automation of underwriting.

A big milestone has been reached.

Lemonade Inc.'s stock LMND, -1.35% fell 14% in after-hours trade Tuesday, after the digital insurer which uses AI to power its business posted a narrower-than-expected second-quarter loss but revenue that just matched estimates. The company had a net loss of $57.2 million, or 81 cents a share, for the quarter, after a loss of $67.2 million, or 97 cents a share, in the year-earlier period.