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Lemonade, Inc. (LMND)

NYSE - NYSE Delayed price. Currency in USD
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16.92+0.68 (+4.19%)
At close: 04:00PM EST
16.90 -0.02 (-0.12%)
After hours: 06:57PM EST
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  • Insider Monkey

    Lemonade, Inc. (NYSE:LMND) Q4 2023 Earnings Call Transcript

    Lemonade, Inc. (NYSE:LMND) Q4 2023 Earnings Call Transcript February 28, 2024 Lemonade, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Hello, everyone, and welcome to the Lemonade Fourth Quarter 2023 Financial Results Call and thank you for standing-by. My […]

  • Thomson Reuters StreetEvents

    Q4 2023 Lemonade Inc Earnings Call

    Q4 2023 Lemonade Inc Earnings Call

  • Yahoo Finance Video

    Insurance sector 'suffered' amid inflation: Lemonade CEO

    Shares of Lemonade (LMND) are dropping sharply as the company, in a letter to shareholders, outlined a potential drop in profits after “extraordinary challenges” in 2023. The company plans to double its growth budget, which amounted to $55 million in the previous year. Daniel Schreiber, Lemonade CEO, joins Yahoo Finance to discuss the challenges that lie ahead for Lemonade, including rising consumer costs. Schreiber elaborates on how the business has operated so far, focusing particularly on the impact of AI on operations: "We're really seeing everything getting better. Our loss ratio collapsed by 12% year on year. Our operating expense shrunk year on year. The efficiencies that our AIs are driving, we've been automated through AIs from the get-go, so we're growing revenue 31% and actually shrinking R&D costs, marketing costs, and operating costs because we're using generative AI and other AIs to do a lot of our work for us. All of that emboldens us to continue to invest because every dollar that we invest returns itself about threefold over, and if you're long-term oriented, and we absolutely are, that just makes so much sense." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino