Ετικέτα: Lemonade

Lemonade Expands Renters Insurance to Maine

Lemonade, the tech-first insurance company, announced the availability of its renters insurance in Maine. The expansion gives renters across the state a simple, fast way to get coverage that fits their lifestyles.
Lemonade Renters provides flexible coverage options via an app where renters can get quotes, purchase policies, update existing policies, and file claims, all in one place. About 40% of claims are handled instantly, helping renters receive assistance more quickly after a covered loss.
“Renters in Maine deserve the same easy insurance experience as everyone else,” said Dan Timsit, Head of Renters Insurance at Lemonade. “We built Lemonade to cut through the complexity that makes traditional insurance painful. We offer simple quotes, instant claims, and rates that don’t break the bank. Now we can deliver that to Maine, too.”
Coverage starts at just $5 per month, making it one of the more affordable renters insurance options available. Based on company and industry data, Lemonade’s renters insurance rates are approximately 30% lower than the national average.
Customers may also be eligible for additional savings through policy bundling, having qualifying home safety devices, or choosing annual billing.
Lemonade currently serves more than 3 million active customers and has earned recognition from organizations and publications including Forbes, CNBC, and U.S. News & World Report for its insurance products and customer experience.

Lemonade Expands Renters Insurance to Vermont

Lemonade (NYSE: LMND), the tech-first insurance company, announced the availability of its renters insurance in Vermont. The expansion gives renters across the state a simple, fast way to get coverage that fits their lifestyles.
Lemonade Renters provides flexible coverage options via an app where renters can get quotes, purchase policies, update existing policies, and file claims, all in one place. About 40% of claims are handled instantly, helping renters receive assistance more quickly after a covered loss.
“Renters in Vermont deserve the same easy insurance experience as everyone else,” said Dan Timsit, Head of Renters Insurance at Lemonade. “We built Lemonade to cut through the complexity that makes traditional insurance painful. We offer simple quotes, instant claims, and rates that don’t break the bank. Now we can deliver that to Vermont too.”
Coverage starts at just $5 per month, making it one of the more affordable renters insurance options available. Based on company and industry data, Lemonade’s renters insurance rates are approximately 30% lower than the national average.
Customers may also be eligible for additional savings through policy bundling, having qualifying home safety devices, or choosing annual billing.
Lemonade currently serves more than 3 million active customers and has earned recognition from organizations and publications including Forbes, CNBC, and U.S. News & World Report for its insurance products and customer experience.

Lemonade Renews Reinsurance Program, Improving Costs, Coverage, and Capital Efficiency

Lemonade, Inc. (NYSE: LMND), the digital insurance company powered by AI and social impact, announced the renewal of its reinsurance program, effective July 1, 2026.
Lemonade renegotiated the program to retain more of the economics from its growing business, while expanding protection against catastrophes and major weather events.
Under the renewed quota share agreements, Lemonade expects to cede approximately 18% of premium to reinsurers, down from approximately 20% previously. Lemonade will retain a larger share of the business’s growing gross profit.
At the same time, the program increases coverage for higher-volatility and catastrophe-exposed risks, including additional tail catastrophe protection. Lemonade believes the economics of the renewed program are more attractive than those of the expiring treaty.
The program continues to cover Lemonade’s global business. One new reinsurer is joining Lemonade’s primary quota share panel alongside existing partners, broadening the company’s reinsurance support.
“This renewal improves Lemonade’s reinsurance economics, coverage, and capital efficiency at the same time,” said Tim Bixby, CFO of Lemonade. “We are retaining more premium, adding protection against the volatility that matters most, and doing so on terms that are attractive on a risk-adjusted basis.”
As part of the renewal, Lemonade also expects to update its ancillary reinsurance programs, including allowing its Property Per Risk (PPR) coverage to expire while expanding its European catastrophe excess of loss (XOL) program. The renewed program is expected to be in effect for a standard 12-month term.

Lemonade Brings Autonomous Car Insurance to Indiana

Lemonade (NYSE: LMND), the technology-driven insurance company, announced that its Autonomous Car insurance is now available in Indiana.
Lemonade Autonomous Car is a first-of-its-kind product that gives Tesla owners 50% off every mile driven using Tesla’s Full Self-Driving (Supervised) technology.
“Today, we’re bringing Lemonade Autonomous Car to Tesla drivers in Indiana. This first-of-its-kind insurance product cuts Tesla’s cost of ownership by slashing insurance prices in half for miles driven with FSD (Supervised),” said Shai Wininger, President and Co-Founder of Lemonade. “Tesla’s safe FSD (Supervised) tech reduces the chances of getting into an accident. Our intelligent pricing models see this in the data and can pass real savings, with high precision, on to Tesla customers.”
Indiana Tesla drivers can now get a quote in seconds through the Lemonade app or at tesla.lemonade.com/fsd, and receive further savings when bundled with Lemonade Renters, Pet, or Home insurance.
Lemonade continues to offer its existing Car insurance, which supports most popular cars as well as Teslas, in Arizona, California, Colorado, Illinois, Indiana, Ohio, Oregon, Tennessee, Texas, and Washington.

Lemonade To Announce First Quarter 2026 Financial Results

Lemonade (NYSE: LMND) announced it will release its first quarter 2026 financial results on Wednesday, April 29, 2026 prior to market open, and will host a conference call that same day to discuss the results.
Webcast and Conference Call details:

Date: Wednesday, April 29, 2026
Time: 8:00 am Eastern time (5:00 am Pacific time) 
Participant Toll-Free Dial-In Number: +1 833 461 5787
Participant Toll Dial-In Number: +1 585 542 9983
Access Code: 708389519
Conference call registration link
Webcast registration link

Following the completion of the call, a replay will also be made available at lemonade.com/investor. 
In addition to the dial-in options, shareholders can participate by submitting questions prior to the earnings call. Shareholders will be able to submit and upvote questions until April 28, 2026 at 8:00 am ET.  For any support inquiries please email support@saytechnologies.com.

Lemonade added PayPal’s CMO to its Board of Directors

Lemonade, the digital insurance company powered by AI and social impact, announced it has named Geoff Seeley to its Board of Directors.
Mr. Seeley, Chief Marketing Officer of PayPal Holdings, Inc., oversees global marketing for both PayPal and Venmo. Before joining PayPal, Seeley was Global Chief Marketing and Communications Officer at Afterpay, where he helped scale consumer and merchant adoption, culminating in the company’s $29 billion acquisition by Square.
Earlier in his career, Seeley served as Global Head of Marketing at Airbnb, driving brand equity that fueled guest and host growth worldwide. Over his 30-year career, he has also held leadership roles at Unilever and Pearson, where he specialized in brand strategy, performance marketing, and large-scale rebrands. He holds a B.Sc. from University College London and is a frequent speaker at leading industry forums.
“Lemonade is the most exciting brand to emerge in the insurance space in decades,” said Seeley. “I’m thrilled to join the Board at this stage of the Company’s growth and to support Daniel, Shai, and the leadership team in building a category-defining brand powered by technology and trust.”
“Geoff has helped shape some of the world’s most beloved and recognizable brands,” said Shai Wininger, Lemonade co-founder and president. “His insights into consumer behavior, brand building, and marketing transformation will be hugely valuable as Lemonade continues to scale its global marketing efforts.”
Along with Seeley, Lemonade’s current board of directors is composed of Lemonade co-Founders Daniel Schreiber and Shai Wininger, Michael Eisenberg, Deb Schwartz, Dr. Samer Haj-Yehia, and Maria Angelidou-Smith.

Lemonade Announces Successful Renewal of Reinsurance Program

Lemonade, Inc. (NYSE: LMND), the digital insurance company powered by AI and social impact, announced that its reinsurance program is being renewed.
Given strong progress in the company’s diversification, underwriting prowess and loss ratio trajectory, the Company has chosen to reduce the ceded proportion of its quota share reinsurance from approximately 55% to approximately 20%, effective July 1. The variable ceding commission rate related to the quota share agreements is expected to be roughly equivalent to that of the expiring agreements. The program covers all Lemonade businesses globally, and the primary quota share carriers will remain unchanged.
“This year, we continued to reduce our reinsurance overhead, which is a reflection of how much stronger and more precise our tech based underwriting and pricing machines have become,” said Shai Wininger, Lemonade’s President and cofounder. “Reinsurance comes at a cost, and thanks to years of steady improvements, we’re now in a position to retain more of the risk ourselves, improve margins, and stay capital-light—all while continuing to work with some of the world’s top reinsurers.”
The Company expects to renew its other ancillary reinsurance programs, including Property Per Risk (PPR) coverage, at terms roughly in line with expiring agreements.
The new program will be in effect for a standard 12-month term.