Lemonade Inc.

Lemonade, Inc. operates as an insurance company within the United States, Germany, France, and the Netherlands. The company offers car, homeowners, renters, pet, and life insurance. Incorporated in 2015, Lemonade has its headquarters in New York. Lemonade makes use of artificial intelligence and behavioural economics to replace brokers and paperwork. The company offers its products through iOS and Android apps, in addition to through its website. Lemonade's products cover all residents of a household who are related to the customer by blood, marriage, or adoption. The company supports the filing of claims through chat powered by artificial intelligence. In the United States, the insurance available to customers includes personal liability as well as stolen or damaged property. Stock for Lemonade is listed on the NYSE under the ticker LMND. Lemonade operates by using a set percentage of premiums to pay corporate expenses, with the remainder allocated to paying claims. Any funds that remain are donated to non-profits selected by the Lemonade community during an annual Giveback. On 8 November 2021, the company announced the acquisition of Metromile in an all-stock transaction worth approximately $500m. Stay up to date on LMND share price movements and the latest company news by adding it to your eToro watchlist.