Lemonade

Our 2024 Investor Day was one for the books ? Since our first Investor Day, two years ago, our downside has shrunk dramatically, while the upside has grown significantly: ? Liquidity: From burning $63M to generating $48M in a single quarter ? Underwriting: Loss ratio improved from 93% to 73% ? Efficiency: Top line grew ~50%, while OpEx contracted ? Growth: Upgraded our targets to 30% CAGR on a multi-year basis This is just the tip of the iceberg of what our team presented— ? CEO and cofounder, Daniel Schreiber, lays out the vision and strategy ? Maya Prosor, CBO, talks through the growth plan to $10B ? Adina Eckstein, COO, shares how AI enables infinite scale ? Nicholas Stead, SVP Finance, walks through the model and key metrics ? Tim Bixby, CFO, shares the view ahead And for those interested, grab some ?? and check out the full day at the video (in comments)!

Tried to crowd source content ideas from the squad. Lemonade Pet is now available in Minnesota btw.

The show is about to begin! ? In case you need a little teaser, CEO Daniel Schreiber joined CNBC's "Closing Bell: Overtime" yesterday to talk all things Lemonade with Jon Fortt and Morgan L Brennan ahead of today's Investor Day. (throwing the link to Investor Day in the comments for those that want to join in on the live stream!)

Countdown has begun! ? Tomorrow (Nov 19th) at 9 AM sharp (ET), join us live to hear how we plan to 10x the business (spoiler: ?? sneak peek at our #AI capabilities!) Sign up here: https://lnkd.in/dWDhmedr

Incredibly excited to share that we’ve been voted the #1 pet insurance brand by?Green Matters?and their audience! Check out the full list if you’re struggling to decide which pet insurance to go with. Or if you’re just a fan of Lemonade and love to see us mentioned as being one of “the best.” Or if you’re an employee of Lemonade and want to feel pride about your hard work. Or if you’re a currently-uninsured dog or cat who’s somehow managed to hijack your human’s device to scroll on their Linkedin. Those are probably all of the audience demographics that would possibly click into this. If we missed one, please let us know.

Did you know ?? Currently one fourth of all children in American foster care are waiting to be adopted? November marks National Adoption Awareness Month, and we’re proud to support our Giveback partner, Foster Love, and the amazing work they do for foster youth. Recently, they made some serious magic happen by reuniting kids with their foster families at Disney World! ?? At Lemonade, we love that we’re able to make these moments a reality—for Foster Love and so many other amazing non-profit organizations

Another strong quarter in the books ?? First, catch our CEO Daniel Schreiber as he chats with Yahoo Finance on all things Q3 2024 Earnings—incredible growth results, how we hit our very healthy loss ratio of 73% (best in four years ??), the impact of AI on our pet insurance, and much more. And for those only here for the data ???? a few highlights from this quarter: ?? $48M in Net Cash Flow generated this quarter (keeping us on track for positive NCF from Q1 2025 onward) ?? $889 million in In Force Premium (a 24% increase YoY) ?? Gross Loss Ratio at 73% ?? Gross Profit up by 71% YoY ?? $27M invested in marketing and customer acquisition, driving our growth ?

Ahem, is this mic on?!???? Sustainability Magazine just shared their top 10 most influential B corps in the US, and we made the list!??? In case you’re wondering (even if you’re not, we’re sharing anyways)—B Corps are businesses that go through rigorous certification through B Lab to ensure they meet the highest standards of social and environmental impact—something we’re all about. And kudos to the others featured here; we’re in great company alongside others like Patagonia, Etsy, Ben & Jerry's, and everyone else on the list!

??? What happens when our pets have a palette for the more refined, elegant, and exotic flavors of life? And by “refined, elegant, and exotic” we mean old socks, electrical wires, and chicken bones—the stuff that often lands them in the emergency vet??? Check out the new ad from our in-house creative team???, dedicated to those furry friends who always go for the…finer things in life! #YesChef

Four years and counting ?? We're proud to be featured once again on Forbes' list of America's Best Insurance Companies. Huge shoutout to our incredible Makers for making it all happen—you’re the secret sauce behind the magic! ??