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 ?
Lemonade的动态
最相关的动态
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It's easy to post a strong quarter when Lemonade robs the American policyholder blind. Lemonade is about to become the first American Insurance company where its executives and employees are charged criminally for the abuse of its policyholders. Stay tuned for details. Vanguard and BlackRock, when the multitude of lawsuits spill over to your entities for piercing the corporate veil with your investments in this sham corporation, don't say I didn't warn you. I'm dropping the report publicly on Monday morning that I'll be filing with each of the states that Lemonade is currently licensed to practice insurance in. Its violation and breaking of insurance law, ethics and code is so clear cut that its investors may want to prep for the possibility of its license being revoked in each state. Demands for refunds from all policyholders are more than likely forthcoming. Lemonade should have done the right thing and paid my client, rather than choose gluttony over his safety. That was the powder keg that led to our research into other policyholders' experiences, where we learned that Lemonade consistently puts its profit over its policyholders and does so in such a sloppy, grotesque manner, that it has effectively inhibited big insurance's ability to to profit at the expense of its policyholders moving into the future. https://lnkd.in/gM_NMazv Ricardo Ambriez National Association of Insurance Commissioners (NAIC) IAIS - International Association of Insurance Supervisors NAACP Office of the New York State Attorney General Macomb County Prosecutor's Office Michigan Department of Attorney General Michigan Department of Insurance and Financial Services City of Sterling Heights The New Yorker Gretchen Whitmer Garlin Gilchrist II Dana Nessel Oakland County Prosecutor’s Office Mike Morse Joe Bellanca Howard Hertz Insurtech Insights Joe Rogan experience Tucker Carlson Network Robert F. Kennedy Federal Trade Commission Federal Bureau of Investigation (FBI) FBI Cyber Division U.S. Securities and Exchange Commission rob wolchek Fox News Media Eric Weinstein Elon Musk Siham Jaafar Gina Jaafar
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 ?
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When an iconic Fortune 500 insurance brand sought to launch a new pet insurance business, they needed a strategic partner who could turn their ambitious goals into measurable results. That's where we came in. We crafted a comprehensive go-to-market strategy that aligned with their vision, combining brand awareness, customer acquisition, conversion rate optimization (CRO) strategies, and more. By leveraging unique consumer insights, we helped them tap into a competitive market with precision and impact. Terakeet helped them not only meet their goals but exceed them, positioning their pet insurance business for long-term success. #PetInsuranceMarketing #InsuranceMarketing #CustomerAcquisition #ConversionRateOptimization #ROAS
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Webinar Announcement ?? The pet insurance market is booming, but how can we apply pricing strategies from other lines of business to this growing sector? Join us for "Strategies for Pet Insurance Pricing: What We Can Learn from Other Lines of Business" on December 4 at 5 PM CET. Edwin Graham, Actuarial Data Scientist at AKUR8, will explore how machine learning and advanced pricing techniques can help insurers build flexible, data-driven pricing strategies for pet insurance. ?? Date: December 4, 2024 ?? Time: 5 PM CET ?? Register Now: https://lnkd.in/eTpssiA6 Don't miss out on this opportunity to gain key insights and stay ahead of the curve in this booming market! #Petinsurance #Insurance #Actuarialscience #Webinar
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?? Announcing Wag! Group Co.'s newest addition: WeCompare.com! ?? With millions of pet insurance quotes under our belt, we’ve built the proprietary tech and identified the demand that will enable the successful expansion of our insurance comparison tools across diverse verticals like ??, ??, ??, and more! WeCompare is a robust insurance comparison platform featuring: ???? Unmatched technology for a seamless translation from pet to other insurance categories ?? Engaging, data-driven content to give consumers the tools they need to make informed insurance decisions ?? A user experience tailored to today’s consumer (who values education over sales pitches) ?? Proven demand from our list of existing partners Oh – and it can all be white-labeled for your brand! ? If you’re interested in leveraging the platform to capitalize on the overwhelming demand, ping me directly and I’ll get you in contact with our dedicated team. For more details, check out wecompare.com, or read the press release here: https://lnkd.in/gthV8qcA #insurance #wag #wagwalking
Wag! Group Co. today announced WeCompare.com, taking our expertise in the pet insurance space and translating it across verticals with a robust comparison platform. We’re starting with auto and following with home, life, travel, and more! ???????? Check it out at wecompare.com, or read the press release for details: https://lnkd.in/gthV8qcA
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Congratulations to Appius for winning the Digital Experience Project of the Month title for EMEA! ?? Their smooth migration and modernization of Healthy Pets Insurance's valuable and paw-friendly website project is an excellent success story! So, learn more about the organizational process, requirements & how the final result came to be in the video. And get even more familiar with the project here: https://prgress.co/4fwxv7n
DX Project of the Month Winner - Appius
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The first-ever Insurance policy for a ketchup Ever heard of getting FREE stuff simply because you used their product and Unintentionally damaged your stuff. Heinz is hungry for your stories. If you spilled Heinz on only the white areas of your shirt Or Your toddler spilled ketchup on your laptop, Spill the Heinz and reclaim your FREE stuff Let your ketchup related accident win back your damaged stuff. Because every spillage worth the risk has to be Heinz. Marketing Lessons: 1. Use cool ways to make people use your product even if there is a risk involved. 2. Make your product stand out by giving a free resource or added advantage like Heinz is giving an Insurance Policy for using Heinz. #Advertising #Ads #Heinz #SpillTheHeinz
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"Progressive Insurance shares have gained 36.3% so far this year, compared with an 18% gain in the S&P 500 index during the period." This brief article describes what may be a brilliant example of striking the sweet spot between increasing both the top line and bottom line by using a dynamic marketing mix. The article goes on to note that "the company had 21.5 million personal auto insurance policies in force, up 10% over the year earlier" and that "net premium written jumped 22% to $17.90 billion." Progressive has simultaneously increased transaction count (policies) and revenue (premiums written) over the past year. I know from personal experience that they've likely done this by increasing premiums at lower rates than their competitors and thus gaining market share. So with this in mind, might it be time to consider some pricing disinflation at your #veterinaryclinic, if not outright deflation? The laws of supply and demand still reign supreme so don't go dropping prices without significant forethought & strategy though. Still, with year-over-year visit growth being negative for 2+ years per the AVMA (American Veterinary Medical Association)/Vetsource Data Services Industry Tracker it might well be time to give your overall fee structure some serious consideration with the aim of Purpose-driven Profit Maximization! https://lnkd.in/eVrt4ZAS
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What's going on in the wonderful world of insurance..... ?? Courtesy of various Insurance news websites, here's a snapshot of just some of the current ongoings within the industry! ?? * Markerstudy set to withdraw from the "short term" market as it's proving expensive to administer ?? * Pet Insurance premiums rise in H2 of last year. ?? ?? * Van Insurance prices at a 6 year record high ?? * Insurtech funding hits the lowest level since 2018 ?? * Axa to withdraw from the Motorcycle market ?? * Insurance salaries rising quicker than the rate of inflation ?? #Insurancenews #GeneralInsurance #LifeInsurance #Actuarial
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In our most recent Leader Spotlight, Akash Gupta of Fetch Pet Insurance talks about the importance of empowering your analytics and business intelligence teams to find “golden nuggets” of insights among all the noise. #ProductLeadership #BusinessIntelligence
https://blog.logrocket.com/product-management/leader-spotlight-akash-gupta/
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?? Attention Brewery Owners! ?? Looking to save big on your brewery's insurance costs? Look no further! Our agency has been dominating the brewery insurance market in the 1st quarter of 2024, and we've got some exciting news to share. Recently, we quoted a brewery and managed to slash their expenses by a whopping $20,000 annually! How did we do it? By offering a highly competitive product that bundles all your essential coverages into one comprehensive policy. That's right, with our standard market offering, you'll get Property, Liability, Liquor Liability, Employment Practices, and Commercial Auto coverage all in a single package. By bundling these crucial coverages, we're able to deliver major savings directly to you. And here's the kicker: our product is accepted on the standard side, so you won't have to fork out extra thousands in brokerage fees that you'd typically encounter with specialty or admitted markets. It's 2024, and we've revolutionized the insurance game with better products and even better savings. Whether you're in need of a midterm adjustment or gearing up for renewal, we've got you covered. Our seamless transition process ensures that switching over is hassle-free, and the best part? You'll see significant savings on your bottom line. Don't miss out on this opportunity to boost your brewery's profitability. Call, text, or email us today to get a quote for your business. Let's make 2024 the year of savings and success for your brewery! ???? Our services cost you NOTHING. I am contracted and compensated through the insurance carriers. Call - 513.624.0900 x 405 Email - [email protected] Text - 513.457.5160 #BreweryInsurance #Savings #BottomLineBoost
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Agency Owner
3 周Interesting..sounds good yet this company lost 68M in the 3rd qtr and this year a total of 172M in losses.