Lemonade Inc
NYSE:LMND

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Lemonade Inc
NYSE:LMND
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Price: 41.27 USD 3.43%
Market Cap: 2.9B USD
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Lemonade Inc
Investor Relations

Lemonade Inc., founded in 2015, has sought to disrupt the traditional insurance industry by infusing it with technology to cater to a new generation of digitally-savvy consumers. Co-founders Daniel Schreiber and Shai Wininger envisioned an insurance experience that was aligned with customers' expectations in an increasingly digital world. Leveraging artificial intelligence and behavioral economics, Lemonade offers renters, homeowners, pet, and, more recently, life insurance through a mobile app and website. The company positions itself as a friendly and transparent alternative to conventional insurers, drawing customers with swift policy issuance and claims processing, often completed in seconds via AI-driven interactions.

Lemonade’s revenue model is built on a standard insurance structure, but with a modern spin. Customers pay a premium to Lemonade, which is a fixed percentage of the total insured value. From these premiums, Lemonade takes a flat fee, ensuring alignment with their mission of not profiting directly from denied claims, which reduces the potential for conflict of interest. The remainder is used to pay claims and cover reinsurance, with any leftover portion donated to causes chosen by the policyholders, in what's called the "Giveback" program. This business approach not only appeals to the socially conscious millennial demographic but also aims to maintain ethical alignments by associating risk management with altruism, setting Lemonade apart in a crowded marketplace.

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Management

Mr. Shai Wininger Gavish
Co-Founder, President & Director
No Bio Available
Mr. Timothy E. Bixby
CFO & Principal Accounting Officer
No Bio Available
Ms. Adina Eckstein
Chief Operating Officer
No Bio Available
Mr. John Sheldon Peters
Chief Insurance Officer
No Bio Available
Ms. Maya Prosor
Chief Business Officer
No Bio Available
Dennis Monaghan
General Counsel & Secretary
No Bio Available
Ms. Yael Wissner-Levy
Head of Content and Communications
No Bio Available
Gavin Blair
Senior Vice President of Customer Operations
No Bio Available
Mr. Sean John Burgess
Chief Claims Officer
No Bio Available
Mr. Dan Richard Preston
Senior VP of Strategic Initiatives
No Bio Available

Contacts

Address
NEW YORK
New York City
5 Crosby Street, 3Rd Floor
Contacts
+19176089499.0
www.lemonade.com