In a recent analyst report by BMO Capital Markets, Lemonade, the innovative insurtech company, has found itself in a precarious financial position, with its profitability prospects looking increasingly distant.
The report highlights several key factors contributing to Lemonade’s challenges, including its significant cash burn rate, rising reinsurance costs, and supply constraints in the reinsurance market.
According to the analysts, the elusive light of profitability at the end of the tunnel appears increasingly distant for Lemonade.
