Tag: Lemonade

Financial, Risk Management

Lemonade faces uphill battle as profitability remains elusive: BMO Capital Markets

September 29, 2023

Via: Reinsurance News

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 […]


Lemonade to acquire Metromile as auto insurer’s valuation falls to $500m

November 9, 2021

Via: Reinsurance News

AI-powered insurtech Lemonade has entered into a definitive agreement to acquire pay-per-mile auto insurer, Metromile Inc., in an all-stock transaction that implies a fully diluted equity value of roughly USD 500 million, or just over USD 200 million net of […]