Lemonade (LMND) Q4 Earnings Top Estimates on Higher Premiums [Yahoo! Finance]
Lemonade, Inc. (LMND)
Company Research
Source: Yahoo! Finance
Quarterly results reflect improved gross earned premiums, driven by an increase in in-force premium earned and lower expense. Behind the Q4 Headlines Revenues increased 30.6% year over year to $115.5 million, driven by an increase in gross earned premium and higher investment income. The top line beat the Zacks Consensus Estimate by 2.1%. Lemonade, Inc. Price, Consensus and EPS Surprise Lemonade, Inc. price-consensus-eps-surprise-chart | Lemonade, Inc. Quote Gross earned premiums soared 20% year over year to $181 million, driven by an increase in in-force premiums earned. Lemonade's in-force premium of $747 million jumped 20%, driven by a 12% increase in the number of customers as well as a 7% increase in premium per customer. Total operating expenses, excluding net loss and loss adjustment expense, decreased 5% year over year to $90 million, attributable to lower employee-related costs. Adjusted EBITDA was negative $28.9 million, narrower than negative $51.7 million
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LMND
News
- Lemonade (LMND) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- Lemonade Announces First Quarter 2024 Financial ResultsBusiness Wire
- Lemonade, Inc. (NYSE: LMND) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $40.00 price target on the stock.MarketBeat
- Lemonade To Announce First Quarter 2024 Financial ResultsBusiness Wire
- Lemonade (LMND) Expands in France With Homeowners Insurance [Yahoo! Finance]Yahoo! Finance
LMND
Earnings
- 4/30/24 - Beat
LMND
Sec Filings
- 5/1/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/24/24 - Form DEFA14A
- LMND's page on the SEC website