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-0.000156079288278525 7.80396441391517E-05 -0.00226314968003751 -0.00124863430622765 -0.00351178398626504 -0.00249726861245518 -0.00319962540970822 -0.00296550647729054
Stock impact report

Why Lemonade's Progress Toward Profitability And Free Cash Flow Make The Stock A Buy [Seeking Alpha]

MetLife, Inc. (MET) 
Last metlife, inc. earnings: 2/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.metlife.com
Company Research Source: Seeking Alpha
The company aims to focus on rate accuracy rather than rate adequacy as inflation subsides and management believes in the potential of its AI models. Lemonade's customer base is growing, with a rising premium per customer and improving revenue from insurance premiums. However, caution is advised due to its past projections falling short. I wrote about Lemonade ( NYSE: LMND ) less than 2 months ago, rating the stock a speculative buy on October 19, 2023. I rated the stock a speculative buy because it has a high potential upside if its AI models prove that it can consistently bring down the company's gross loss ratio below 75% and help bring Lemonade to overall profitability. The company recently reported solid third-quarter earnings on November 1 that displayed a year-over-year improvement in the gross loss ratio, a continued reduction in operating expenses, and beat analyst consensus estimates on the top and bottom lines. The company also projected fourth-quarter revenue of $107 Show less Read more
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