Latest news with #Lemonade
Yahoo
a day ago
- Business
- Yahoo
Can Lemonade's Reinsurance Renewal Boost Financial Flexibility?
Lemonade Inc. LMND, known for its AI-led insurance model, has announced the renewal of its reinsurance program. This strategic step supports the company's continued growth and stability across the United States and Europe, where it offers renters, homeowners, car, pet, and life insurance through a fully digital, paperless experience. While the reinsurance supports Lemonade in maintaining capital efficiency, stabilizing earnings, and scaling its insurance offerings, it has decided to lower its quota share reinsurance ceded to third parties. Starting July 1, the insurer plans to decrease its quota share reinsurance ceded to third parties from roughly 55% to 20%. This move underscores its growing diversification, enhanced underwriting discipline and continued improvement in loss ratio trends. With reinsurance carrying inherent costs, the company's steady advancements will likely enable it to retain more risk, strengthen its margins, and maintain a capital-light approach. The program covers all Lemonade businesses globally, and the primary quota share carriers will remain unchanged. The company also intends to renew its additional reinsurance arrangements, including Property Per Risk coverage, with terms anticipated to remain largely consistent with the existing agreements. The updated program will run for a standard 12-month period. Reducing dependence on reinsurance strengthens Lemonade financially by allowing it to retain more premiums, leading to increased revenue recognition and improved underwriting margins, provided claims remain stable. This shift may also raise unearned premium reserves on the balance sheet and enhance operating cash flow, ultimately supporting a more efficient capital structure and stronger financial position. Allstate Corporation ALL adjusted its reinsurance approach in 2025 to align with regional risk and capital efficiency. It reduced Florida catastrophe coverage while expanding nationwide reinsurance capacity to $9.5 billion via catastrophe bonds. This move by Allstate reflects a strategy to retain more risk, leveraging third-party capital to effectively protect against severe loss events. Travelers Companies Inc. TRV raised its catastrophe excess-of-loss retention to $4 billion in 2025, expanding coverage and relying entirely on private reinsurers. Travelers also increased Northeast XoL protection by $150 million, signaling a strategic shift toward higher risk retention supported by strong capital and catastrophe bonds. In the year-to-date period, Lemonade's shares have gained 19.5% outperforming the industry and the Zacks S&P 500 Composite. Image Source: Zacks Investment Research From a valuation standpoint, LMND has a price-to-book ratio of 5.8, higher than the industry average of 2.7. Lemonade carries a Value Score of F. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Lemonade's 2025 earnings implies 1.4% growth year over year, followed by a 30.6% increase next year. Image Source: Zacks Investment Research The stock currently carries a Zacks Rank #3 (Hold).You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
INTRODUCING NOWADAYS LEMONADE, A NEW LIMITED-EDITION SUMMER OFFERING FROM THE AWARD-WINNING THC BEVERAGE BRAND
Tart Yet Smooth and Infused with 5mg THC, Nowadays Latest Addition is Available Nationwide in Both Bottled Spirit and Canned Cocktail Formats LOS ANGELES, July 1, 2025 /PRNewswire/ -- Nowadays, the pioneering THC-infused beverage brand, is serving up its boldest twist yet with the launch of its latest limited-edition flavor: Lemonade! Dropping just in time for peak summer sipping, the new offering is now available in both multi-serve bottle and ready-to-drink 12oz can formats–each infused with 5mg THC per serving. Tart, crisp and effortlessly refreshing, Nowadays Lemonade is a modern twist on the classic summer drink, providing a light and social buzz within 15 minutes. Whether you're crushing cans pool-side, savoring the tangy taste of the spirit over ice or mixing it up in a cocktail like a Nowadays Arnold Palmer, this versatile new flavor is made to elevate any setting this season without the hangover. "We're excited to debut our Lemonade flavor as the ultimate summer beverage for a lifted experience," said Justin Tidwell, CEO & Founder of Nowadays."This launch represents our mission to redefine the future of drinking, combining the timeless appeal of a classic flavor with a bold, innovative twist to delight existing brand fans and new consumers alike." This launch marks the brand's third limited edition of its signature bottled spirit and its first flavor expansion for canned cocktails since they were introduced in August 2024. Given the positive success and quick sell outs of the previous LTOs–Cranberry and Cherry–Nowadays increased production for its latest release and are offering two formats for the first time. While a larger quantity of Lemonade was batched, it will still only be available while supplies last. In addition to expanding its portfolio of THC beverages, Nowadays is also expanding its reach with activations at major cultural events like F1 Miami and through a multifaceted partnership with Palm Tree Crew, announced earlier this month. With these strategic initiatives, Nowadays is further cementing its role as a trailblazer in the THC beverage category and redefining how consumers celebrate life's most vibrant moments. Nowadays Lemonade is now available for direct-to-consumer purchase on with shipping to 40+ states and will roll out in select retail locations nationwide. The THC-infused bottled spirit is priced at $68.99 for 750mls, while the 12oz THC Canned Cocktails are priced at $34.00 for a six-pack. To learn more about Nowadays, visit and follow the brand on Instagram at @trynowadays and TikTok at @ About NowadaysFounded in 2023 by longtime friends and entrepreneurs, the company exists to put a new spin on drinking. Nowadays is a pioneering THC-infused beverage brand designed to deliver a light and buzzy experience without the negative effects of alcohol. Refreshingly different, Nowadays brings together natural fruit flavors with a crisp finish and low doses of THC for the happiest of happy hours. Mix it, sip it, and serve it on the rocks. Whether you're drinking or not drinking, Nowadays' bottled spirit and canned cocktails provide an uplifting experience for any occasion. Nowadays is available direct-to-consumer in more than 40 states and can be found in select designated retailers. For more information, visit and follow along on social media @trynowadays. Media Contact:nowadays@ View original content to download multimedia: SOURCE Nowadays Sign in to access your portfolio
Business Wire
2 days ago
- Business
- Business Wire
Lemonade Announces Successful Renewal of Reinsurance Program
NEW YORK--(BUSINESS WIRE)--Lemonade, Inc. (NYSE: LMND), the digital insurance company powered by AI and social impact, announced that its reinsurance program is being renewed. Given strong progress in the company's diversification, underwriting prowess and loss ratio trajectory, the Company has chosen to reduce the ceded proportion of its quota share reinsurance from approximately 55% to approximately 20%, effective July 1. The variable ceding commission rate related to the quota share agreements is expected to be roughly equivalent to that of the expiring agreements. The program covers all Lemonade businesses globally, and the primary quota share carriers will remain unchanged. 'This year, we continued to reduce our reinsurance overhead, which is a reflection of how much stronger and more precise our tech based underwriting and pricing machines have become,' said Shai Wininger, Lemonade's President and cofounder. 'Reinsurance comes at a cost, and thanks to years of steady improvements, we're now in a position to retain more of the risk ourselves, improve margins, and stay capital-light—all while continuing to work with some of the world's top reinsurers.' The Company expects to renew its other ancillary reinsurance programs, including Property Per Risk (PPR) coverage, at terms roughly in line with expiring agreements. The new program will be in effect for a standard 12-month term. About Lemonade Lemonade offers renters, homeowners, car, pet, and life insurance. Powered by artificial intelligence and social impact, Lemonade's full stack insurance carriers in the US and the EU replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. A Certified B-Corp, Lemonade gives unused premiums to nonprofits selected by its community, during its annual Giveback. Lemonade is currently available in the United States, Germany, the Netherlands, France, and the UK, and continues to expand globally. Follow @lemonade_inc on X for updates. FORWARD LOOKING STATEMENTS Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this press release are forward-looking statements, including the impact or effectiveness of the reinsurance program and financial expectations for Q2 and the full year 2025. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements expressed or implied to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to the following: our history of losses and that we may not achieve or maintain profitability in the future; our success and ability to retain and expand our customer base; the 'Lemonade' brand may not become as widely known as incumbents' brands or the brand may become tarnished; the denial of claims or our failure to accurately and timely pay claims; our ability to attain greater value from each user; availability of reinsurance at current levels and prices; our exposure to counterparty risks; our limited operating history; our ability to manage our growth effectively; our proprietary artificial intelligence algorithms may not operate properly or as expected; the intense competition in the segments of the insurance industry in which we operate; our ability to maintain our risk-based capital at the required levels; our ability to expand our product offerings; the novelty of our business model and its unpredictable efficacy and susceptibility to unintended consequences; the possibility that we could be forced to modify or eliminate our Giveback; regulatory risks, related to the operation, development, and implementation of our proprietary artificial intelligence algorithms and telematics based pricing model; legislation or legal requirements that may affect how we communicate with customers; the cyclical nature of the insurance industry; our reliance on artificial intelligence, telematics, mobile technology, and our digital platforms to collect data that we utilize in our business; our ability to obtain additional capital to the extent required to grow our business, which may not be available on terms acceptable to us or at all; our actual or perceived failure to protect customer information and other data as a result of security incidents or real or perceived errors, failures or bugs in our systems, website or app, respect customers' privacy, or comply with data privacy and security laws and regulations; periodic examinations by state insurance regulators; underwriting risks accurately and charging competitive yet profitable rates to customers; our ability to underwrite risks accurately and charge competitive yet profitable rates to our customers; potentially significant expenses incurred in connection with any new products before generating revenue from such products; risks associated with any costs incurred and other risks as we expand our business in the U.S. and internationally; our ability to comply with extensive insurance industry regulations; our ability to comply with insurance regulators and additional reporting requirements on insurance holding companies; our ability to predict the impacts of severe weather events and catastrophes, including the effects of climate change and global pandemics, on our business and the global economy generally; increasing scrutiny, actions, and changing expectations on environmental, social, and governance matters; our agreement with General Catalyst as a synthetic agent may not function as expected; fluctuations of our results of operations on a quarterly and annual basis; our utilization of customer and third party data in underwriting our policies; limitations in the analytical models used to assess and predict our exposure to catastrophe losses; potential losses could be greater than our loss and loss adjustment expense reserves; the minimum capital and surplus requirements our insurance subsidiaries are required to have; assessments and other surcharges from state guaranty funds; our status and obligations as a public benefit corporation; our operations in Israel and the current political, economic, and military instability, including the evolving conflict in Israel and surrounding region; enactment of legislation, or other government actions, implementing changes in tax legislation or trade policies in different geographic jurisdictions may impact our business, financial condition and results of operations. These and other important factors described under the caption 'Risk Factors' in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed on February 26, 2025, and in our other subsequent filings with the SEC, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's beliefs as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. NEWS & INFORMATION DISCLOSURE Investors should note that we may use our website ( blog ( X (@Lemonade_Inc), and LinkedIn as a means of disclosing information and for complying with our disclosure obligations under Regulation FD. The information we post through these channels may be deemed material. Investors should monitor these channels in addition to reviewing our press releases, SEC filings, and public conference calls.
Associated Press
2 days ago
- Entertainment
- Associated Press
TOPGOLF LAUNCHES EXCLUSIVE EXPERIENCE INSPIRED BY MARVEL STUDIOS' "THE FANTASTIC FOUR: FIRST STEPS," IN THEATERS JULY 25
Topgolf Players will receive a free order of donut holes when they bring a group of four to play new experience DALLAS, June 30, 2025 /PRNewswire/ -- Topgolf is flexing its fantastic powers from June 30 through Sept. 15 with a new, in-venue experience inspired by Marvel Studios' 'The Fantastic Four: First Steps,' in theaters July 25. Players across all U.S. venues and Glasgow can jump into this fantastic new universe in Topgolf's second Marvel Studios collaboration. Fantastic Fun Players will travel from the Baxter Building to the depths of outer space while enjoying the Marvel Studio's 'The Fantastic Four: First Steps"-themed takeover of Block Party, Topgolf's all-skill-levels digital experience that celebrates Players aiming anywhere to score points. Bonus: Bring a group of four (4) or more Players and receive a free order of donut holes-in-one by simply asking their bay host during their visit. The offer is available all day, every day, at all U.S. locations from June 30 – Sept 15, 2025. Limit of one (1) free order per bay, per visit. Offer valid only at Topgolf bays. Not valid at Lounge, Swing Suite or Toptracer Range locations. Fantastic Deals There's no need for Players to bend or stretch their pocketbooks for a chance to test their skills while playing this limited-time experience. Every day of the week, Topgolf is serving up value-packed deals that are big on fun and light on the wallet: Fantastic Bites Topgolf's fan-favorite injectable donut holes-in-one are as delicious as they sound. Cinnamon-sugar dusted donut holes are accompanied by injectable fillings such as chocolate sauce, Bavarian Cream and Raspberry Jelly. It's the perfect excuse to play with your food. To top off the summer bites, Topgolf is offering limited-time menu items priced for the squad. Think: Frozen cocktails (Lemonade, Margarita and Pina Colada) with a swirl upgrade; a Rocket Berry Mojito with watermelon sugar-free or original energy drink; Red, White & Boba Refreshers made with lemon-lime soda, blueberry popping boba pearls, strawberry and sweet cream cold foam; Basil Peach Palmer, a traditional palmer infused with basil and peach; Teeline Treat Trolley with novelty cold treats; and $5 Beers and $6-8 Margaritas (price is market dependent). What They Said Topgolf Vice President Global Partnerships Rodney Ferrell: 'Fun and innovative brand collaborations enhance the good time experience that Topgolf is known and loved for. This marks our second experience with Marvel, following the success of Marvel Studios' 'Captain America: Brave New World,' and we're thrilled to bring this next chapter to life while deepening our connection with Marvel fans and amplifying the energy that both brands embody.' Holly Frank, Walt Disney Studios VP, Partnership Management and Operations, Marvel: 'We're thrilled to be expanding the Fantastic Four fun beyond the screen - teaming up with Topgolf to give fans the chance to swing, score, and celebrate alongside Marvel's First Family.' About Topgolf A Topgolf Callaway Brands Corp. (NYSE: MODG) brand, Topgolf is the ultimate instigator of play. Thanks to our 100+ venues around the globe, powered by industry-leading Toptracer technology, we're leading the charge of modern golf. We offer a variety of tech-driven games, a top-tier food and drink menu, space to host large events, and a vibe focused on more play for all. To learn more, plan an event, or make plans to come play around, visit About Topgolf Callaway Brands Topgolf Callaway Brands Corp. (NYSE: MODG ) is an unrivaled tech-enabled Modern Golf and active lifestyle company delivering leading golf equipment, apparel and entertainment, with a portfolio of global brands including Topgolf, Callaway Golf, TravisMathew, Odyssey and OGIO. 'Modern Golf' is the dynamic and inclusive ecosystem that includes both on-course and off-course golf. Learn more at About Marvel Studios' 'The Fantastic Four: First Steps' Set against the vibrant backdrop of a 1960s-inspired, retro-futuristic world, Marvel Studios' 'The Fantastic Four: First Steps' introduces Marvel's First Family—Reed Richards/Mr. Fantastic (Pedro Pascal), Sue Storm/Invisible Woman (Vanessa Kirby), Ben Grimm/The Thing (Ebon Moss-Bachrach) and Johnny Storm/Human Torch (Joseph Quinn) as they face their most daunting challenge yet. Forced to balance their roles as heroes with the strength of their family bond, they must defend Earth from a ravenous space god called Galactus (Ralph Ineson) and his enigmatic Herald, Silver Surfer (Julia Garner). And if Galactus' plan to devour the entire planet and everyone on it weren't bad enough, it suddenly gets very personal. The action-adventure also stars Natasha Lyonne, Paul Walter Hauser, Sarah Niles and Mark Gatiss. Directed by Matt Shakman, produced by Kevin Feige and executive produced by Louis D'Esposito, Grant Curtis, Tim Lewis and Robert Kulzer, Marvel Studios' 'The Fantastic Four: First Steps' opens in theaters July 25, 2025. View original content to download multimedia: SOURCE Topgolf
Yahoo
5 days ago
- Business
- Yahoo
Lemonade (LMND) Moves 9.4% Higher: Will This Strength Last?
Lemonade (LMND) shares soared 9.4% in the last trading session to close at $44.31. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 31% gain over the past four weeks. LMND remains focused on accelerating growth and improving efficiencies by acquiring profitable new businesses and increasingly focusing on the car insurance business. It believes the car insurance business will become a major growth engine for the company. This insurer now wants to grow business by ten fold in near future. Lemonade is focusing more on technology and AI as it gives structural advantage as well as competitive advantage. It has pursued various strategic initiatives for CAT exposure, including geographic diversification, product diversification, introducing partners with whom it places a premium in certain regions, and targeted non-renewals in CAT-exposed areas. Lemonade noted that diversification has helped it deliver sustained sequential improvement in the gross loss ratio. This company is expected to post quarterly loss of $0.78 per share in its upcoming report, which represents a year-over-year change of +3.7%. Revenues are expected to be $163.39 million, up 33.9% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For Lemonade, the consensus EPS estimate for the quarter has been revised 0.8% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on LMND going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Lemonade is part of the Zacks Insurance - Multi line industry. International General Insurance Holdings Ltd. (IGIC), another stock in the same industry, closed the last trading session 3.7% lower at $22. IGIC has returned -0.4% in the past month. International General Insurance's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.55. Compared to the company's year-ago EPS, this represents a change of -25.7%. International General Insurance currently boasts a Zacks Rank of #4 (Sell). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lemonade, Inc. (LMND) : Free Stock Analysis Report The Cheesecake Factory Incorporated (CAKE) : Free Stock Analysis Report FedEx Corporation (FDX) : Free Stock Analysis Report California Resources Corporation (CRC) : Free Stock Analysis Report International General Insurance Holdings Ltd. (IGIC) : Free Stock Analysis Report American Well Corporation (AMWL) : Free Stock Analysis Report Duolingo, Inc. (DUOL) : Free Stock Analysis Report QXO, Inc. (QXO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
