Latest news with #ShaiWininger
Business Wire
6 days ago
- Business
- Business Wire
Lemonade's 2025 Giveback Donates Over $2.1M to Nonprofits
NEW YORK--(BUSINESS WIRE)--Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, today announced its 2025 Giveback, marking the ninth consecutive year of turning leftover premiums into life-changing support for communities around the world. "Our customers don't just protect their property and pets-they're opening doors to clean water in dry African countries, rebuilding communities after disasters, and giving homeless youth the chance to dream bigger." This year's Giveback donated $2,104,557 to 45 nonprofit organizations across the US and EU. With the 2025 donations, Lemonade has now contributed over $12 million to more than 100 nonprofit organizations since its founding. See the full impact report here. Unlike traditional insurance models that profit from unclaimed premiums, Lemonade's Giveback program allocates leftover money to causes chosen by customers when they purchase insurance policies. This unique business model transforms insurance from a simple transaction into a powerful force for good—creating a community of insurers, customers, and nonprofit partners working together to solve real problems. "When our customers choose Lemonade, they're not just protecting their property and pets—they're opening doors to clean water in dry African countries, rebuilding communities after disasters, and giving homeless youth the chance to dream bigger. That's the heart of what we do. Every policy becomes a bridge between someone protecting the things they care about most, and someone else getting the help they desperately need. After nine years, I'm still moved by how our community transforms insurance from a transaction into an act of hope," said Shai Wininger, co-founder and President. The 2025 Giveback reached across continents and communities to address some of the world's most pressing challenges. In Uganda, donations brought clean drinking water to 4,000 people in communities long affected by scarcity. In the United States, emergency medical aid and wildfire relief reached 4,000 individuals during critical moments when every second mattered. The impact extended into classrooms, providing educational support for over 294,000 students across 1,700 schools, while also offering STEM education and college prep to more than 3,500 homeless youth in New York City—opening doors to futures that once seemed out of reach. Meanwhile, affordable housing projects helped 30 families across the country build not just homes, but also stability, dignity, and hope for generations to come. 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 us on X and Instagram for updates. 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 global expansion of the Company and the continuation of the Company's Giveback program. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results or achievements expressed or implied to be materially different from any future results or achievements, including, but not limited to the following: the possibility that we could be forced to modify or eliminate our Giveback; our ability to expand our product offerings; and risks associated with any costs incurred and other risks as we expand our business in the U.S. and internationally. These and other important factors are 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. 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.
Business Wire
30-06-2025
- 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.
Yahoo
25-03-2025
- Automotive
- Yahoo
Lemonade: $1 Billion in Premiums
Lemonade Car expands to Colorado NEW YORK, March 25, 2025--(BUSINESS WIRE)--Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, has passed $1 billion of In Force Premium (IFP). This marks a significant milestone for the company, coming just 8.5 years after selling its first policy, and reflecting a ~150% compound annual growth rate. This rapid growth was enabled by Lemonade's investment in technology, broad product portfolio, deep geographic reach, and a persistent focus on building the best customer experience. "Surpassing $1B in IFP with positive free cash flow and a healthy loss ratio is an important milestone for us," stated Shai Wininger, Lemonade President and cofounder. "We'll take a minute to celebrate today's achievement, and get back to work on our journey to our next 10x!" As laid out at the recent Investor Day, Lemonade Car will play a key role in the company's accelerating growth plan. The company also announced the launch of Lemonade Car in Colorado beginning tomorrow, bringing Lemonade's availability to roughly 40% of the US car insurance market. Coloradans spend about $7B on car insurance annually, with Lemonade's existing Colorado customers spending hundreds of millions a year on car insurance, making the state a promising market for Lemonade Car. To check out Lemonade's full Investor Day or for more information, go to For more details on Lemonade Car, visit 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 St, 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 our statements regarding our anticipated financial performance, our growth to $10 billion, our expectations regarding our growth, in force premium, gross profits and cashflow, costs, loss ratios and other financial and operating information. 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. 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 with the SEC on February 26, 2025, and in our other 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. View source version on Contacts Press contact: Natalie Wilsonpress@ Sign in to access your portfolio
