Lemonade passes $1 billion of in-force premium, car insurance expands into Colorado
By Isha Marathe
March 25 - (The Insurer) - Digital insurance company Lemonade's in-force premium has exceeded $1 billion, reflecting a 150% compound annual growth rate within eight years of launch.
“Surpassing $1 billion in IFP with positive free cash flow and a healthy loss ratio is an important milestone for us,” stated Shai Wininger, Lemonade president and co-founder.
“We’ll take a minute to celebrate today’s achievement, and get back to work on our journey to our next 10x!”
Lemonade Car, the company's car insurance business, will begin operations in Colorado on Wednesday as announced at the company's 2024 investor day.
The launch will bring Lemonade’s availability to roughly 40% of the U.S. car insurance market.
"Coloradans spend about $7 billion 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," the company said in the press release.
Lemonade posted its best gross loss ratio ever in Q4 2024, improving 14 points year over year to 63%, The Insurer reported in February.
Related Articles
Should You Invest in the “Magnificent Seven” in 2026? One Stock or All of Them?
TradingKey - The Magnificent Seven defined markets in 2024 and remained at the heart of the 2025 story. Collectively, they have unparalleled control over AThe Magnificent Seven includes Nvidia (NVDA), Apple (AAPL), Alphabet (GOOG) (GOOGL), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), and
January CPI Revives Rate-Cut Hopes; Gold and Silver Rebound, But Is the Bull Run Intact?
TradingKey - During Friday's US session, spot gold surged back above $5,000 to close at $5,043, while silver resumed its rally, breaking through the $75 mark to peak near $79 before closing at $77.43. This movement was primarily driven by data from the U.S. Bureau of Labor Statistics that significan
SpaceX IPO with Dual-Class Shares: Will Musk Secure the 25% Voting Control Denied by Tesla?
TradingKey - SpaceX is preparing for an IPO this year. According to foreign media reports, SpaceX is considering a dual-class share structure for its IPO, which would grant specific shareholders extra voting rights. In other words, Elon Musk could maintain absolute control over the company even if h
Silver Plunges 10%, Gold Tests $4,900: Is the Bull Market Over Ahead of CPI?
TradingKey - Ahead of the release of the U.S. January CPI report, financial markets experienced a sudden broad sell-off on Thursday. Alongside a sharp decline in U.S. equities, prices for commodities such as gold (XAUUSD) also plummeted. Gold dropped nearly $200 within a 30-minute window, a decline
