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Lemonade stockThe Motley Fool
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81% Informative
Insurance technology company Lemonade uses AI chatbots to serve customers, and AI models to price premiums and manage its operations.
Lemonade ended Q3 with record in-force premium (the value of premiums from all active policies) of $889 million , a 24% increase from the year-ago period.
The company's gross loss ratio (the percentage of premiums it pays out as claims) fell to 73% during Q3 , which was the lowest level in four years .
Lemonade stock could be a great buy for long-term investors.
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now and Lemonade wasn't one of them.
Consider when Nvidia made this list on April 15, 2005 ... if you invested $ 1,000 at the time of our recommendation, you’d have $ 833,729 !.
VR Score
82
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17
Source diversity
3
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