HCI Group
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InsurTechs, including Lemonade, Root, Hippo, and Metromile, shed some short interest but remain the target of choice for short-sellers. -
The Inside P&C research team looks forward to the big issues of the new year.
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Lemonade, Root, and Metromile remain the focus of short sellers, as most firms see little short interest change.
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The deal follows a similar transaction on northeast business in January.
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Lemonade and Root remain the focal points of short sellers, while Metromile’s stock loan fee rate increases (pending acquisition).
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Short interest fell in InsurTechs, but not enough to ease the pressure on the sector.
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Storm losses were down 30% to $13mn, but the prior-year result had benefitted from a one-off gain.
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Monday’s disclosure showed the company had $78.8mn of gross premiums earned in 2020, and $119.4mn earned in the nine months ended 30 September 2021.
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Root and Lemonade remain the highest-shorted stocks covered, as short interest in most firms remains flat in anticipation of earnings.
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The private equity-backed retail brokers have lessons to teach the sector’s tech start-ups.
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Inside P&C's Research team looks at the prospects of Florida's wave of new arrivals.
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Without any major catalysts, the short interest for the industry was muted, with movement centering around InsurTechs once again.
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