Lemonade

The Insurance Insider US news team runs you through the earnings results for the day.

Fourth-quarter results saw larger profits, but 2024 guidance was subdued.

The company reported 24% top line growth in Q4 2023.

The agreement has been extended an additional year through December 2025, and an incremental $140mn will be made available to Lemonade.

The decision is based on the belief that the clarity provided under the old structure outweighs the benefits of the co-CEO structure that was put in place two years ago.

Following its earnings report on Wednesday, Lemonade’s stock hit $14.80 per share on Thursday morning, nearly 35% higher than the previous close and the highest since mid-August.

The Inside P&C news team runs you through the earnings results for the day.

On the surface, InsurTech results were better than the noise from incumbents, but caution is needed to ascertain the quality of new business coming in during a time when even industry leaders stumble.

The InsurTech formed a new Cayman Island-domiciled risk bearing entity Lemonade Re, where it plans to hold some of the retained risk.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The Inside P&C news team runs you through the earnings results for the day.

“Tomorrow will be a better day.” “Next year will be a better year.” “The coming decade will be when this industry realizes its true potential.” We hear the same for most public enterprises.