Lemonade slides as gross written premiums miss estimates
BUZZ-Lemonade slides as gross written premiums miss estimates ** Shares of insurer Lemonade LMND.N down 22% to $48.26
** It reports gross written premium of $380.8 million versus below analysts' estimates of $396.4 million - data compiled by LSEG
** Co reports a net loss of $43.4 million, compared with analysts' estimate of a loss of $43.18 million, according to data compiled by LSEG
** "We steadily progress towards our first adj. EBITDA positive quarter, which we continue to expect in Q4 2026," Lemonade said in a shareholder letter
** Separately, LMND says Nick Stead, 33, currently senior vice president finance, will become chief financial officer effective Jan. 1, 2027
** Stead will succeed Tim Bixby, who will transition from CFO to a Class III member of the board
** Including session's move, stock down 32.4% YTD
(Reporting by Pragyan Kalita in Bengaluru)
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Lemonade slides as gross written premiums miss estimates
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