LMND / NYSE
Lemonade
Lemonade 以数字化分发、自动化理赔和数据驱动的风险定价提供租客、房屋、宠物、车险与人寿保险。
投资逻辑
Lemonade 的长期研究重点，是保费规模增长、客户价值提升与承保质量改善能否同时持续。该判断由研究者人工维护。
Insurance Company Research Page
当前研究假设
Lemonade 的长期研究重点，是保费规模增长、客户价值提升与承保质量改善能否同时持续。该判断由研究者人工维护。
Confidence: manual / Updated: 2026-06-02 / Manual input
Demand Signals
LMND Demand Index
免费、可自动化或半自动化数据观察 Lemonade 需求热度。Google Trends 为相对搜索指数，App Store 评论数只作为弱代理，Website traffic is manual / optional。
2026-07-20
LMND Demand Index
81.1
Google Trends Score
76.6
Brand Search Score
81.6
Product Search Score
76.7
Investor Attention Score
51.2
App Store Score
97
App Rating
4.8
App Rating Count
85,866
Website Monthly Visits
--
Last Updated
2026-07-20
12个月 Google Trends
Lemonade insurance / US
5年 Google Trends
Lemonade insurance / US
Investor Attention vs LMND Price
Lemonade stock search interest vs weekly LMND close indexed to 0-100
$67.18
Price source美国州搜索热度
Top states / Lemonade insurance
Texas
100.0
District of Columbia
92.0
Colorado
88.0
Oregon
85.0
Nevada
80.0
California
79.0
Washington
76.0
Arizona
72.0
Illinois
68.0
New Jersey
62.0
New York
62.0
Georgia
59.0
App rating count 变化
Apple iTunes Search API snapshot history
Demand Index 历史趋势
Weekly snapshots retained in data/lmnd-demand.json
Formula: Google Trends Score = Brand * 0.5 + Product * 0.4 + Investor Attention * 0.1. LMND Demand Index = Google Trends * 0.7 + App Store * 0.2 + Website * 0.1; when Website is missing, Google Trends * 0.78 + App Store * 0.22.
Sources: Google Trends via pytrends or pytrends-modern; Apple iTunes Search API; Yahoo Finance chart API for LMND price; optional manual website traffic file. Website traffic is manual / optional. Related queries and state interest come from Google Trends where available.
保险经营快照
Insurance Operating Snapshot / 使用 Lemonade 官方季度披露。估算口径单独列示。
2026Q1
In Force Premium
1,333.2
USD millions
Customers
3,142,581
customers
Premium per Customer
424
USD
Annual Dollar Retention
85
percent
Gross Loss Ratio
62
percent
Adjusted EBITDA
-17.1
USD millions
Free Cash Flow
-4.1
USD millions
Estimated LTV / CAC
4.5
x / mechanical estimate
估算口径
Estimate Definitions / 仅展示最新季度 2026Q1 的估算值。历史变化见下方趋势图。
IFP / Sales & Marketing
20.2 x
IFP / quarterly Sales & Marketing expense
Estimated New Customers
269,987.2 customers
Current customers - prior-quarter customers + prior-quarter customers x (1 - ADR) x 0.25
Estimated CAC
244.8 USD
Quarterly Sales & Marketing expense / estimated new customers
Estimated LTV
1,102.4 USD
Premium per Customer x gross profit margin / (1 - ADR)
Estimated LTV / CAC
4.5 x
LTV = Premium per Customer x gross profit margin / (1 - ADR); LTV / estimated CAC
核心指标趋势图
Core Metric Trends / 当前展示 2023Q1–2026Q1 官方可比季度序列。空白区间明确标记。
In Force Premium
USD millions
Customers
customers
Premium per Customer
USD
Annual Dollar Retention
percent
Gross Loss Ratio
percent
Not disclosed: 2023Q1–2023Q4
Gross Margin
percent
Adjusted EBITDA
USD millions
Not disclosed: 2023Q1–2023Q4
Free Cash Flow
USD millions
Estimated LTV / CAC
x
IFP / Sales & Marketing
x
费用率趋势图
Expense Ratio Trends / 以当季 Total Revenue 为分母，展示 2023Q1–2026Q1 官方披露费用项。
财务费用率 = financing interest expense / revenue
研究时间线
Research Timeline / 官方 Shareholder Letter 与 SEC 文件。
2026-04-30
sec-filing
Lemonade filed 2026Q1 Form 10-Q or Form 10-K
Official SEC filing published.
Official source2026-04-29
shareholder-letter
Lemonade published 2026Q1 shareholder letter
Official quarterly operating metrics were published.
Official source2026-02-19
shareholder-letter
Lemonade published 2025Q4 shareholder letter
Official quarterly operating metrics were published.
Official source2025-11-05
shareholder-letter
Lemonade published 2025Q3 shareholder letter
Official quarterly operating metrics were published.
Official source2025-08-05
shareholder-letter
Lemonade published 2025Q2 shareholder letter
Official quarterly operating metrics were published.
Official source最新文章
这家公司相关研究正在建设中。
财报笔记
预留给季度财报、电话会摘要、指引变化和管理层表述追踪。
风险
- 巨灾事件和赔付波动可能使季度损失率显著变化。
- 快速增长需要持续投入获客，并依赖承保模型、定价和再保险安排。
- 公司仍处于亏损阶段，现金流和盈利路径需要持续验证。
时间线
2015
公司成立。
2020
Lemonade 在纽约证券交易所上市。
2022
Lemonade 完成对 Metromile 的收购。