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Lemonade Insurance Company was founded in 2015 and is headquartered in New York. The company offers innovative insurance solutions including homeowners’ and renters’ insurance, contents and liability insurance, and more. Lemonade operates in the US, Germany and the Netherlands, and has declared plans to continue expanding globally. The company replaces traditional insurance methods that include brokers and bureaucracy with technologies that are based on Artificial Intelligence (AI), bots, behavioural economics, and more. The public company includes three different subsidiaries: Lemonade Insurance Company, which is focused on issuing policies and paying insurance claims; Lemonade Insurance Agency, LLC, which acts as a sales agent for Lemonade Insurance Company as well as provides different underwriting and claims services; and Lemonade, Ltd., which is focused on developing and providing technology solutions, conducting research, and more. In 2020, Lemonade was rated A-Exceptional for the company’s financial stability by financial analysis firm Demotech. In 2020, the company announced its initial public offering (IPO) at $29.00 per share and began trading on the New York Stock Exchange under the ticker symbol “LMND.” Add this financial instrument to your watchlist and get the latest updates on LMND price movements.
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