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Does Lemonade Have Enough Cash to Survive?

It has $1 billion in cash, but continues to lose money and has yet to prove it can write profitable insurance policies.

By Jason Hall and Jeff Santoro – Mar 26, 2023 at 5:08AM EST

Lemonade (LMND +1.14%) has proven an increasingly popular company, with great AI-powered customer service tools. But it continues to burn through its cash reserve, and its AI-powered insurance underwriting model hasn't proven successful. In this video, Motley Fool contributors Jeff Santoro and Jason Hall discuss whether the money on its balance sheet is enough, and why there's potentially a bigger concern. 

*Stock prices used were from the afternoon of March 23, 2023. The video was published on March 26, 2023.

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About the Author

Jason Hall
Jason Hall is a contributing Motley Fool stock market analyst with more than a decade of experience writing about dividend stocks and long-term investing. He has been with the company since 2012 and previously spent over 10 years in technical sales in the printing and information services industry. Jason also founded and operated a small food manufacturing business.
TMFVelvetHammer
X@thesmattering

Jason Hall has positions in Lemonade. Jeff Santoro has positions in Lemonade. The Motley Fool has positions in and recommends Lemonade. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. 

Stocks Mentioned

Lemonade Stock Quote
Lemonade
NYSE: LMND
$56.64
(+1.14%)+$0.64

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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