Lemonade's Massive Opportunity to Disrupt Insurance Might Surprise You

By Matt Frankel and Tyler Crowe – May 17, 2023 at 7:03AM

NYSE: LMND

Lemonade

Market Cap

$1B

Today's Change

(-0.24%) -$0.04

Current Price

$17.37

Price as of April 25, 2024, 12:09 p.m. ET

It might not be the technology that is the biggest asset to insurance innovators.

At Berkshire Hathaway's (BRK.A -0.46%) (BRK.B -0.48%) recent annual meeting, insurance head Ajit Jain said that GEICO is behind on technology and is investing heavily to catch up. This might spell trouble for insurance disruptors like Lemonade (LMND -0.24%), but in this video I discuss why tech might not even be the biggest opportunity Lemonade has.

*Stock prices used were the midday prices of May 15, 2023. The video was published on May 15, 2023.

Matthew Frankel, CFP® has positions in Berkshire Hathaway and Lemonade. Tyler Crowe has positions in Berkshire Hathaway. The Motley Fool has positions in and recommends Berkshire Hathaway and Lemonade. The Motley Fool has a disclosure policy.

Matthew Frankel 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.