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Lemonade, Inc. is an American insurance company. The company offers renters' insurance , homeowners' insurance , car insurance , pet insurance , and term life insurance in the United States , as well as contents and liability policies in Germany and the Netherlands and renters' insurance in France .
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On 8 November 2021, Lemonade, Inc. announced that it would fully acquire Metromile in an all-stock transaction which implies a fully diluted equity value of approximately $500 million, or around $200 million net of cash. [23] The acquisition completed on 28 July 2022. Following the acquisition, Lemonade laid off 20% of Metromile's staff. [24]
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A person sitting at a laptop drinks lemonade while using a phone. ... Lemonade more than doubled its customer base from 1 million at the end of 2020 to 2.3 million by the end of the third quarter ...