Lemonade Keeps More Risk, Boosts Profit Potential | Business and Finance News

Lemonade is doubling down on its AI-powered insurance model by keeping more risk in-house, signaling growing confidence in its underwriting after slashing its loss ratio from 83% to 62%. Starting July 1, the company will retain an extra 2% of gross premiums, boosting potential profits—but also exposing it to greater losses if claims spike. While reinsurers are no longer the safety net, Lemonade’s bet on its algorithms shows maturity, though long-term success hinges on consistent performance. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/463153bb1040f131