NEW YORK – In a recent regulatory disclosure, Lemonade, Inc. (NYSE:LMND), a provider of online insurance products, responded to an inquiry regarding its financial metrics.
On Monday, the company clarified that it has not yet reached $1 billion in force premium, countering a claim made in a social media post.
The information came to light following a Twitter post by an account named @PaperBagInvest, prompting a response from Shai Wininger, President and Co-Founder of Lemonade. The company's reaction was formally documented in a Form 8-K filed with the U.S. Securities and Exchange Commission, dated January 2, 2025.
Lemonade, which is headquartered in New York and incorporated in Delaware, is known for offering a range of insurance products through a digital platform.
The news above is based on an SEC filing.
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