Abalancedview

3 ms·

1. 1.▲
   by Abalancedview 6y ago

   Thank you, I have read through your analysis as well and think it has a lot of interesting points. Regarding retention, I chose to not incorporate regulatory or underwriting risk driven cancellation to capture demand driven cancellations on
2. 2.▲
   by Abalancedview 6y ago

   Thanks! After drafting & reading S-1s for years, my superpower is skimming through quickly :) On your first point, Lemonade's loss ratios are currently higher than industry average. This is likely tail weighted & driven by a fe
3. 3.▲
   by Abalancedview 6y ago

   Yup, Lemonade is certainly has the advantage of being more flexible and nimble. I've spoken / worked with larger insurers and they are hampered by the amount of manual processes and bureaucracy that are typical for +50 year old co
4. 4.▲
   by Abalancedview 6y ago

   Very insightful questions, my thoughts below: The institutional investors whom Lemonade's exec team will be pitching to on the road show in a few weeks will be long-term focused. The bankers are likely pitching to insurance-focused and
5. 5.▲
   by Abalancedview 6y ago

   Hi all, I think this thread has been full of great discussion, and there has been many questions surrounding Lemonade's financials and strategy. I am a former investment banker, and enjoy analyzing companies in my spare (limited) time.
6. 6.▲
   by Abalancedview 6y ago

   Unfortunately their LTV / Cac is terrible, I've provided a full teardown on what parts of the S-1 trouble me the most (unit economics and revenue growth). https://balancedview.substack.com/p/lemons-for-lemonad