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Lemonade (LMND) Expands in France With Homeowners Insurance
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Lemonade (LMND - Free Report) , an AI-driven digital insurance company, has teamed up with BNP Paribas Cardif to introduce homeowners insurance in France, extending its seamless customer experience to millions of homeowners across the country.
Continued Growth in Europe
Following its successful entry into France in 2020 with renters insurance, Lemonade has rapidly expanded its presence in Europe. The launch of homeowners insurance marks a significant milestone in Lemonade's growth strategy, aligning with its mission to offer innovative insurance solutions globally.
Strategic Partnership for Success
The collaboration between Lemonade and BNP Paribas Cardif demonstrates a fruitful partnership, leveraging Lemonade's AI technology and BNP Paribas Cardif's advisory expertise. With BNP Paribas Cardif's longstanding reputation and Lemonade's disruptive approach, the offering is poised to redefine homeowners insurance in France.
Tailored Coverage and Accessibility
Lemonade's homeowners insurance is tailored to meet the needs of customers in France, providing comprehensive coverage starting from just 10 euros per month. With features such as school insurance, legal protection and theft coverage, all accessible through its user-friendly app, Lemonade ensures peace of mind for homeowners.
Price Performance and Zacks Rank
Shares of LMND have gained 5.5% year to date compared with the industry’s 8.7% growth. The company currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks from the same space are Enact Holdings (ACT - Free Report) , Horace Mann Educators (HMN - Free Report) and Fidelis Insurance Holdings Limited (FIHL - Free Report) .
Enact Holdings delivered a four-quarter average earnings surprise of 24.59%. The stock has gained 5.8% year to date. The Zacks Consensus Estimate for ACT’s 2024 and 2025 earnings has moved 6.8% and 2.6% north, respectively, in the past 60 days. It sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Horace Mann delivered a trailing four-quarter average earnings surprise of 15.24%. The stock has risen 9.3% year to date. The Zacks Consensus Estimate for HMN’s 2024 and 2025 earnings implies a 104.6% and 19.1% year-over-year increase, respectively. It carries a Zacks Rank #2 (Buy).
Fidelis Insurance delivered a trailing four-quarter average earnings surprise of 24.23%. The stock has surged 52% year to date. The Zacks Consensus Estimate for FIHL’s 2024 and 2025 earnings has moved 5.3% and 12.3% north, respectively, in the past 60 days. It sports a Zacks Rank #1.
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Lemonade (LMND) Expands in France With Homeowners Insurance
Lemonade (LMND - Free Report) , an AI-driven digital insurance company, has teamed up with BNP Paribas Cardif to introduce homeowners insurance in France, extending its seamless customer experience to millions of homeowners across the country.
Continued Growth in Europe
Following its successful entry into France in 2020 with renters insurance, Lemonade has rapidly expanded its presence in Europe. The launch of homeowners insurance marks a significant milestone in Lemonade's growth strategy, aligning with its mission to offer innovative insurance solutions globally.
Strategic Partnership for Success
The collaboration between Lemonade and BNP Paribas Cardif demonstrates a fruitful partnership, leveraging Lemonade's AI technology and BNP Paribas Cardif's advisory expertise. With BNP Paribas Cardif's longstanding reputation and Lemonade's disruptive approach, the offering is poised to redefine homeowners insurance in France.
Tailored Coverage and Accessibility
Lemonade's homeowners insurance is tailored to meet the needs of customers in France, providing comprehensive coverage starting from just 10 euros per month. With features such as school insurance, legal protection and theft coverage, all accessible through its user-friendly app, Lemonade ensures peace of mind for homeowners.
Price Performance and Zacks Rank
Shares of LMND have gained 5.5% year to date compared with the industry’s 8.7% growth. The company currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks from the same space are Enact Holdings (ACT - Free Report) , Horace Mann Educators (HMN - Free Report) and Fidelis Insurance Holdings Limited (FIHL - Free Report) .
Enact Holdings delivered a four-quarter average earnings surprise of 24.59%. The stock has gained 5.8% year to date. The Zacks Consensus Estimate for ACT’s 2024 and 2025 earnings has moved 6.8% and 2.6% north, respectively, in the past 60 days. It sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Horace Mann delivered a trailing four-quarter average earnings surprise of 15.24%. The stock has risen 9.3% year to date. The Zacks Consensus Estimate for HMN’s 2024 and 2025 earnings implies a 104.6% and 19.1% year-over-year increase, respectively. It carries a Zacks Rank #2 (Buy).
Fidelis Insurance delivered a trailing four-quarter average earnings surprise of 24.23%. The stock has surged 52% year to date. The Zacks Consensus Estimate for FIHL’s 2024 and 2025 earnings has moved 5.3% and 12.3% north, respectively, in the past 60 days. It sports a Zacks Rank #1.