This Fast-Growing Insurance Stock Is About to Do Something It's Never Done Before

Lemonade expects to achieve positive adjusted EBITDA in Q4 2026 for the first time, marking a major profitability milestone. The company's in-force premium grew 34% year-over-year to $1.55 billion, with customer base expanding 23% to 3.52 million. Car insurance business showed strong momentum with in-force premium rising from $163 million to $265 million. However, risks remain including high stock-based compensation, elevated loss ratios, and competitive pressures in auto insurance.