Lemonade, Inc. (LMND): A Bull Case Theory
We came across a bullish thesis on Lemonade, Inc. on Archive Invest’s Substack by Felix. In this article, we will summarize the bulls’ thesis on LMND. Lemonade, Inc.'s share was trading at 1 billion in-force premium (IFP) just 8.5 years after issuing its first policy, making it the fastest insurer in history to achieve this scale. The company’s Q2 2025 results highlighted 29% year-over-year IFP g ...