Lemonade shares down 11% as Schreiber says breakeven point is in medium term

Published: Thu 5 Aug 2021

Lemonade’s share price dropped during morning trading on Thursday as investors responded to the insurtech’s second quarter results and comments from CEO Daniel Schreiber that it will be a “couple of years” before the carrier is cash flow positive, while regulatory requirements are also making it hard to pinpoint a precise launch date for its car insurance offering.