Report was just uploaded to subscribers.

As mentioned yesterday, Lemonade (LMND) slashed its quota share from 55% to 20% — a bold shift signaling confidence & underwriting maturity.

More premium retained. Margins up. Capital-light model intact.

Our IVT model was revised slightly up. If LMND's loss ratios hold, this move can accelerate profitability & weakens the short front.

Access our report below with a free trial, code "PCRTRIAL" at checkout.

Report: