Insurance Update: ROOT & LMND 2Q24 earnings
Longing the former against shorting the latter still looks like a compelling deal.
Disclaimer: The information contained in this article is not and should not be construed as investment advice. This is my investing journey and I simply share what I do and why I do that for educational and entertainment purposes.
Root ROOT 0.00%↑ and Lemonade LMND 0.00%↑ recently released their 2Q24 earnings. Both are insurance technology companies that are trying to disrupt the P&C insurance industry through a superior digital strategy. Their success in doing so is however vastly different. It’s in fact quite rare to be presented with such an obvious pair trade.
In this article, I will review their latest earnings to infer whether anything has changed from my earlier work. For additional background, please check out my past articles on both companies:
