#insurance-technology

#insurance-technology

Lemonade's Q4 2025 earnings revealed the company delivered $228.1M in revenue, up 53% year-over-year, and $17.6M in GAAP free cash flow. For a company that has burned cash since its 2020 IPO, that number matters in a meaningful way. The gross loss ratio dropped to 52%, down 11 percentage points year-over-year, and gross profit expanded 73% to $110.6M.

It is also indicative of a strategic pivot of Nationwide's AI Playbook. Four months ago, Fowler says the company's leadership met and wasn't pleased to see dozens of AI use cases had proliferated across the organization. While workers were getting more efficient, it wasn't always clear how they should use their extra time. Ten of Nationwide's C-suite leaders worked collaboratively to identify 18 flagship AI use cases to prioritize across the business.