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Insurance upstart Lemonade (NYSE: LMND) is growing like wildfire, adding customers who are adding new insurance products. But there’s one number — 94% — that’s way too high. In this video, Motley Fool contributors Jason Hall and Jeff Santoro break this number down, along with the rest of the financial results, and explain why it’s a problem the company must solve.
*Stock prices used were from the afternoon of Aug. 2, 2023. The video was published on Aug. 6, 2023.
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