<p><strong>Lemonade</strong>（LMND +1.27%），一家通过人工智能聊天机器人和算法简化复杂保险购买流程的在线保险公司，似乎是一家颠覆性公司。通过吸引年轻客户远离传统保险公司，它的客户基础在 2020 年底到 2025 年第三季度之间几乎增长了三倍，从 100 万增加到 287 万。</p>
<p>Lemonade 最初只提供房主和租户保险，但在 2020 年上市后扩展到了定期人寿、宠物和汽车保险市场。它计划将其在保费收入从最新季度的 11.6 亿美元增长到 “未来几年” 的 100 亿美元，随着其在更多州的扩展、推出更多保险产品以及升级其 人工智能能力。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NTU0MzUvdHdvLWZyaWVuZHMtbGVtb25hZGUtdmFuLmpwZyZ3PTM4NDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="2121" height="1414" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NTU0MzUvdHdvLWZyaWVuZHMtbGVtb25hZGUtdmFuLmpwZyZ3PTM4NDA"/></p>
<p>图片来源：Getty Images。</p>
<p>从 2025 年到 2027 年，分析师预计 Lemonade 的收入将以 42% 的年复合增长率增长，调整后的息税折旧摊销前利润（EBITDA）将在最后一年转为正值。以 57 亿美元的企业价值来看，其估值仍然合理，约为明年销售额的五倍。然而，它仍然深度亏损，并面临着来自 大型保险公司 推出类似的人工智能驱动的聊天机器人和服务的重大竞争。</p>
<p>扩展</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0xNTkQucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Lemonade 股票报价" width="80" height="80" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0xNTkQucG5nJnc9MTI4"/></p>
<h2>NYSE: LMND</h2>
<p>Lemonade</p>
<p>今日变动</p>
<p>(1.27%) $0.94</p>
<p>当前价格</p>
<p>$75.20</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$55 亿</p>
<p>日内区间</p>
<p>$73.77 - $75.98</p>
<p>52 周区间</p>
<p>$24.31 - $99.90</p>
<p>成交量</p>
<p>16K</p>
<p>平均成交量</p>
<p>2.5M</p>
<h2>Chubb 可能是 Lemonade 的更好替代品</h2>
<p>虽然 Lemonade 在未来几年可能继续增长，但在这个动荡的市场中，选择一家成熟的蓝筹保险公司可能更明智。<strong>Chubb</strong>（CB +0.03%）——全球最大的上市财产、意外、补充和健康保险提供商——符合这一描述。这家瑞士公司在 2016 年收购 Chubb 并采用其品牌之前，曾被称为 ACE Limited。</p>
<p>扩展</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0NCLnBuZyZ3PTEyOA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Chubb 股票报价" width="80" height="80" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0NCLnBuZyZ3PTEyOA"/></p>
<h2>NYSE: CB</h2>
<p>Chubb</p>
<p>今日变动</p>
<p>(0.03%) $0.11</p>
<p>当前价格</p>
<p>$331.08</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$1300 亿</p>
<p>日内区间</p>
<p>$331.08 - $335.32</p>
<p>52 周区间</p>
<p>$263.14 - $335.34</p>
<p>成交量</p>
<p>20K</p>
<p>平均成交量</p>
<p>1.7M</p>
<p>股息收益率</p>
<p>1.15%</p>
<p>Chubb 的财产和意外（P&amp;C）综合比率应保持在 100% 以下（表明其索赔不超过其赚取的保费），在 2025 年底仅为 85.7%。这远低于美国 P&amp;C 保险公司的行业平均水平 96.6%。它还在升级自己的人工智能能力，以跟上 Lemonade 和其他技术驱动的保险公司。</p>
<p>Chubb 并未披露其确切客户数量，但分析师预计到 2026 年其收入将大约是 Lemonade 的 43 倍。他们预计其收入在 2025 年至 2027 年间将以 5% 的年复合增长率增长，但它的盈利能力非常稳固。华尔街预计其每股收益在此期间将以 6% 的年复合增长率增长。其股票在今年的收益中仍然看起来很划算，市盈率为 12 倍；它支付了 1.2% 的合理前瞻性收益；并且在过去十年中回购了 15% 的股份。因此，如果你在这个动荡的市场中寻找一个永恒的、安全的保险投资，Chubb 将比 Lemonade 的投机性股票更值得投资。</p>

LMNX

安达保险

LMND

<p>Lemonade (LMND) 自 2020 年以来客户基础增长显著，已增长三倍，并扩展了其保险产品。分析师预测 2025 年至 2027 年期间年均复合增长率将达到 42%，但该公司仍处于亏损状态，并面临竞争。相比之下，安达保险 (Chubb, CB) 作为一家成熟的保险提供商，提供了稳定性，拥有强劲的盈利比率和预期的收入增长。与 Lemonade 的投机性质相比，安达的股票被认为是更安全的投资选择，使其在当前市场中更具吸引力</p>

<p><strong>Lemonade</strong>( LMND +1.27%), an online insurer that streamlines the byzantine insurance-buying process with AI chatbots and algorithms, appears to be a disruptive company. By pulling younger customers away from traditional insurers, it nearly tripled its customer base from 1.00 million to 2.87 million between the end of 2020 and the third quarter of 2025.</p>
<div class="lb-trans"><p><strong>Lemonade</strong>（LMND +1.27%），一家通过人工智能聊天机器人和算法简化复杂保险购买流程的在线保险公司，似乎是一家颠覆性公司。通过吸引年轻客户远离传统保险公司，它的客户基础在 2020 年底到 2025 年第三季度之间几乎增长了三倍，从 100 万增加到 287 万。</p>
</div><p>Lemonade initially offered only homeowners and renters' insurance, but it expanded into the term life, pet, and auto insurance markets after its 2020 IPO. It plans to grow its in-force premium from $1.16 billion in its latest quarter to $10 billion in the &#34;coming years&#34; as it expands across more states, rolls out additional insurance products, and upgrades its AI capabilities.</p>
<div class="lb-trans"><p>Lemonade 最初只提供房主和租户保险，但在 2020 年上市后扩展到了定期人寿、宠物和汽车保险市场。它计划将其在保费收入从最新季度的 11.6 亿美元增长到 “未来几年” 的 100 亿美元，随着其在更多州的扩展、推出更多保险产品以及升级其 人工智能能力。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NTU0MzUvdHdvLWZyaWVuZHMtbGVtb25hZGUtdmFuLmpwZyZ3PTM4NDA" alt="Two friends drinking lemonade in the back of a van." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F855435%2Ftwo-friends-lemonade-van.jpg&amp;w=3840&amp;op=resize"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>From 2025 to 2027, analysts expect Lemonade's revenue to grow at a 42% CAGR, with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) turning positive in the final year. With an enterprise value of $5.7 billion, it still looks reasonably valued at five times next year's sales. However, it's still deeply unprofitable and faces significant competition as the larger insurers roll out similar AI-powered chatbots and services.</p>
<div class="lb-trans"><p>从 2025 年到 2027 年，分析师预计 Lemonade 的收入将以 42% 的年复合增长率增长，调整后的息税折旧摊销前利润（EBITDA）将在最后一年转为正值。以 57 亿美元的企业价值来看，其估值仍然合理，约为明年销售额的五倍。然而，它仍然深度亏损，并面临着来自 大型保险公司 推出类似的人工智能驱动的聊天机器人和服务的重大竞争。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>扩展</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0xNTkQucG5nJnc9MTI4" alt="Lemonade Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FLMND.png&amp;w=128&amp;op=resize"/></p>
<h2>NYSE: LMND</h2>
<div class="lb-trans"><h2>NYSE: LMND</h2>
</div><p>Lemonade</p>
<div class="lb-trans"><p>Lemonade</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(1.27%) $0.94</p>
<div class="lb-trans"><p>(1.27%) $0.94</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$75.20</p>
<div class="lb-trans"><p>$75.20</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$5.5B</p>
<div class="lb-trans"><p>$55 亿</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$73.77 - $75.98</p>
<div class="lb-trans"><p>$73.77 - $75.98</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$24.31 - $99.90</p>
<div class="lb-trans"><p>$24.31 - $99.90</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>16K</p>
<div class="lb-trans"><p>16K</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>2.5M</p>
<div class="lb-trans"><p>2.5M</p>
</div><h2>Chubb might be a better alternative to Lemonade</h2>
<div class="lb-trans"><h2>Chubb 可能是 Lemonade 的更好替代品</h2>
</div><p>While Lemonade could keep growing over the next few years, it might be smarter to stick with a mature blue chip insurance company in this wobbly market. <strong>Chubb</strong>( CB +0.03%) -- the world's largest publicly traded provider of property, casualty, supplemental, and health insurance -- fits that description. The Swiss company was previously known as ACE Limited until 2016, when it acquired Chubb and adopted its brand.</p>
<div class="lb-trans"><p>虽然 Lemonade 在未来几年可能继续增长，但在这个动荡的市场中，选择一家成熟的蓝筹保险公司可能更明智。<strong>Chubb</strong>（CB +0.03%）——全球最大的上市财产、意外、补充和健康保险提供商——符合这一描述。这家瑞士公司在 2016 年收购 Chubb 并采用其品牌之前，曾被称为 ACE Limited。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>扩展</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0NCLnBuZyZ3PTEyOA" alt="Chubb Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FCB.png&amp;w=128&amp;op=resize"/></p>
<h2>NYSE: CB</h2>
<div class="lb-trans"><h2>NYSE: CB</h2>
</div><p>Chubb</p>
<div class="lb-trans"><p>Chubb</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(0.03%) $0.11</p>
<div class="lb-trans"><p>(0.03%) $0.11</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$331.08</p>
<div class="lb-trans"><p>$331.08</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$130B</p>
<div class="lb-trans"><p>$1300 亿</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$331.08 - $335.32</p>
<div class="lb-trans"><p>$331.08 - $335.32</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$263.14 - $335.34</p>
<div class="lb-trans"><p>$263.14 - $335.34</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>20K</p>
<div class="lb-trans"><p>20K</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>1.7M</p>
<div class="lb-trans"><p>1.7M</p>
</div><p>Dividend Yield</p>
<div class="lb-trans"><p>股息收益率</p>
</div><p>1.15%</p>
<div class="lb-trans"><p>1.15%</p>
</div><p>Chubb's combined property and casualty (P&amp;C) ratio, which should remain below 100% (indicating its claims don't exceed its premiums earned), came in at just 85.7% at the end of 2025. That's well below the industry average of 96.6% for P&amp;C insurers in the United States. It's also been upgrading its own AI capabilities to keep up with Lemonade and other tech-driven insurers.</p>
<div class="lb-trans"><p>Chubb 的财产和意外（P&amp;C）综合比率应保持在 100% 以下（表明其索赔不超过其赚取的保费），在 2025 年底仅为 85.7%。这远低于美国 P&amp;C 保险公司的行业平均水平 96.6%。它还在升级自己的人工智能能力，以跟上 Lemonade 和其他技术驱动的保险公司。</p>
</div><p>Chubb doesn't disclose its exact customer count, but analysts expect it to generate roughly 43 times Lemonade's revenue in 2026. They only expect its revenue to grow at a 5% CAGR from 2025 to 2027, but it's firmly profitable. Wall Street expects its EPS to increase at 6% CAGR during that period. Its stock still looks like a bargain at 12 times this year's earnings; it pays a decent forward yield of 1.2%; and it has repurchased 15% of its shares over the past decade. So if you're looking for an evergreen, safe-haven insurance play in this volatile market, Chubb would be a much better bet than Lemonade's speculative stock.</p>
<div class="lb-trans"><p>Chubb 并未披露其确切客户数量，但分析师预计到 2026 年其收入将大约是 Lemonade 的 43 倍。他们预计其收入在 2025 年至 2027 年间将以 5% 的年复合增长率增长，但它的盈利能力非常稳固。华尔街预计其每股收益在此期间将以 6% 的年复合增长率增长。其股票在今年的收益中仍然看起来很划算，市盈率为 12 倍；它支付了 1.2% 的合理前瞻性收益；并且在过去十年中回购了 15% 的股份。因此，如果你在这个动荡的市场中寻找一个永恒的、安全的保险投资，Chubb 将比 Lemonade 的投机性股票更值得投资。</p>
</div>

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