<p><strong>Lemonade</strong>（LMND +1.27%），一家通過人工智能聊天機器人和算法簡化複雜保險購買流程的在線保險公司，似乎是一家顛覆性公司。通過吸引年輕客户遠離傳統保險公司，它的客户基礎在 2020 年底到 2025 年第三季度之間幾乎增長了三倍，從 100 萬增加到 287 萬。</p>
<p>Lemonade 最初只提供房主和租户保險，但在 2020 年上市後擴展到了定期人壽、寵物和汽車保險市場。它計劃將其在保費收入從最新季度的 11.6 億美元增長到 “未來幾年” 的 100 億美元，隨着其在更多州的擴展、推出更多保險產品以及升級其 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>圖片來源：Getty Images。</p>
<p>從 2025 年到 2027 年，分析師預計 Lemonade 的收入將以 42% 的年複合增長率增長，調整後的息税折舊攤銷前利潤（EBITDA）將在最後一年轉為正值。以 57 億美元的企業價值來看，其估值仍然合理，約為明年銷售額的五倍。然而，它仍然深度虧損，並面臨着來自 大型保險公司 推出類似的人工智能驅動的聊天機器人和服務的重大競爭。</p>
<p>擴展</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 股票報價" 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>今日變動</p>
<p>(1.27%) $0.94</p>
<p>當前價格</p>
<p>$75.20</p>
<h3>關鍵數據點</h3>
<p>市值</p>
<p>$55 億</p>
<p>日內區間</p>
<p>$73.77 - $75.98</p>
<p>52 周區間</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>雖然 Lemonade 在未來幾年可能繼續增長，但在這個動盪的市場中，選擇一家成熟的藍籌保險公司可能更明智。<strong>Chubb</strong>（CB +0.03%）——全球最大的上市財產、意外、補充和健康保險提供商——符合這一描述。這家瑞士公司在 2016 年收購 Chubb 並採用其品牌之前，曾被稱為 ACE Limited。</p>
<p>擴展</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 股票報價" 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>今日變動</p>
<p>(0.03%) $0.11</p>
<p>當前價格</p>
<p>$331.08</p>
<h3>關鍵數據點</h3>
<p>市值</p>
<p>$1300 億</p>
<p>日內區間</p>
<p>$331.08 - $335.32</p>
<p>52 周區間</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 的財產和意外（P&amp;C）綜合比率應保持在 100% 以下（表明其索賠不超過其賺取的保費），在 2025 年底僅為 85.7%。這遠低於美國 P&amp;C 保險公司的行業平均水平 96.6%。它還在升級自己的人工智能能力，以跟上 Lemonade 和其他技術驅動的保險公司。</p>
<p>Chubb 並未披露其確切客户數量，但分析師預計到 2026 年其收入將大約是 Lemonade 的 43 倍。他們預計其收入在 2025 年至 2027 年間將以 5% 的年複合增長率增長，但它的盈利能力非常穩固。華爾街預計其每股收益在此期間將以 6% 的年複合增長率增長。其股票在今年的收益中仍然看起來很划算，市盈率為 12 倍；它支付了 1.2% 的合理前瞻性收益；並且在過去十年中回購了 15% 的股份。因此，如果你在這個動盪的市場中尋找一個永恆的、安全的保險投資，Chubb 將比 Lemonade 的投機性股票更值得投資。</p>

LMNX

安達保險

LMND

<p>Lemonade (LMND) 自 2020 年以來客户基礎增長顯著，已增長三倍，並擴展了其保險產品。分析師預測 2025 年至 2027 年期間年均複合增長率將達到 42%，但該公司仍處於虧損狀態，並面臨競爭。相比之下，安達保險 (Chubb, CB) 作為一家成熟的保險提供商，提供了穩定性，擁有強勁的盈利比率和預期的收入增長。與 Lemonade 的投機性質相比，安達的股票被認為是更安全的投資選擇，使其在當前市場中更具吸引力</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%），一家通過人工智能聊天機器人和算法簡化複雜保險購買流程的在線保險公司，似乎是一家顛覆性公司。通過吸引年輕客户遠離傳統保險公司，它的客户基礎在 2020 年底到 2025 年第三季度之間幾乎增長了三倍，從 100 萬增加到 287 萬。</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險，但在 2020 年上市後擴展到了定期人壽、寵物和汽車保險市場。它計劃將其在保費收入從最新季度的 11.6 億美元增長到 “未來幾年” 的 100 億美元，隨着其在更多州的擴展、推出更多保險產品以及升級其 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>圖片來源：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>從 2025 年到 2027 年，分析師預計 Lemonade 的收入將以 42% 的年複合增長率增長，調整後的息税折舊攤銷前利潤（EBITDA）將在最後一年轉為正值。以 57 億美元的企業價值來看，其估值仍然合理，約為明年銷售額的五倍。然而，它仍然深度虧損，並面臨着來自 大型保險公司 推出類似的人工智能驅動的聊天機器人和服務的重大競爭。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>擴展</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>今日變動</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>當前價格</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>關鍵數據點</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 億</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日內區間</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 周區間</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>雖然 Lemonade 在未來幾年可能繼續增長，但在這個動盪的市場中，選擇一家成熟的藍籌保險公司可能更明智。<strong>Chubb</strong>（CB +0.03%）——全球最大的上市財產、意外、補充和健康保險提供商——符合這一描述。這家瑞士公司在 2016 年收購 Chubb 並採用其品牌之前，曾被稱為 ACE Limited。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>擴展</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>今日變動</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>當前價格</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>關鍵數據點</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$130B</p>
<div class="lb-trans"><p>$1300 億</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日內區間</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 周區間</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 的財產和意外（P&amp;C）綜合比率應保持在 100% 以下（表明其索賠不超過其賺取的保費），在 2025 年底僅為 85.7%。這遠低於美國 P&amp;C 保險公司的行業平均水平 96.6%。它還在升級自己的人工智能能力，以跟上 Lemonade 和其他技術驅動的保險公司。</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 並未披露其確切客户數量，但分析師預計到 2026 年其收入將大約是 Lemonade 的 43 倍。他們預計其收入在 2025 年至 2027 年間將以 5% 的年複合增長率增長，但它的盈利能力非常穩固。華爾街預計其每股收益在此期間將以 6% 的年複合增長率增長。其股票在今年的收益中仍然看起來很划算，市盈率為 12 倍；它支付了 1.2% 的合理前瞻性收益；並且在過去十年中回購了 15% 的股份。因此，如果你在這個動盪的市場中尋找一個永恆的、安全的保險投資，Chubb 將比 Lemonade 的投機性股票更值得投資。</p>
</div>

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