Lemonade's annual recurring revenue 2017-2019, by quarter
In the fourth quarter of 2019, insurance startup Lemonade saw its annual recurring revenue (ARR) grow by nearly 60 million U.S. dollars. That quarter, the ARR reached 104.4 million U.S. dollars - more than double the value in the fourth quarter of 2018. This milestone has been reached by the company in a very short time, with the company's ARR being only 0.8 million U.S. dollars in the first quarter of 2017. Lemonade is a provider of home and pet insurance in the U.S. and select European markets. The company aims to operate according to a high-tech and socially conscious business model.
