Lemonade (NYSE:LMND), the upstart insurance company, faces nothing but further losses as far as the eye can see. That effectively limits any potential upside for LMND stock.
Source: Stephanie L Sanchez / Shutterstock.com
Although the stock may not drop much as premium growth continues strong, the company’s future losses will keep a lid on the stock’s upside. In short, the company will likely have to grow into its present $4.3 billion market valuation.
Top 10 Insurance Stocks To Watch For 2023: Topdanmark A/S (TOP)
Topdanmark A/S is a Denmark-based insurance....More>>>
The health insurance industry more popularly called Health Maintenance Organization (HMO) is in a sweet spot with full backing from the government to the Affordable Care Act. This reform instituted by Barack Obama back in March 2010, has been one of the major growth drivers for the industry, despite bringing in some constraints. Other factors such as aging U.S population, mergers and acquisition, investments in technology et al are expected to drive growth for the HMO players. Companies with the likes of UnitedHealth Group Inc. (UNH Quick QuoteUNH ) , Anthem Inc. , Humana Inc. (HUM Quick....More>>>
What Happened: Multinational electronics company Xiaomi Corp (OTC:XIACF) is open to expanding its financial services business to include cryptocurrency, but only after it is clear on the regulatory environment.
Manu Kumar Jain, managing director of Xiaomi India, told the Economic Times that the company’s financial services business would only venture into crypto after gaining a better understanding of how to be compliant with local laws in India.
“We will want to wait for all the regulatory things. Of course, crypto is an area, which is extremely interesting,....More>>>
Cigna Corp. (CI Quick QuoteCI ) has announced an expansion of its plan offerings on the Affordable Care Act’s insurance exchanges, branching out into additional counties across three states for 2022.
The expansion brings the total number of states offering Cigna ACA plans to 13 in 313 counties.
Cigna is already one of the top providers of ACA plans, other companies being UnitedHealth Group Inc. (UNH Quick QuoteUNH ) , Centene Corp. (CNC Quick QuoteCNC ) , Molina Healthcare, Inc. (MOH Quick QuoteMOH ) among others.
Earlier this month, another health insurer....More>>>
Motilal Oswal’s research report on HDFC Life Insurance
HDFC Life has announced the 100% acquisition of Exide Life for consideration of INR66.87b, of which INR7.26b would be paid in cash. Furthermore, the company would issue 87m shares to Exide Industries Limited towards the balance amount at INR685 per share. HDFC Life expects to secure all the approvals and complete the transaction by 30th Jun’22. In FY21, Exide Life earned a total premium of INR33.25b (8.6% that of HDFC Life), and total AUM stood at INR187.8b (10.4% that of HDFC Life). The acquisition would enable....More>>>