Lemonade Says It Now Has Over 1 Million Active Clients

Lemonade (NYSE: LMND) is entering 2021 with a customer list of more than 1 million names. On Thursday, the disruptive insurance company announced that it has racked up such numbers within a little over four years of its launch.

This speed contrasts very favorably with insurance powerhouses such as Geico and State Farm, which both hit that milestone only after being in business for decades. According to Lemonade, Geico took 28 years to reach that goal, while State Farm took 22 years.

Image source: Getty Images.

Source Fool.com