🥳

$LMND (+1,11 %)

One of the most impressive key figures when you have growth of 80 % (800,000 customers)

while operating costs continue to fall.

This shows very nicely how AI and automation can have an impact on a company/business model that has been built and trained from the ground up with artificial intelligence.

There are hardly any other companies where the number of employees remains almost the same or the number of employees is likely to have decreased between 2022 and 2025, but the company continues to grow strongly.

Employees 2022: approx. 1367

Employees 2025 approx. 1235

(According to my internet research)

$PGR (+0,14 %)
$BRO (+0,9 %)
$ALV (-0,63 %)
$MUV2 (-6,63 %)
$ALL (+0,34 %)
$UNH (+0,43 %)
$HNR1 (-4,62 %)
$BRK.B (+0,08 %)
$ZURN (-1,69 %)
$CS (-0,47 %)

I have just acquired shares in $MMC (+0,37 %) one of the world's leading insurance brokers in the field of risk, insurance and personnel consulting etc.

With its global presence, high operational efficiency and stable margins $MMC one of the clear market leaders in the insurance services sector.

With this purchase, I believe that my positions in this sector in particular are ideally positioned.

In addition to the "conservatively" positioned market leader $MMC (+0,37 %) I have been holding the somewhat more "offensive" stock for some time now $BRO (+0,9 %) which, however, is also among the top 5 in the sector in the USA.

Both companies complement each other very well strategically, with no operational overlaps and offering different company profiles.

I personally plan to hold both stocks in my portfolio for the long term in order to participate in the stable development of the sector.

Do you tend to hold traditional insurance companies or, like me, do you also own insurance brokers and service providers such as Marsh & McLennan or Brown & Brown etc.?

$LMND (+1,11 %)

• Revenue: $164.1M (Est. $161.4M) ✅; UP +46% YoY
• EPS: -$0.60 (Est. -$0.80) ✅
• In-Force Premium: $840M; UP +22% YoY

Customer & Premium Metrics

• Premium per Customer: $394; UP +11% YoY
• Total Customers: 2.1M; UP +10% YoY
• Policies in Force: 2.13M
• Annual Dollar Retention (ADR): 87%

Other Q2 Metrics:

• Gross Profit: $41.3M; UP +91% YoY
• Adj EBITDA: -$30.4M
• Net Loss: $41.6M
• Gross Loss Ratio: 77% (vs. 94% YoY)
• Cash & Investments: $888M
• Net Cash Used in Operating Activities: -$29.8M

CEO comment:

🟡 "We achieved record sales and margin improvements. This is the strongest second quarter in Lemonade's history."

🟡 "We are on track to achieve our target of adjusted EBITDA profitability by mid-2026."

$BRO (+0,9 %)
$BRK.B (+0,08 %)
$BRK.A (+0,5 %)
$PGR (+0,14 %)
$ALV (-0,63 %)
$MUV2 (-6,63 %)
$CS (-0,47 %)
$HNR1 (-4,62 %)
$UNH (+0,43 %)
$ALL (+0,34 %)
$601318
$CB (+0 %)
$ZURN (-1,69 %)
$TLX (-3,53 %)
$HSX (+1,3 %)

$MUV2 (-6,63 %) - $SREN (-3,47 %) - $HNR1 (-4,62 %) - $BRO (+0,9 %)

I am currently in my final year of training as an insurance and financial investment specialist, but I work as an independent insurance broker.

In this respect, it is "natural" for me to deal intensively with listed insurance companies.

Today I bought shares in Munich Reinsurance Company (Munich Re) for the first time. $MUV2 (-6,63 %) for the first time.

I also bought Swiss Re $SREN (-3,47 %) and Hannover Re $HNR1 (-4,62 %) on my watch list.

A functioning primary insurance market would be inconceivable without reinsurance.

I am also keeping an eye on the Allianz share $ALV (-0,63 %) - I would see a price level below € 300 as an interesting entry opportunity.

Brown & Brown, $BRO (+0,9 %) a company also active in the insurance business, is potentially attractive for me from a price below USD 88-90.

What are your opinions on insurance in your portfolio and/or in everyday life, apart from the typical weird sales representatives who only want to sell insurance etc.?

If Warren Buffett's Berkshire is already making a lot of money with insurance, it can't hurt me either 😁

My $ORI (+0,35 %) I started building up my position in September 2021, until then I had only $ALV (-0,63 %) and $AFL (+0,23 %) in the portfolio. In the meantime $TRV (+1,33 %) and recently also $AMP (+0,59 %)
$BRO (+0,9 %) have landed in the Scalable portfolio, in which I also invest in the "Ultimate Homer ETF" Trade Republic Depot via a savings plan, as well as $MUV2 (-6,63 %)
$HNR1 (-4,62 %)
$PGR (+0,14 %)
$ALL (+0,34 %)
$AJG (+0,4 %)
$TLX (-3,53 %)
$8766 (-0,12 %) 😁

Which insurance companies are you with?

Old Republic balance sheet

Benchmark

Amazing that with a dividend aristocrat you could keep up well with the ETFs over the last 5 years 💪😁

Benchmark vs competition

Dear Community,

I need your help and opinions, please. I am currently making or would like to make small changes to my portfolio.

There is a lot of overlap in the various ETFs (MSCI World, ACWI, S&P 500, ) as well as my individual stocks, as they are included as a percentage of the largest positions in the ETFs.

I would like to have two stocks namely $BRO (+0,9 %) and $RSG (+0,35 %) to my portfolio and sell or restructure part of the ETfs.

P.S. I am 20 years old and would nevertheless like to invest the majority of my assets in a broadly diversified way, but without having too much weighting in ETFs in order to avoid losing any returns.

Thank you very much in advance.

The most important results for the coming week:

Monday

• Brown & Brown ($BRO (+0,9 %) ) and Logitech International SA ($LOGN (+0,47 %) ) publish their quarterly results.

Tuesday

• Johnson & Johnson ($JNJ (+0,54 %) ), Procter & Gamble ($PG (+0,3 %) ), Netflix ($NFLX (+0,06 %) ), Verizon Communications ($VZ (+0,31 %) ), United Airlines ($UAL (+0,35 %) ), General Electric ($GE (+0,75 %) ) and 3M ($MMM (+0,88 %) ) announce their quarterly results will be announced.

Wednesday

• Tesla ($TSLA (-0,07 %) ), IBM ($IBM (-0,08 %) ), AT&T ($T (+0,43 %) ) and Progressive ($PGR (+0,14 %) ) report their quarterly results. S&P publishes the preliminary U.S. Services PMI (January). S&P publishes the preliminary U.S. Manufacturing PMI (January).

Thursday

• Visa ($V (+0,67 %) ), Intel ($INTC (+1,02 %) ), T-Mobile ($TMUS (+0,48 %) ) and Comcast Corp ($CMCSA (+0,21 %) ) present their quarterly results results. Initial jobless claims (week ending January 20). US GDP. New home sales (December).

Friday

• American Express ($AXP (+1,1 %) ), Colgate-Palmolive ($CL (+0,53 %) ) and Norfolk Southern Corp ($NSC (+0,42 %) ) publish their quarterly results. Sale of "floating homes" (December). Price index for personal consumption expenditures (PCE).

The most important dates for the coming week:

Monday

• Earnings reports from Cadence Design Systems Inc. ($CDNS (-0,01 %) ), Brown & Brown Inc .. ($BRO (+0,9 %) ), Alexandria Real Estate Equities ($ARE (+0,09 %) ) and W.R. Berkley Corp. ($WRB (+0,2 %) ).

Tuesday

• Earnings reports from Microsoft ($MSFT (+0,09 %) ), Alphabet Inc. ($GOOGL (+0,55 %) ), Visa ($V (+0,67 %) ), The Coca-Cola Company ($KO (+0,27 %) ) & the Richmond Fed Manufacturing Index.

Wednesday:

• Earnings reports from Meta Platforms ($META (+0,15 %) ), Thermo Fisher Scientific ($TMO (+0,39 %) ), T-Mobile US ($TMUS (+0,48 %) ), IBM ($IBM (-0,08 %) ) and others, as well as data on New Home Sales.

Thursday:

• Earnings reports from Amazon ($AMZN (+0,23 %) ), Mastercard ($MA (-0,2 %) ), Intel Corporation ($INTC (+1,02 %) ) and others. Important economic events such as the publication of the U.S. gross domestic product for the third
  quarter
  2023, data on inventories and the Kansas City Manufacturing Index.

Friday:

• Earnings reports from ExxonMobil ($XOM (+0,53 %) ), Chevron ($CVX (+0,55 %) ), AbbVie ($ABBV (+0,65 %) ) and others. Key economic data include the PCE Price Index, income and expenditure and the Michigan Consumer Sentiment Index - Final Reading.