Amid the tariff-induced market volatility, some stocks in the finance sector are directly untouchable by tariffs. Artificial intelligence (AI) powered digital insurance fintech Lemonade Inc. (NYSE: LMND) stands out as one of them with its disruptive model, solid growth metrics and technological edge. The company leverages sophisticated AI models and machine learning (ML) algorithms to analyze oceans of data to assess risk and underwrite individual insurance policies in under 90 seconds, automate claims processing within three minutes, detect fraud and handle customer service.
Lemonade competes with digital insurance provider Root Inc. (NASDAQ: ROOT) and traditional insurance company Hamilton Insurance Group Inc. (NYSE: HG).
Lemonade shares are trading down approximately 25% year-to-date (YTD). The company is not yet profitable but has a path to profitability that was sidetracked by a major outlier event, causing shares to fall to attractive levels under $30 per share.
