Lemonade+Metromile: Bright spot on insurtech’s disruption roadmap

Originally published at: Lemonade+Metromile: Bright spot on insurtech’s disruption roadmap - Daily Fintech

With a market cap of $2 billion, Lemonade had traded at about eight times its annual sales. Most traditional insurers, like Allstate and Travelers, trade at around one multiple of the year’s sales. The price-to-sales ratio for Lemonade is seemingly reasonable relative to its growth expectations. Since it went public a couple of years ago,…