Competitive ChallengesThe company faces a more competitive environment in auto insurance, which could lead to varying levels of customer acquisition costs.
ExpensesHigher expenses, including interest expense related to LMND's 'Synthetic Agents' program, are estimated for the coming years.
Guidance And ExpectationsGuidance for both 1Q25 and full year 2025 was below expectations on premiums, total revenue, and adjusted EBITDA.