DNB Asset Management Acquires Stake in Lemonade

Investment firm buys over 51,000 shares of insurance tech company

Published on Mar. 4, 2026

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DNB Asset Management AS, a Norwegian investment firm, has acquired a new position in Lemonade, Inc. (NYSE:LMND), purchasing 51,288 shares of the insurance technology company's stock in the third quarter of 2025. The shares are valued at approximately $2.75 million, representing 0.07% ownership of Lemonade.

Why it matters

Lemonade is a fast-growing insurtech startup that has disrupted the traditional insurance industry with its AI-powered, digital-first approach. The investment by a major asset manager like DNB signals continued institutional interest and confidence in Lemonade's business model and future prospects.

The details

According to a 13F filing with the SEC, DNB Asset Management purchased the Lemonade shares in Q3 2025. The investment represents a new position for the firm, which previously did not own any Lemonade stock. The purchase comes as Lemonade has seen its share price fluctuate over the past year, trading between $24 and $100 per share.

  • DNB Asset Management acquired the Lemonade shares in the third quarter of 2025.

The players

DNB Asset Management AS

A Norwegian investment management firm that oversees over $100 billion in assets.

Lemonade, Inc.

A New York-based insurtech company that offers renters, homeowners, pet, term life, and car insurance products using artificial intelligence and behavioral economics.

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The takeaway

Lemonade's ability to attract investment from a major institutional player like DNB Asset Management underscores the company's growth potential in the rapidly evolving insurtech space. As Lemonade continues to expand its product offerings and customer base, its stock is likely to remain an area of focus for investors seeking exposure to disruptive financial technology.