Lemonade net loss nearly doubles to $66mn as LR swells 16 points to 81%
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Lemonade net loss nearly doubles to $66mn as LR swells 16 points to 81%

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Personal lines InsurTech Lemonade reported a net loss that more than doubled in the third quarter, to $66mn from $31mn last year, while the company’s net loss ratio jumped 16 points to 81%.

The New York-based InsurTech posted a $1.08 net loss per share in the quarter, weaker than the $0.57 loss per share from Q3 2020 but above the $1.16

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