All material subject to strictly enforced copyright laws. © 2022 Inside P&C is part of Euromoney Institutional Investor PLC.
Accessibility | Terms & Conditions | Privacy Policy | Modern Slavery Act | Cookies | Subscription Terms & Conditions

Lemonade reserve charge helps send loss ratio 22 points higher


Personal lines InsurTech Lemonade’s net loss doubled to $70.3mn during the fourth quarter of 2021 from a $33.9mn loss in Q4 2020 as its loss ratio jumped 22 points to 98%, fueled by “a meaningful” reserve charge.