Lemonade modestly raises premium guidance for 2022, LR falls 31 points to 89%
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Lemonade modestly raises premium guidance for 2022, LR falls 31 points to 89%

Giovanna Bellotti Azevedo
May 09, 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
lemonade-blurred-app-image.png

Personal lines InsurTech Lemonade reported a net loss of $74.8mn in the first quarter of 2022, marking a 52.7% jump from the net loss reported in the prior-year period and a 6% sequential increase.

The company’s net loss ratio, however, decreased by 31 points to 89%, yet Lemonade noted that its dashboards indicate that “the business we generated in Q1 is expected to have a loss ratio comfortably within our 75% target”.

Last

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsResultsLemonade
Giovanna azevedo headshot new.jpg
Giovanna Bellotti Azevedo
Editor
Gift this article