Lemonade’s Q3 net loss ratio worsens 24 points to 105%

November 08, 2022

Personal lines InsurTech Lemonade’s net loss jumped 37.7% year on year to $91.4mn during Q3 2022, as its net loss ratio jumped 24 points to 105%, fueled by Hurricane Ian losses and costs associated with the Metromile acquisition.

Lemonade’s Q4 net loss per share widened 26.9% from the prior year quarter to $1.37 per share, missing the $1.32

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