Winter storm claims push Lemonade Q1 loss ratio to 120%
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Winter storm claims push Lemonade Q1 loss ratio to 120%

Bernard Goyder
May 11, 2021
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Lemonade logo texas snow.jpg

Lemonade posted a net operating loss of $49mn in Q1, compared with a net loss of $36.5mn in the same period last year, after the winter storms in Texas caused a year’s worth of claims in just a few days.

The company said the winter weather pushed its loss ratio up 48 points to 120%. Lemonade recorded a loss per share of $0.81,

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Bernard Goyder
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