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

Giovanna Bellotti Azevedo
May 09, 2022
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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”.

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Giovanna Bellotti Azevedo
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