Lemonade loss ratio worsens 10 points to 90%, net loss climbs 22% amid higher inflation
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Lemonade loss ratio worsens 10 points to 90%, net loss climbs 22% amid higher inflation

Giovanna Bellotti Azevedo
August 08, 2022
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Personal lines InsurTech Lemonade’s net loss rose by 22% to $67.9mn during Q2 from a $55.6mn loss in the same period last year, as its net loss ratio jumped 10 points to 90%, fueled by the strains of inflation.

The company’s gross loss ratio rose by 12 points YoY to 86%.

“At 86%, our Q2 gross loss ratio still shows the strains of inflation, though it also shows a trajectory of steady improvement (Q4 2021 was 96%, Q1 2022...

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Topics

News Lemonade InsurTech Earnings
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Giovanna Bellotti Azevedo
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