Lemonade beats Q4 analyst estimates as net loss holds steady
New York-based InsurTech Lemonade reported a $34mn quarterly net loss for Q4, on par with the year before, but also registered 76% growth in gross written premium – to $58mn – and premiums per customer that were 20% higher than in the fourth quarter of 2019.
In total, Lemonade’s loss per share narrowed to $0.60 from $2.90, when the company was privately held. The net result is an earnings beat, as Wall Street analysts had predicted a loss of $0.64
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