Lemonade reserve charge helps send loss ratio 22 points higher
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Lemonade reserve charge helps send loss ratio 22 points higher

Jairo Ibarra
February 23, 2022
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Personal lines InsurTech Lemonade’s net loss doubled to $70.3mn during the fourth quarter of 2021 from a $33.9mn loss in Q4 2020 as its loss ratio jumped 22 points to 98%, fueled by “a meaningful” reserve charge.

The company said the unfavorable prior period development was due to “a handful of older large losses for which we under-reserved.”

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Topics

NewsResultsPersonal linesInsurTechLemonadeEarnings
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Jairo Ibarra
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