The company said the unfavorable prior period development was due to “a handful of older large losses for which we under-reserved.”
Lemonade reserve charge helps send loss ratio 22 points higher
![lemonade-blurred-app-image.png](https://assets.euromoneydigital.com/dims4/default/44b3f48/2147483647/strip/true/crop/700x410+0+0/resize/840x492!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fa8%2F22%2Fdfd998c44628a49cce16b99ea76c%2Flemonade-blurred-app-image.png)
The company said the unfavorable prior period development was due to “a handful of older large losses for which we under-reserved.”