Lemonade’s Q4 loss ratio deterioration driven by home damage claims: CEO Schreiber
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Lemonade’s Q4 loss ratio deterioration driven by home damage claims: CEO Schreiber

Luke Harrison
February 24, 2022
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Lemonade logo houses residential.jpg

Personal lines InsurTech Lemonade has blamed home damages losses for the large deterioration of its loss ratio in the fourth quarter of 2022, which saw its loss ratio jump 22 points to 98%.

“The adverse development majority was driven within home area, and within home larger losses”, Dan Schreiber, co-CEO of Lemonade explained during a call with investors today, following the release of the InsurTech’s Q4 results.

Schreiber

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