Lemonade’s Q1 net loss narrows to $65.8mn as GWP grows 48.3%
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Lemonade’s Q1 net loss narrows to $65.8mn as GWP grows 48.3%

Lemonade logo houses residential.jpg

New York InsurTech Lemonade’s Q1 net loss narrowed 12% to $65.8mn compared to $74.8mn in Q1 a year ago, as it grew both gross written premium and premium per customer.

Meanwhile, the carrier’s net loss ratio deteriorated four points to 93%. An ongoing challenge to reining in loss costs is slowing growth in line with approved rate increases.


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