Shares in New York-based insurer Lemonade are trading around $14 after it reported a second-quarter net loss of $67 million earlier this month. Two years ago, they were briefly above $180. The company went public at $29 in 2020.
Tag: Lemonade losses
Lemonade Premiums Up 71% Amid Growing Losses
Insurtech Lemonade reported a 71% increase in gross earned premiums in the first quarter of 2022, finishing the period with $96 million, up from $39.8 million. However, the company’s net loss increased in comparison to Q1 last year, rising to $74.8 million in Q1 2022 from $49 million previously. Revenue for the quarter increased by… Continue reading Lemonade Premiums Up 71% Amid Growing Losses