Overview
- Lemonade shares fell 13.8% for the week after its latest results, following a near-100% gain over the past year.
- The quarter delivered rapid growth, with revenue up 71% to $258 million and in-force premiums up 32% to $1.33 billion.
- Underwriting improved as the net loss ratio fell to 63% from 82% a year earlier.
- Net loss narrowed to about $36 million for the quarter, down from $62.4 million a year ago.
- Management still targets positive adjusted EBITDA by Q4 2026, and the stock’s 8.4 price-to-book without net income heightens the need to deliver.