Lemonade sees top line growth as loss ratio drops to 79%
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Reinsurance News - May 01, 2024
Lemonade, a digital insurance firm powered by AI, has reported a net loss in Q1 2024 of $47.3 million, marking an improvement of 28% on last year’s figure, while its in-force premium (IFP) grew 22% year on year (YoY) to $794 million and gross loss ratio refined 8 points to 79%. Meanwhile, Lemo...
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