Lemonade Q4 2022: IFP $625M (+64% YoY), loss ratio 89%, guides Q1 2023 EBITDA loss $63-65M

Lemonade, Inc.

2022-FY EPS reported -$4.59 revenue$256,700,000

Q4 2022 IFP $625.1M (+64% YoY); customers 1.81M (+27%); premium per customer $346 (+30%).
Gross loss ratio 89% (down from 94% Q3 and 96% Q4 2021); net loss ratio 97%.
Revenue $88.4M (+116% YoY); net loss $63.7M ($0.93/share) vs $70.3M ($1.14) in Q4 2021.
Adjusted EBITDA loss $51.7M (vs $51.2M in Q4 2021); cash & investments $1.04B.
Guidance: Q1 2023 IFP $635-637M, revenue $87-89M, Adj. EBITDA loss ($65)-($63)M; FY 2023 IFP $695-700M, Adj. EBITDA loss ($245)-($240)M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Lemonade, Inc. reported the quarter ended December 31, 2022 results: net income $64 million. Guidance initiated.

Period: the quarter ended December 31, 2022
Net income: $64 million
Guidance: initiated
Result: reported results

Exact text from the filing

Bottom line: Adjusted EBITDA Loss contracted to $52 million, down from $66 million in Q3; while Net Loss for the period was $64 million, down from $91 million in the prior quarter.

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Source: SEC EDGAR

accession 0001691421-23-000012

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