Insight and Intelligence on the London & International Insurance Markets

19 March 2018

Search archive

InsurTechs Lemonade and Metromile report rising losses

Ted Bunker 12 March 2018

Prominent InsurTechs Metromile and Lemonade have filed statutory reports with regulators showing ballooning net premiums earned along with surging underwriting losses.

Lemonade, the New York-based provider of renters' and homeowners' cover through mobile devices, had $2.3mn in earned premiums last year and an underwriting loss that climbed more than eightfold to $15.8mn, according to S&P Global data.

The startup's pre-tax operating loss surged by a similar proportion, with the loss rising to $15.7mn last year from $1.9mn in 2016, its...

If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership


Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.