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Lemonade loss ratio worsens 10 points to 90%, net loss climbs 22% amid higher inflation

Lemonade logo New York new.jpg

Personal lines InsurTech Lemonade’s net loss rose by 22% to $67.9mn during Q2 from a $55.6mn loss in the same period last year, as its net loss ratio jumped 10 points to 90%, fueled by the strains of inflation.

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