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Lemonade's Q4 2022 saw a 64% increase in in-force premium (IFP) to $625 million. The gross loss ratio improved to 89%, and the adjusted EBITDA loss contracted to $52 million. Net loss for the quarter was $64 million.
In force premium increased by 64% to $625 million.
Gross Loss Ratio was 89% for the quarter, down from 96% in Q4 2021.
Adjusted EBITDA Loss contracted to $52 million.
Net Loss for the period was $64 million, down from $91 million in the prior quarter.
Lemonade provided guidance for Q1 2023 and full year 2023.
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