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Dec 31, 2022
Lemonade Q4 2022 Earnings Report
Lemonade experienced strong growth, improved loss ratios, and greater efficiencies.
Key Takeaways
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.
Forward Guidance
Lemonade provided guidance for Q1 2023 and full year 2023.
Positive Outlook
- In force premium at March 31 of $635 - $637 million
- Gross earned premium of $148 - $150 million
- Revenue of $87 - $89 million
Challenges Ahead
- Adjusted EBITDA loss of ($65) - ($63) million
- Stock-based compensation expense of approximately $15 million
- Capital expenditures of approximately $2 million
- Weighted total common shares outstanding of approximately 70 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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