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Lemonade's Fourth Quarter: Soaring Loss Ratio

·4 min read
Lemonade's Fourth Quarter: Soaring Loss Ratio

Investors hoping for better news from Lemonade (NYSE: LMND) were in for a rude surprise last week as the company released its fourth-quarter earnings report. It was a typical report from the insurance technology company, which means that it showed signs of high growth, but also a higher loss ratio and increased losses. Management says it's all part of the plan, and that the company's strategy is working the way it's supposed to.