Lemonade Announces Second Quarter 2022 Financial Results

NEW YORK, August 08, 2022–(COMMERCIAL WIRE)–Lemonade, Inc. (NYSE: LMND) has posted its second quarter 2022 financial results on its website. See the financial results for the second quarter of 2022 in the Letter to Shareholders on the company’s investor relations website.

On Tuesday, August 9, 2022, Lemonade will host a conference call at 8:00 am ET (5:00 am PT) to discuss the results.

To register for this conference call (Conference ID 10165840), please use this link. Registrants will receive a confirmation with dial-in details. Registrants can also dial, toll-free, at 1 844 200 6205 or internationally at +1 929 526 1599, access code 643352. The call can also be accessed via webcast, using this link.

A live webcast of the conference call will be available on the Lemonade Investor Relations website, investor.limonada.com. After the call is finished, a replay will also be available on investor.limonada.com.

Source: Lemonade

about lemonade

Lemonade offers renters, homeowners, auto, pet, and life insurance. Powered by artificial intelligence and social impact, Lemonade’s full-stack insurance carriers in the US and EU replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and everything instant . Lemonade, a certified B-Corp, awards unused bonuses to non-profit organizations selected by their community, during their annual Giveback. Lemonade is currently available in the United States, Germany, the Netherlands, and France, and continues to expand globally.

Follow @lemonade_inc on Twitter for updates.

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements. These statements are not promises or guarantees, but instead involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. . statements, including but not limited to: Our loss history and the fact that we may not achieve or maintain profitability in the future; our ability to retain and expand our customer base; the fact that the “Lemonade” mark may not become as well known as the owners’ marks or the mark may be tarnished; denial of claims or our failure to accurately and timely pay claims; our ability to derive greater value from each user; the novelty of our business model and its unpredictable effectiveness and susceptibility to unintended consequences; the possibility that we may be forced to modify or remove our Giveback, which could undermine our business model; examinations and other investigations conducted by our primary insurance regulators and other states that could lead to adverse examination findings and require corrective action; our limited operating history; our ability to manage our growth effectively; the impact of intense competition in the insurance industry segments in which we operate on our ability to achieve or increase profitability; the unavailability of reinsurance at current levels and prices, which could limit our ability to write new business; our ability to renew reinsurance contracts with duration and terms comparable to those currently in force; our exposure to counterparty risk as a result of reinsurance; loss of personal customer information, damage to our reputation and brand, or damage to our business and operating results as a result of security incidents or actual or perceived errors, failures, or errors in our systems, website, or application; our actual or perceived failure to protect customer information and other data, respect customer privacy, or comply with data privacy and security laws and regulations; our ability to comply with extensive insurance industry regulations and the need to incur additional costs or dedicate additional resources to comply with changes in existing regulations; our exposure to additional regulatory requirements specific to other vertical markets that we enter or have entered, including auto, pet and life insurance, and the need to dedicate additional resources to comply with these regulations; Lemonade’s ability to successfully integrate Metromile’s operations, product lines and technology; Lemonade’s ability to implement its plans, forecasts and other expectations with respect to the Metromile business and take advantage of additional opportunities for growth and innovation; Lemonade’s ability to realize the anticipated synergies of the transaction in the anticipated amounts or within the anticipated time frames or cost expectations or not at all; the ability to maintain relationships with Lemonade’s and Metromile’s respective employees, customers, other business partners and government authorities; and the other risks, uncertainties and important factors contained and identified; and our failure to predict the lasting impacts of COVID-19 on our business in particular and the global economy in general. These and other important factors are discussed under the heading “Risk Factors” in our Form 10-K filed with the SEC on March 1, 2022 and in our other filings with the SEC and could cause actual results to differ materially from those stated. for the future. statements made in this press release. Any forward-looking statements represent the beliefs of management as of the date of this press release. Although we may choose to update such forward-looking statements at some time in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220808005169/en/

Contacts

Lisa Horton
lemonade@astrskpr.com

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