Lemonade (LMND) Q4 Earnings Top Estimates on Higher Premiums
LMNDLemonade(LMND) Zacks Investment Research·2024-02-28 20:41

Lemonade, Inc. (LMND) reported fourth-quarter 2023 operating loss of 61 cents per share, narrower than the Zacks Consensus Estimate of a loss of 79 cents as well as the year-ago loss of 93 cents per share. Quarterly results reflect improved gross earned premiums, driven by an increase in in-force premium earned and lower expense. Behind the Q4 Headlines Revenues increased 30.6% year over year to $115.5 million, driven by an increase in gross earned premium and higher investment income. The top line beat the ...