Lemonade Shareholder Letter Q4 2021 $380M In Force Premium (IFP) ↑ 78% YOY $266 1,427,481 Total Customers ↑ 43% YOY ● Premium per Customer ↑ 25% YOY $213M ● $114M ● Q4 20 Q4 21 Q4 19 96% Gross Loss Ratio ↑ 23% PTS YOY 96% 73% 73% $89M Gross Earned Premium ↑ 79% YOY $89M $50M $26M Q4 19 Q4 20 Q4 21 $380M Q419 Q4 20 Q4 21 2 Dear Shareholders, 2021 was a very productive year for us, and we ended it materially larger, more diversified, and strategically stronger than ever. The year kicked off with a substantial ...