Lemonade Announces Fourth Quarter and Full Year 2022 Financial Results
February 22 2023 - 4:35PM
Business Wire
Lemonade, Inc. (NYSE: LMND) has released its fourth quarter and
full year 2022 financial results by posting them to its website.
Please view the Q4 2022 financial results in the Letter to
Shareholders on the company’s investor relations website.
On Thursday, February 23, 2023, Lemonade will host a conference
call at 8:00 a.m. Eastern time (5:00 a.m. Pacific time) to discuss
the results.
To register for this conference call, please use this link.
Registrants will receive confirmation with dial-in details.
Registrants may also dial in, toll-free, at 1 844 200 6205 or
internationally at +1 929 526 1599, access code 866323. 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.lemonade.com.
Following the completion of the call, a replay will also be made
available at investor.lemonade.com.
About Lemonade Lemonade offers renters, homeowners, car,
pet, and life insurance. Powered by artificial intelligence and
social impact, Lemonade’s full stack insurance carriers in the US
and the EU replace brokers and bureaucracy with bots and machine
learning, aiming for zero paperwork and instant everything. A
Certified B-Corp, Lemonade gives unused premiums to nonprofits
selected by its community, during its annual Giveback. Lemonade is
currently available in the United States, Germany, the Netherlands,
France, and the UK, 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 neither promises
nor guarantees, but 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, including, but not limited to, the
following: Our history of losses 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”
brand may not become as widely known as incumbents’ brands or the
brand may become tarnished; the denial of claims or our failure to
accurately and timely pay claims; our ability to attain greater
value from each user; the novelty of our business model and its
unpredictable efficacy and susceptibility to unintended
consequences; the possibility that we could be forced to modify or
eliminate our Giveback, which could undermine our business model;
the examinations and other targeted investigations by our primary
and other state insurance regulators that could result in adverse
examination findings and necessitate remedial actions; our limited
operating history; our ability to manage our growth effectively;
the impact of intense competition in the segments of the insurance
industry in which we operate on our ability to attain 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 on comparable duration
and terms to those currently in effect; our exposure to
counterparty risks as a result of reinsurance; the loss of personal
customer information, damage to our reputation and brand, or harm
to our business and operating results as a result of security
incidents or real or perceived errors, failures or bugs in our
systems, website or app; our actual or perceived failure to protect
customer information and other data, respect customers’ 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 devote additional resources
to comply with changes to 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 devote additional resources to comply
with these regulations; the ability of Lemonade to successfully
complete the integration of Metromile’s operations, product lines
and technology; the ability of Lemonade to continue to implement
its plans, forecasts and other expectations with respect to
Metromile’s business and realize additional opportunities for
growth and innovation; the ability of Lemonade to realize the
anticipated synergies from the transaction in the anticipated
amounts or within the anticipated timeframes or costs expectations
or at all; the ability to maintain relationships with Lemonade’s
and Metromile’s respective employees, customers, other business
partners and governmental authorities; and the other risks,
uncertainties and important factors contained and identified; and
our inability to predict the lasting impacts of COVID-19 to our
business in particular, and the global economy generally. These and
other important factors are discussed under the caption “Risk
Factors” in our Form 10-K filed with the SEC on March 1, 2022, our
Form 10-Q filed with the SEC on November 9, 2022, and in our other
and subsequent filings with the SEC, including our Form 10-K to be
filed for the year ended December 31, 2022, could cause actual
results to differ materially from those indicated by the
forward-looking statements made in this press release. Any such
forward-looking statements represent management’s beliefs as of the
date of this press release. While we may elect to update such
forward-looking statements at some point in the future, we disclaim
any obligation to do so, even if subsequent events cause our views
to change.
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version on businesswire.com: https://www.businesswire.com/news/home/20230222005981/en/
Natalie Gerke natalie.gerke@lemonade.com
Lemonade (NYSE:LMND)
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