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Stock impact report

Lemonade Q4 Loss Narrower Than Expected, Revenues Rise Y/Y [Yahoo! Finance]

Lemonade, Inc. (LMND) 
Company Research Source: Yahoo! Finance
See the Zacks Earnings Calendar to stay ahead of market-making news. Quarterly results reflect improved net earned premiums, driven by an increase in in-force premium earned and an increase in investment income, offset by higher expenses. Behind the Q4 Headlines Revenues increased 28.8% year over year to $148.8 million, driven by an increase in gross earned premium and higher investment income. The top line beat the Zacks Consensus Estimate by 2.7%. Lemonade, Inc. Price, Consensus and EPS Surprise Lemonade, Inc. Price, Consensus and EPS Surprise Lemonade, Inc. price-consensus-eps-surprise-chart | Lemonade, Inc. Quote Gross earned premiums soared 25% year over year to $226.4 million, driven by an increase in in-force premiums earned. Net investment income of $9.4 million increased 32.4% year over year. Lemonade's in-force premium of $943.7 million jumped 26%, driven by a 20% increase in the number of customers as well as a 5% increase in premium per customer. Total Show less Read more
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