Lemonade(LMND) - 2024 Q2 - Quarterly Results

· TTM gross loss ratio, a more dependable gauge of sustained changes, improved sequentially by 4 points to 79%, with an impressive 12 point improvement year on year Gross loss ratio ex-CAT continues a favorable trend, improving by 11 points . to 62% from 73% a year ago (20)% 5 Opex ($M)$250 $200$150 $100$50 $0 6 7 IFP, defined as the aggregate annualized premium for customers as of the period end date, increased by 22$838.8 million as compared to the second quarter of 2023. Annual Dollar Retention R ...