Lemonade(LMND) - 2024 Q4 - Earnings Call Presentation

Shareholder Letter • Cash Flow: We delivered another strong positive cash flow quarter, generating $27 million of Adj. FCF, and capping our first full year of positive Adj. FCF at$48 million. • Topline: At $944 million, In Force Premium grew 26% YoY — our fifth consecutive quarter of accelerating growth — while revenue grew 29%. • Loss Ratio: Our gross loss ratio for the fourth quarter was 63%, our best result ever. Trailing twelve months ("TTM") gross loss ratio came in at 73%, in line with our target ran ...