Lemonade shares slide 14% after Q1 net loss
The share price of Lemonade dropped over 14 percent following the insurtech revealing that losses from Winter Storm Uri pushed it to a first quarter gross loss ratio of 121 percent and a net loss of $49mn.
The share price of Lemonade dropped over 14 percent following the insurtech revealing that losses from Winter Storm Uri pushed it to a first quarter gross loss ratio of 121 percent and a net loss of $49mn.