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HomePet Industry NewsPet Financial NewsLemonade Announces Third Quarter 2022 Financial Outcomes

Lemonade Announces Third Quarter 2022 Financial Outcomes

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NEW YORK CITY, November 08, 2022–( COMPANY WIRE)– Lemonade, Inc. (NYSE: LMND) has actually launched its 3rd quarter 2022 monetary outcomes by publishing them to its site. Please see the Q3 2022 monetary lead to the Letter to Investors on the business’s financier relations site.

On Wednesday, November 9, 2022, Lemonade will host a teleconference at 8:00 a.m. Eastern time (5:00 a.m. Pacific time) to talk about the outcomes.

To sign up for this teleconference (Conference ID 10165840), please utilize this link. Registrants will get verification with dial-in information. Registrants might likewise call in, toll-free, at 1 844 200 6205 or worldwide at +1 929 526 1599, gain access to code 046337. The call can likewise be accessed by means of webcast, utilizing this link.

A live webcast of the teleconference will be readily available on the Lemonade Financier Relations site, investor.lemonade.com. Following the conclusion of the call, a replay will likewise be offered at investor.lemonade.com.

Source: Lemonade

About Lemonade

Lemonade uses tenants, house owners, vehicle, animal, and life insurance coverage. Powered by expert system and social effect, Lemonade’s complete stack insurance coverage providers in the United States and the EU change brokers and administration with bots and artificial intelligence, going for no documents and instantaneous whatever. A Qualified B-Corp, Lemonade offers unused premiums to nonprofits picked by its neighborhood, throughout its yearly Giveback. Lemonade is presently readily available in the United States, Germany, the Netherlands, France, and the UK, and continues to broaden worldwide.

Follow @lemonade_inc on Twitter for updates.

FORWARD LOOKING DECLARATIONS

This news release might include positive declarations within the significance of the Personal Securities Lawsuits Reform Act of 1995. All declarations consisted of in this news release that do not associate with matters of historic truth need to be thought about positive declarations. These declarations are neither pledges nor warranties, however include recognized and unidentified threats, unpredictabilities and other crucial aspects that might trigger our real outcomes, efficiency or accomplishments to be materially various from any future outcomes, efficiency or accomplishments revealed or indicated by the positive declarations, consisting of, however not restricted to, the following: Our history of losses and the truth that we might not accomplish or preserve success in the future; our capability to maintain and broaden our client base; the truth that the “Lemonade” brand name might not end up being as commonly called incumbents’ brand names or the brand name might end up being stained; the rejection of claims or our failure to properly and prompt pay claims; our capability to achieve higher worth from each user; the novelty of our organization design and its unforeseeable effectiveness and vulnerability to unexpected repercussions; the possibility that we might be required to customize or remove our Giveback, which might weaken our organization design; the evaluations and other targeted examinations by our main and other state insurance coverage regulators that might lead to negative assessment findings and demand therapeutic actions; our minimal operating history; our capability to handle our development efficiently; the effect of extreme competitors in the sections of the insurance coverage market in which we run on our capability to achieve or increase success; the unavailability of reinsurance at present levels and costs, which might restrict our capability to compose brand-new organization; our capability to restore reinsurance agreements on similar period and terms to those presently in result; our direct exposure to counterparty threats as an outcome of reinsurance; the loss of individual client info, damage to our credibility and brand name, or damage to our organization and operating outcomes as an outcome of security occurrences or genuine or viewed mistakes, failures or bugs in our systems, site or app; our real or viewed failure to safeguard client info and other information, regard consumers’ personal privacy, or abide by information personal privacy and security laws and policies; our capability to abide by comprehensive insurance coverage market policies and the requirement to sustain extra expenses or commit extra resources to abide by modifications to existing policies; our direct exposure to extra regulative requirements particular to other vertical markets that we get in or have actually gone into, consisting of automobile, animal and life insurance coverage, and the requirement to commit extra resources to abide by these policies; the capability of Lemonade to effectively incorporate Metromile’s operations, line of product and innovation; the capability of Lemonade to execute its strategies, projections and other expectations with regard to Metromile’s organization and recognize extra chances for development and development; the capability of Lemonade to recognize the awaited synergies from the deal in the awaited quantities or within the awaited timeframes or expenses expectations or at all; the capability to preserve relationships with Lemonade’s and Metromile’s particular workers, consumers, other organization partners and governmental authorities; and the other threats, unpredictabilities and crucial aspects consisted of and recognized; and our failure to anticipate the enduring effects of COVID-19 to our organization in specific, and the international economy normally. These and other crucial aspects are talked about under the caption “Danger Aspects” in our Kind 10-K submitted with the SEC on March 1, 2022 and in our other filings with the SEC might trigger real outcomes to vary materially from those suggested by the positive declarations made in this news release. Any such positive declarations represent management’s beliefs since the date of this news release. While we might choose to upgrade such positive declarations eventually in the future, we disclaim any responsibility to do so, even if subsequent occasions trigger our views to alter.

View source variation on businesswire.com: https://www.businesswire.com/news/home/20221108006005/en/

Contacts

Lisa Horton
[email protected]

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