Lemonade's net profit 2017-2023
Insurance startup Lemonade incurred less net losses in 2023 than in the previous year. However, as a relatively new company in the insurtech sector, investors likely anticipate a loss at this stage of the company's maturity. Lemonade is a provider of home and pet insurance in the U.S. and select European markets. For 2023, the insurance startup Lemonade reported net losses of 237 million U.S. dollars, which was an improvement over the previous year when net losses reached 298 million U.S. dollars.
