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OverviewAPI
Lemonade, a digital insurance company, witnessed growth in key financial metrics in Q1 2024, with a reduced net loss and increased premiums. Despite a $47.3 million net loss, Lemonade experienced a 22% YoY growth in in-force premium, reaching $794 million. The company's gross loss ratio decreased to 79%, contributing to a significant improvement in adjusted EBITDA loss.

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