Lemonade reports Q3 EPS ($1.37), consensus ($1.32)

Reports Q3 revenue $74M, consensus $64.64M. Customer count increased by 30% to 1,775,824 as compared to the third quarter of 2021. The company said: "We’re very happy to report on another strong quarter, with both top and bottom lines coming in ahead of our expectations. Our third quarter saw 76% top line growth, with IFP of $609 million, and at $66 million, our EBITDA loss was also better than expected. Net loss for the period was $91 million. While Q3 saw improvements across most KPIs, a notable exception was our gross loss ratio, though this reversal was largely anticipated, and accounted for in our guidance."