Major Rating Factors:
Fair long-term capitalization index (3.0 on a scale of 0 to 10) based on fair current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2019. Fair profitability index (3.9) with operating losses during 2021, 2022 and 2023. Vulnerable liquidity (2.9) as a spike in claims may stretch capacity.
Other Rating Factors:
History of adequate reserve strength (6.5) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.7) despite weak risk adjusted capital in prior years and excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
Principal Lines of Business:
Homeowners (62.9%), personal/comm auto (1.9%), other (35.1%)
Licensed in:
All states except AK, DE, ID, KS, MN, SD, VT, WV, WY
Principal Investments:
Investment grade bonds (76.6%), cash (7.6%), other (15.8%)
Corporate Info
Group Affiliation
Lemonade Inc
Investment Rating
Company Address
5 Crosby St
New York, NY 10013
New York, NY 10013
Phone Number
(322) 208-8911
NAIC Number
16023
Website
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