Lemonade, Inc. (NYSE:LMND) Q3 2022 Results Conference Call November 8, 2022 8:00 AM ET
Company Participants
Yael Wissner-Levy - VP, Communications
Daniel Schreiber - Co-CEO and Co-Founder
Tim Bixby - CFO
Shai Wininger - Co-CEO and Co-Founder
Conference Call Participants
Michael Phillips - Morgan Stanley
Tracy Benguigui - Barclays
Tommy McJoynt - KBW
Andrew Kligerman - Credit Suisse
Josh Shanker - Bank of America
Operator
Ladies and gentlemen, hello, and welcome to the Lemonade Q3 2022 Earnings Call. My name is Maxine, and I'll be coordinating the call today. [Operator Instructions].
I will now hand you over to Yael Wissner-Levy, VP Communications at Lemonade to begin. Please go ahead when you're ready.
Yael Wissner-Levy
Good morning, and welcome to Lemonade's third quarter 2022 earnings call. My name is Yael Wissner-Levy, and I'm the VP Communications at Lemonade. Joining me today to discuss our results are Daniel Schreiber, Co-CEO and Co-Founder; Shai Wininger, Co-CEO and Co-Founder; and Tim Bixby, Chief Financial Officer.
A letter to shareholders covering the company's thirds quarter 2022 financial results is available on our investor relations website, investor.lemonade.com.
Before we begin, I would like to remind you that management's remarks on this call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in the risk factors section of our Form 10-K filed with the SEC on March 1, 2022, and our other filings with the SEC. Any forward-looking statements made on this call represent our views only as of today, and we undertake no obligation to update them. We will be referring to certain non-GAAP financial measures on today's call, such as adjusted EBITDA and adjusted gross profit, which we believe may be important to investors to assess our operating performance.
Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in our letter to shareholders. Our letter to shareholders also includes information about our key operating metrics, including In Force premium, premium per customer, gross loss ratio and net loss ratio and a definition of each metric, why each is useful to investors and how we use each to monitor and manage our business.
With that, I'll turn the call over to Daniel, who will begin with a few opening remarks.