Lemonade Inc. (NYSE:LMND) Q2 2022 Earnings Conference Call August 9, 2022 8:00 AM ET
Company Participants
Yael Wissner-Levy - Head of Content and Communications
Daniel Schreiber - Co-Founder, Chairman and Co-CEO
Shai Wininger - Co-Founder, President, Co-CEO
Tim Bixby - Chief Financial Officer
Conference Call Participants
Michael Phillips - Morgan Stanley
Thomas McJoynt - KBW
Jason Helfstein - Oppenheimer
Andrew Kligerman - Credit Suisse
Katie Sakys - Autonomous Research
Operator
Hello, everyone, and a warm welcome to the Lemonade Inc Q2 2022 Earnings Call. My name is Melissa, and I'll be your operator. [Operator Instructions]
I now have the pleasure of handing over to our host today Yael Wissner-Levy to begin. Yael, over to you.
Yael Wissner-Levy
Good morning, and welcome to Lemonade's second quarter 2022 earnings call. My name is Yael Wissner-Levy, and I am 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 second 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 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. Daniel?
Daniel Schreiber
Good morning, and thanks for joining us to review our Q2 results and our outlook for the second half of 2022. We'll touch on a few important themes this morning. Some of these are laid out in more detail and with accompanying grants in our shareholder letter. So if you haven't read it this quarter, I do encourage you to.