Lemonade, Inc. (NYSE:LMND) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET
Company Participants
Yael Wissner-Levy - Vice President of Communications
Daniel Schreiber - Co-Founder & Chief Executive Officer
Shai Wininger - President & Co-Founder
Tim Bixby - Chief Financial Officer
Conference Call Participants
Jack Matten - BMO
Jason Helfstein - Oppenheimer
Tommy McJoynt - KBW
Andrew Stein - FT Partners
Charlie Rodgers - Jefferies
Matt Smith - Halter Ferguson Financial
Operator
Hello and welcome everyone to the Lemonade Q3 2024 Earnings Call. My name is Maxine and I'll be coordinating today’s call. [Operator Instructions]
I will now hand you over to Yael Wissner-Levy, VP, Communications to begin. Please go ahead when you are ready.
Yael Wissner-Levy
Good morning and welcome to Lemonade’s third quarter 2024 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, CEO and Co-Founder; Shai Wininger, President and Co-Founder; and Tim Bixby, our Chief Financial Officer.
A letter to shareholders covering the company's third quarter 2024 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 2023 Form 10-Q filed with the SEC on May 1, 2024 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 direct comparable GAAP financial measures are included in our letter to shareholders. Our letter to shareholders also includes information about our key performance indicators, including customers, in-force premiums, premium per customer, annual dollar retention, gross earned premium, gross loss ratio, gross loss ratio ex CAT and net loss ratio. And the definition of each metric, why each is useful to investors and how we use each to monitor and manage our business.