Company search
Company Details
LEMONADE INSURANCE COMPANY License Status :
Active
NAIC Number :
16023
Phone Number:
6098023855
Company Address:
5 CROSBY STREET 3rd Floor
NEW YORK, NY 10013-3154
Description:
Property and Casualty
License Number:
B431661
Date Admitted:
2017-11-02
Market Share
Link to Supplemental Data Page
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2023 | Total Property & Casualty | 0.03% | $4,645,423 | $3,951,457 | $2,423,134 | $2,619,190 | 66.28 % |
| 2023 | Total Homeowners | 0.11% | $3,402,774 | $2,916,543 | $1,893,467 | $2,103,908 | 72.14 % |
| 2023 | Homeowners Multi-Peril | 0.12% | $3,402,774 | $2,916,543 | $1,893,467 | $2,103,908 | 72.14 % |
| 2023 | Inland Marine (Incl Auto Cargo) | 0.22% | $1,242,649 | $1,034,914 | $529,667 | $515,282 | 49.79 % |
| 2022 | Total Property & Casualty | 0.03% | $3,615,626 | $3,080,569 | $1,929,697 | $2,255,383 | 73.21 % |
| 2022 | Total Homeowners | 0.10% | $2,741,663 | $2,420,858 | $1,616,164 | $1,885,809 | 77.90 % |
| 2022 | Homeowners Multi-Peril | 0.11% | $2,741,663 | $2,420,858 | $1,616,164 | $1,885,809 | 77.90 % |
| 2022 | Inland Marine (Incl Auto Cargo) | 0.17% | $873,963 | $659,711 | $313,533 | $369,574 | 56.02 % |
| 2021 | Total Property & Casualty | 0.02% | $2,562,955 | $1,908,221 | $1,333,506 | $1,958,933 | N/A |
| 2021 | Total Homeowners | 0.09% | $2,118,681 | $1,646,362 | $1,232,248 | $1,816,654 | N/A |
| 2021 | Homeowners Multi-Peril | 0.09% | $2,118,681 | $1,646,362 | $1,232,248 | $1,816,654 | N/A |
| 2021 | Inland Marine (Incl Auto Cargo) | 0.09% | $444,274 | $261,859 | $101,258 | $142,279 | 54.33 % |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
| Year | Line | Market Share | Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 2023 | Homeowners | 0.09% | 8 | 735 |
| 2022 | Homeowners | 0.07% | 3 | 443 |
| 2021 | Homeowners | 0.04% | 2 | 507 |
Company Changes
Effective Date: 11/02/2017
Comments: Effective 11/02/2017 this company was admitted as a property and casualty insurer with B1, B2 and B5 authority.
Effective Date: 07/28/2022
Comments: Effective 7/28/2022 the above company acquired Metromile Insurance Company, NAIC #16187, creating new Group Code 5032- Lemonade Inc Grp. The updated Code is pending SBS due to technical issues between this company and the NAIC.
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.