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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
2022 Total Property & Casualty 0.01% $3,615,626 $3,080,569 $1,929,697 $2,255,383 73.21 %
2022 Total Homeowners 0.04% $2,741,663 $2,420,858 $1,616,164 $1,885,809 77.90 %
2022 Homeowners Multi-Peril 0.04% $2,741,663 $2,420,858 $1,616,164 $1,885,809 77.90 %
2022 Inland Marine (Incl Auto Cargo) 0.05% $873,963 $659,711 $313,533 $369,574 56.02 %
2021 Total Property & Casualty 0.01% $2,562,955 $1,908,221 $1,333,506 $1,958,933 N/A
2021 Total Homeowners 0.03% $2,118,681 $1,646,362 $1,232,248 $1,816,654 N/A
2021 Homeowners Multi-Peril 0.03% $2,118,681 $1,646,362 $1,232,248 $1,816,654 N/A
2021 Inland Marine (Incl Auto Cargo) 0.03% $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.

Link to Enforcements Page


Complaint Index

Year Line Market Share Number of Complaints Complaint Index
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.