Lemonade profits jump but net loss stings

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Meanwhile, the adjusted EBITDA loss for the quarter was $47 million, in line with company guidance, which included an estimated $22 million adverse impact from the California wildfires. Net loss was $62.4 million, or $0.86 per share, compared to $47.3 million, or $0.67 per share, in the first quarter of 2024.

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