Lemonade, Inc. (LMND) Q1 2023 Earnings Call Transcript

Lemonade, Inc. (NYSE:LMND) Q1 2023 Earnings Conference Call May 4, 2023 8:00 AM ET

Company Participants

Yael Wissner-Levy - Vice President of Communications
Daniel Schreiber - Co-Founder & Co-Chief Executive Officer
Shai Wininger - Co-Founder & Co-Chief Executive Officer
Tim Bixby - Chief Financial Officer

Conference Call Participants

Jason Helfstein - Oppenheimer
Tommy McJoynt - KBW
Josh Shanker - Bank of America Merrill Lynch

Operator

Thank you for standing by. My name is Sydney, and I will be your conference operator today. At this time, I would like to welcome everyone to the Lemonade Q1, 2023 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

We will now turn it over to you Yael to begin the conference.

Yael Wissner-Levy

Good morning, and welcome to Lemonade's first quarter 2023 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, Co-CEO and Co-Founder; Shai Wininger, Co-CEO and Co-Founder; and Tim Bixby, our Chief Financial Officer. A letter to shareholders covering the company's first quarter 2023 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 – 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 3, 2023, 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