In-force premium, its top-line metric, increased 29% over last year, and although Lemonade isn't profitable yet, it's showing healthy signs of getting there. Loss ratio has been declining, which means it's paying out less from each policy on average to cover claims, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss and net loss both improved in the second quarter. Management is expecting to reach adjusted EBITDA profitability by 2026, followed by positive net income ...