The past few quarters have been difficult for the business, as high inflation and potential interest rate hikes have compounded the fallout of a somewhat disappointing financial performance. The company collects about 100 times more data points per customer, which should (eventually) allow Lemonade to quantify risk more precisely, meaning its loss ratio (i.e., claims payments as a percent of premiums) should be lower than the industry average. For that reason, Lemonade stock has fallen 85% from its high.