If anyone wants to see exactly what goes into an insurance product, it's public info (including loss ratios.)

In this case, you can look up the public filing at https://filingaccess.serff.com/sfa/home/NY (search for Lemonade as the company)

or here is a public dropbox folder. https://www.dropbox.com/sh/dc6daybikir92l1/AAAWWT6J0DfsPG7nA... of it

Expected Loss ratio is 50%.

Pricing structure is pretty standard.