Lemonade, Inc.
60.71+3.41 (+5.95%)
Oct 29, 4:00:02 PM EDT · NYSE · LMND · USD
Key Stats
Market Cap
4.49BP/E (TTM)
-Basic EPS (TTM)
-2.82Dividend Yield
0%Recent Filings
8-K
Lemonade appoints new director
Lemonade's board appointed Prashant Ratanchandani as a Class II director on October 15, 2025, for a term ending at the 2028 annual meeting. He qualifies for the non-employee policy: $30,000 annual cash retainer, $175,000 initial RSU award vesting over three years, and $150,000 annual RSUs thereafter. No family ties or conflicting interests disclosed. This bolsters governance expertise.
8-K
Lemonade appoints new director
Lemonade's board appointed Geoff Seeley as a Class I director on October 6, 2025, for a term ending at the 2027 annual meeting. He qualifies for the non-employee policy: $30,000 annual cash retainer, $175,000 initial RSU award vesting over three years, and $150,000 annual RSUs thereafter. No family ties or conflicting interests exist. This bolsters governance expertise.
10-Q
Q2 FY2025 results
Lemonade's Q2 FY2025 revenue climbed 35% y/y to $164.1M, propelled by 26% y/y growth in net earned premium to $112.5M from expanded customer base and higher premium per customer, while ceding commission income surged 84% y/y to $30.4M on favorable reinsurance terms. Yet net loss narrowed 23% y/y to $43.9M, or $(0.60) diluted EPS, aided by better-than-expected loss reserve emergence on homeowners multi-peril policies that curbed the net loss ratio to 69% from 79% y/y. Q/q, revenue rose 13% from Q1, with net earned premium up 9% to $112.5M, though sales and marketing spend jumped 62% y/y to fuel growth. Liquidity stayed solid at $386.0M in cash and equivalents, plus $645.8M in investments, against $123.5M in borrowings under the GC financing agreement at 16% return; free cash flow not disclosed in the 10-Q. Reinsurance renewals effective July 1 cut cession rates to 20%, potentially boosting retained earnings. Intense competition in digital insurance could pressure margins further.
8-K
Lemonade Q2 growth accelerates
Lemonade's Q2 2025 results showcased accelerating growth, with in-force premium surging 29% year-over-year to $1,083 million and revenue climbing 35% to $164 million. Gross loss ratio improved sharply to 67%, boosting gross profit 109% to $64 million, while adjusted EBITDA loss narrowed 5% to $41 million. Car and Europe segments fueled the momentum, with Europe IFP exploding over 200% to $43 million. The company raised full-year IFP, GEP, and revenue guidance, yet reinsurance renewal risks could pressure capital efficiency.
8-K
Lemonade cuts reinsurance ceding to 20%
Lemonade, Inc. slashed its quota share reinsurance ceding rate from 55% to 20% under a new program effective July 1, 2025, through June 30, 2026, with reinsurers Hannover Ruck SE and MAPFRE Re. This shift, covering its U.S. and European units, maintains similar variable ceding commissions while aligning ancillary programs with prior terms. Retention rises sharply. The move bolsters capital efficiency amid growth.
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