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Lemonade delivers AI-powered renters, pet, car, homeowners, and life insurance across the US and EU. We process claims instantly, keep costs low, and donate unused premiums to causes our customers choose.
Q2 2025
Shareholder letterQ2 2025
Earnings callQ2 2025
10-Q reportLemonade Updates
- 7th Q of accelerating growth (+29% YoY) – $1.083 Billion In-Force Premium
- Loss Ratio: 67% (12pt improvement YoY)
- Generated $25M of Adj. Free Cash Flow
- Gross Margin up 14pts to 39%, Gross Profit +109%
- 2.7M customers
- Revenue up 35%
- Car Gross Loss Ratio @ 82% (13pt improvement, lowest since launch)
- Car & Europe growth engines accelerating
- Raised FY 25 guidance across IFP, GEP & Revenue
- Expecting FY 25 to be our second consecutive year of positive Adj. Free Cash Flow
- Expect to achieve positive Adj. EBITDA before EOY 26
Join our upcoming quarterly update call on August 5 at 8:00 AM ET.
Lemonade Car expands to Indiana — and gets a major tech upgrade. See Shai Wininger’s post on the LLM-powered platform driving the launch.
Lemonade Turns 10! A Decade of AI-Powered Insurance.
Dive into how our AI-first strategy became our edge—and why we believe it will compound even faster in the decade ahead →
Read Daniel Schreiber’s letterLemonade Announces Successful Renewal of Reinsurance Program
A Snapshot: Lemonade Q1 2025 Earnings Results
- Sixth consecutive quarter of accelerating growth with IFP hitting $1,008M (a 27% increase)
- TTM GLR in-line with target range at 73% despite impact of CA wildfires
- >2.5M customers (21% increase)
- Revenue growth at 27%
- Car growth picking up steam with growth in Q1 outpacing the rest of our book
A look behind the scenes of Lemonade’s work with OpenAI and their RealTime API in our voice agents platform.
Lemonade Hits $1B in Premiums, Expands Car to Colorado
Lemonade CEO Daniel Schreiber joined Insurtech Insights UK to talk AI, automation, and how technology is changing the game.
A Snapshot: Lemonade Q4 2024 Earnings Results
- Generated $48m in adj. Free Cash Flow and $27m in Q4 alone, marking our first ever FCF positive year — 12 months ahead of plan
- $1.02B in cash/investments – $76m more than beginning of year
- Record Loss Ratio: 63% in Q4, TTM Loss Ratio at 73% (12pt YoY improvement!)
- >2.4M customers
- $944M In Force Premium
- 26% IFP growth, 29% revenue growth
- Record Annual Gross Profit: $167M (nearly doubled YoY)
- EBITDA improved 18% YoY, net loss down 29%
- 5th consecutive quarter of accelerating top-line growth
Lemonade 2024 Investor Day
A Snapshot: Lemonade Q3 2024 Earnings Results
- $48 million of positive Net Cash Flow generated in Q3, reiterating NCF positivity from Q1 25 and onwards.
- Gross Loss Ratio at 73%, best in 4 years
- Gross Profit increased by 71% YoY
- Continued accelerating growth with $27 million of additional investment in marketing and customer acquisition
- In Force Premium at $889M, +24% YoY
- Operating expense excluding growth spend stayed flat
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