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Lemonade LMND Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

Progressive logo
ProgressivePGR
$2.13B+3.0%
Allstate logo
AllstateALL
$6.07B+4.9%
Assurant logo
AssurantAIZ
$10.2B+2.4%
Cincinnati Financial logo
Cincinnati FinancialCINF
$1.38B+6.7%
The Travelers Companies logo
The Travelers CompaniesTRV
$3.59B+1.3%
Globe Life logo
Globe LifeGL
$7.12B+7.5%

Other financials

Income statement

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Revenue$258.0M+70.6%
Net income-$35.8M+42.6%
EPS (diluted)-$0.47+45.3%

Balance sheet

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Cash & equivalents$386.5M+20.9%
Total debt$20.8M-4.6%
Total equity$518.0M-5.0%
Total assets$2.0B+5.5%

Cash flow

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Operating cash flow-$600.0K+98.7%
CapEx$3.5M+52.2%
Free cash flow-$4.1M+91.7%

Valuation

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Market cap$4.52B+109%

Profitability

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Net margin-16.4%-6.0pp
FCF margin-15.4%-6.4pp

Returns & leverage

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Return on equity-26.1%-5.5pp
Debt / equity0.0×

Where this comes from

Reported directly by Lemonade in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCosts.

The official record: Lemonade’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lemonade's deferred policy acquisition costs?
Lemonade (LMND) reported deferred policy acquisition costs of $14.2M in Q1 2026.
How has Lemonade's deferred policy acquisition costs changed year-over-year?
Lemonade's deferred policy acquisition costs increased by 24.6% year-over-year, from $11.4M to $14.2M.
What is the long-term trend for Lemonade's deferred policy acquisition costs?
Over 5 years (2020 to 2025), Lemonade's deferred policy acquisition costs has grown at a 28.2% compound annual growth rate (CAGR), from $3.5M to $12.1M.
What does deferred policy acquisition costs mean?
These are the incremental costs directly associated with acquiring new insurance policies, such as commissions and underwriting expenses, which are capitalized and amortized over the life of the policy. This metric is critical for understanding the company's investment in growth and the timing of profitability recognition. It aligns expenses with the revenue generated over the policy term.