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Lemonade LMND Reinsurance recoverables

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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$4.1B+5.9%
Enterprise value$3.73B+6.5%
P/S4.9×-1.6×

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:ReinsuranceRecoverablesOnPaidAndUnpaidLosses.

The source filing: Lemonade’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 3:41 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001691421-26-000034
Line itemAs of / March 31, 2026As of / December 31, 2025
Total investments751.3722.9
Cash, cash equivalents and restricted cash386.5396.8
Premium receivable, net of allowance for credit losses of $4.5 million and $4.1 million as of March 31, 2026 and December 31, 2025, respectively449.1402.3
Reinsurance recoverable145.5153.4
Prepaid reinsurance premium123.9147.9
Deferred acquisition costs14.212.1
Property and equipment, net16.715.8
Intangible assets8.18.1

Item 1. Financial Statements.

FAQ

What is Lemonade's reinsurance recoverables?
Lemonade (LMND) reported reinsurance recoverables of $145.5M in Q1 2026.
How has Lemonade's reinsurance recoverables changed year-over-year?
Lemonade's reinsurance recoverables decreased by 20.2% year-over-year, from $182.3M to $145.5M.
What is the long-term trend for Lemonade's reinsurance recoverables?
Over 5 years (2020 to 2025), Lemonade's reinsurance recoverables has grown at a 25.6% compound annual growth rate (CAGR), from $49M to $153.4M.
What does reinsurance recoverables mean?
This reflects the portion of insurance claims and related expenses that the company expects to recover from its reinsurers. It represents a significant asset that mitigates the financial impact of large losses on the company's own balance sheet. Monitoring this helps assess the company's reliance on reinsurance partners and the creditworthiness of those partners.

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