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Lemonade LMND Reserve for insurance claims

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Segments

By product

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Property Insurance$193.5M+0.2%
Car$92.2M-1.6%
Pet$17.4M+58.2%

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+5.4%
Enterprise value$3.73B+5.9%
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:LiabilityForClaimsAndClaimsAdjustmentExpense.

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
Other assets43.647.4
Total assets$1,957.9$1,925.7
Liabilities and Stockholders' Equity
Unpaid loss and loss adjustment expense$308.8$303.1
Unearned premium614.2577.0
Trade payables2.40.5
Funds held for reinsurance treaties151.6169.5
Deferred ceding commission33.338.2

Item 1. Financial Statements.

FAQ

What is Lemonade's reserve for insurance claims?
Lemonade (LMND) reported reserve for insurance claims of $308.8M in Q1 2026.
How has Lemonade's reserve for insurance claims changed year-over-year?
Lemonade's reserve for insurance claims increased by 0.5% year-over-year, from $307.3M to $308.8M.
What is the long-term trend for Lemonade's reserve for insurance claims?
Over 5 years (2020 to 2025), Lemonade's reserve for insurance claims has grown at a 45.6% compound annual growth rate (CAGR), from $46.3M to $303.1M.
What does reserve for insurance claims mean?
This liability represents the estimated total cost for all insurance claims that have been reported but not yet settled, as well as an estimate for claims that have been incurred but not yet reported. It is a fundamental measure of the company's long-term financial obligations and actuarial accuracy. Adequacy of these reserves is essential for maintaining solvency and regulatory compliance.

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