What is Lemonade's car — ceded unpaid loss and LAE?

Lemonade (LMND) reported car — ceded unpaid loss and LAE of $39.1M in Q4 2025.

What does car — ceded unpaid loss and LAE mean?

This represents the portion of unpaid losses and loss adjustment expenses for the car insurance segment that has been transferred to reinsurers under existing agreements. It reflects the company's risk mitigation strategy and the extent to which third-party capital absorbs potential claims volatility. Monitoring this helps investors understand the net retained risk exposure versus the reliance on reinsurance partners.

Lemonade (LMND) Car — Ceded unpaid loss and LAE

Screener

Other product segments

Property Insurance

$88.1M-19.4%

Pet

$6.6M+6.5%

Similar metrics at other companies

SKWDExited Lines — Ceded unpaid losses and LAE

$18.5M+20.9%

SKWDMulti-line Solutions — Ceded unpaid losses and LAE

$514.39M+35.2%

SKWDShort-tail/Monoline Specialty Lines — Ceded unpaid losses and LAE

$388.28M+41.1%

KMPRHomeowners — Reinsurance Recoverables on Unpaid Losses and Allocated LAE

$0—

KMPROther — Reinsurance Recoverables on Unpaid Losses and Allocated LAE

$1.5M-11.8%

KMPRPreferred Personal Automobile Insurance—Liability — Reinsurance Recoverables on Unpaid Losses and Allocated LAE

$18.9M+11.8%

Other financials

Income statement

See full

Revenue$258.0M+70.6%

Net income-$35.8M+42.6%

EPS (diluted)-$0.47+45.3%

Balance sheet

See full

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

See full

Operating cash flow-$600.0K+98.7%

CapEx$3.5M+52.2%

Free cash flow-$4.1M+91.7%

Valuation

See full

Market cap$4.1B+5.9%

Enterprise value$3.73B+6.5%

P/S4.9×-1.6×

Profitability

See full

Net margin-16.4%-6.0pp

FCF margin-15.4%-6.4pp

Returns & leverage

See full

Return on equity-26.1%-5.5pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Lemonade in its filing.

Tagged under the XBRL concept us-gaap:ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments.

The source filing: Lemonade’s 10-K, filed February 25, 2026.

Filed: Feb 25, 2026, 4:21 PM EST
Fiscal year: FY2025
Accession: 0001691421-26-000016


	169.3
Reinsurance recoverable on Unpaid Loss and ALAE, net
Home and renters	88.1
Pet	6.6
Car	39.1
	133.8
Unallocated LAE	—
Gross Unpaid Loss and Loss Adjustment Expenses	$	$303.1

Item 8. Financial Statements and Supplementary Data

FAQ

What is Lemonade's car — ceded unpaid loss and LAE?: Lemonade (LMND) reported car — ceded unpaid loss and LAE of $39.1M in Q4 2025.
What does car — ceded unpaid loss and LAE mean?: This represents the portion of unpaid losses and loss adjustment expenses for the car insurance segment that has been transferred to reinsurers under existing agreements. It reflects the company's risk mitigation strategy and the extent to which third-party capital absorbs potential claims volatility. Monitoring this helps investors understand the net retained risk exposure versus the reliance on reinsurance partners.