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Lemonade LMND Car — Unpaid losses and loss adjustment expenses

Other product segments

Property Insurance
$193.5M+0.2%
Pet
$17.4M+58.2%

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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:LiabilityForClaimsAndClaimsAdjustmentExpense.

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
Accident YearDecember 31, 2016December 31, 2017December 31, 2018December 31, 2019December 31, 2020December 31, 2021December 31, 2022December 31, 2023December 31, 2024December 31, 2025
202245.474.081.485.7
2023 (3)43.258.460.3
2024 (3)31.849.9
2025 (3)31.7
Total paid losses and ALAE, net$437.9
Total unpaid loss and ALAE reserves, net (2)$53.1
Ceded unpaid loss and ALAE$39.1
Gross unpaid loss and ALAE$92.2

Item 8. Financial Statements and Supplementary Data

FAQ

What is Lemonade's car — unpaid losses and loss adjustment expenses?
Lemonade (LMND) reported car — unpaid losses and loss adjustment expenses of $92.2M in Q4 2025.
What does car — unpaid losses and loss adjustment expenses mean?
This metric captures the gross estimated liability for all outstanding claims and associated adjustment costs within the car insurance segment before accounting for reinsurance. It provides a comprehensive view of the total claims backlog that the company is obligated to manage. This figure is a key component of the company's overall insurance liabilities.

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