What is Lemonade's pet — total unpaid loss and ALAE reserves, net?

Lemonade (LMND) reported pet — total unpaid loss and ALAE reserves, net of $10.8M in Q4 2025.

How has Lemonade's pet — total unpaid loss and ALAE reserves, net changed year-over-year?

Lemonade's pet — total unpaid loss and ALAE reserves, net increased by 125.0% year-over-year, from $4.8M to $10.8M.

What does pet — total unpaid loss and ALAE reserves, net mean?

This represents the total net liability for claims that have been reported but not yet fully settled within the pet insurance segment. It reflects the company's commitment to future payouts and is a primary measure of balance sheet strength regarding insurance obligations. High reserve levels relative to premiums may indicate conservative underwriting or a high volume of pending claims.

Lemonade (LMND) Pet — Total unpaid loss and ALAE reserves, net

Screener

Other product segments

Property Insurance

$105.4M+25.8%

Similar metrics at other companies

CINFHomeowner — Total liabilities for loss and ALAE, net of reinsurance

49,800,000,000%+8,400,000,000pp

CINFPersonal Auto — Total liabilities for loss and ALAE, net of reinsurance

50,100,000,000%+11,200,000,000pp

CINFCommercial Auto Line — Total liabilities for loss and ALAE, net of reinsurance

100,700,000,000%+13,600,000,000pp

CINFCommercial Casualty Line — Total liabilities for loss and ALAE, net of reinsurance

362,500,000,000%+39,700,000,000pp

CINFCommercial Property Segment — Total liabilities for loss and ALAE, net of reinsurance

43,000,000,000%-3,900,000,000pp

CINFWorkers' Compensation Line — Total liabilities for loss and ALAE, net of reinsurance

98,700,000,000%+2,000,000,000pp

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:ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNet.

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 Year	December 31, 2020	December 31, 2021	December 31, 2022	December 31, 2023	December 31, 2024	December 31, 2025
2022	—	—	21.8	25.1	25.1	25.1
2023	—	—	—	45.8	48.9	49.0
2024	—	—	—	—	67.6	71.8
2025	—	—	—	—	—	118.9
Total paid losses and ALAE, net						$275.0
Total unpaid loss and ALAE reserves, net						$10.8
Ceded unpaid loss and ALAE						6.6
Gross unpaid loss and ALAE						$17.4

Item 8. Financial Statements and Supplementary Data

FAQ

What is Lemonade's pet — total unpaid loss and ALAE reserves, net?: Lemonade (LMND) reported pet — total unpaid loss and ALAE reserves, net of $10.8M in Q4 2025.
How has Lemonade's pet — total unpaid loss and ALAE reserves, net changed year-over-year?: Lemonade's pet — total unpaid loss and ALAE reserves, net increased by 125.0% year-over-year, from $4.8M to $10.8M.
What does pet — total unpaid loss and ALAE reserves, net mean?: This represents the total net liability for claims that have been reported but not yet fully settled within the pet insurance segment. It reflects the company's commitment to future payouts and is a primary measure of balance sheet strength regarding insurance obligations. High reserve levels relative to premiums may indicate conservative underwriting or a high volume of pending claims.