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Lemonade LMND Property Insurance — IBNR, net of reinsurance (less than)

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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+5.4%
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 lmnd:ShortDurationInsuranceContractsIncurredButNotReportedIBNRNetOfReinsurance.

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

(2) IBNR, net of reinsurance as of December 31, 2025 for accident years 2016, 2017, 2018, 2019, and 2020 was less than $0.1 million.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Lemonade's property insurance — IBNR, net of reinsurance (less than)?
Lemonade (LMND) reported property insurance — IBNR, net of reinsurance (less than) of $100K in Q4 2025.
What does property insurance — IBNR, net of reinsurance (less than) mean?
This represents the estimated liability for incurred but not reported claims, adjusted for the portion covered by reinsurance agreements. It highlights the company's net financial exposure to unknown future claims after risk transfer mechanisms are applied. This is a key metric for assessing the effectiveness of the company's reinsurance strategy in mitigating volatility.

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