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Lemonade LMND Property Insurance — Total paid losses and ALAE, net

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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:ShortdurationInsuranceContractsCumulativePaidClaimsAndAllocatedClaimAdjustmentExpenseNet.

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
202252.785.590.792.7
202388.9122.3128.3
202489.1123.6
202596.2
Total paid losses and ALAE, net$612.9
Total unpaid loss and ALAE reserves, net$105.4
Ceded unpaid loss and ALAE88.1
Gross unpaid loss and ALAE$193.5

Item 8. Financial Statements and Supplementary Data

FAQ

What is Lemonade's property insurance — total paid losses and ALAE, net?
Lemonade (LMND) reported property insurance — total paid losses and ALAE, net of $612.9M in Q4 2025.
How has Lemonade's property insurance — total paid losses and ALAE, net changed year-over-year?
Lemonade's property insurance — total paid losses and ALAE, net increased by 401.1% year-over-year, from $122.3M to $612.9M.
What does property insurance — total paid losses and ALAE, net mean?
This metric tracks the actual cash outflows for settled claims and associated loss adjustment expenses, net of reinsurance recoveries. It provides a clear view of the realized cost of claims and the efficiency of the claims settlement process. Comparing this to incurred losses helps investors understand the speed and accuracy of the company's loss reserving practices.

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