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Lemonade LMND Business Segments — Loss and loss adjustment expense, 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$4.01B+6.4%
Enterprise value$3.65B+7.1%
P/S4.8×-1.5×

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:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1.

The source filing: Lemonade’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 3:41 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001691421-26-000034
Line itemThree Months Ended March 31, 20262025
Total revenue$258.0$151.2
less: Loss and loss adjustment expenses, net133.385.4
Other insurance expense24.126.1
Sales and marketing11.85.1
Advertising expenses54.338.1
Technology development26.922.0
General and administrative35.028.1
Interest expense6.23.3

Item 1. Financial Statements.

FAQ

What is Lemonade's business segments — loss and loss adjustment expense, net?
Lemonade (LMND) reported business segments — loss and loss adjustment expense, net of $133.3M in Q1 2026.
How has Lemonade's business segments — loss and loss adjustment expense, net changed year-over-year?
Lemonade's business segments — loss and loss adjustment expense, net increased by 56.1% year-over-year, from $85.4M to $133.3M.
What is the long-term trend for Lemonade's business segments — loss and loss adjustment expense, net?
Over 3 years (2022 to 2025), Lemonade's business segments — loss and loss adjustment expense, net has grown at a 27.5% compound annual growth rate (CAGR), from $167.3M to $347M.
What does business segments — loss and loss adjustment expense, net mean?
Measures the costs associated with insurance claims incurred by the segment, including both paid losses and reserves for future claim payments. This is a critical indicator of underwriting discipline and the accuracy of actuarial risk assessment. Lower values relative to premiums earned suggest more effective risk selection and pricing.

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