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Lemonade LMND Ceding commission income

Ceding commission income at other companies

ESN
Essent GroupESNT
-$352.5K-57.4%
W.R. Berkley logo
W.R. BerkleyWRB
$3M+200%
Radian Group logo
Radian GroupRDN
$8.36M+18.8%
Radian Group logo
Radian GroupRDN
$4.59M
Jackson Financial logo
Jackson FinancialJXN
$52.75M-4.5%
Radian Group logo
Radian GroupRDN
$8.22M+22.3%

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$4.52B+109%

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:CededCommissionIncome.

The official record: Lemonade’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lemonade's ceding commission income?
Lemonade (LMND) reported ceding commission income of $23.6M in Q1 2026.
How has Lemonade's ceding commission income changed year-over-year?
Lemonade's ceding commission income decreased by 12.3% year-over-year, from $26.9M to $23.6M.
What is the long-term trend for Lemonade's ceding commission income?
Over 4 years (2021 to 2025), Lemonade's ceding commission income has grown at a 28.6% compound annual growth rate (CAGR), from $44.9M to $122.7M.
What does ceding commission income mean?
This reflects fees or commissions received from reinsurers as compensation for the costs associated with placing business under reinsurance treaties. It is a critical component of the company's capital-light business model, effectively offsetting acquisition costs. Monitoring this helps investors understand the economic benefit derived from the company's reinsurance strategy.