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Q1 2025

Shareholder letter

Q1 2025

Earnings call

Q1 2025

10-Q report
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Lemonade Updates

May 6, 2025

A Snapshot: Lemonade Q1 2025 Earnings Results

  • Sixth consecutive quarter of accelerating growth with IFP hitting $1,008M (a 27% increase) 
  • TTM GLR in-line with target range at 73% despite impact of CA wildfires
  • >2.5M customers (21% increase)
  • Revenue growth at 27%
  • Car growth picking up steam with growth in Q1 outpacing the rest of our book

Q1 2025 Shareholder Letter

April 21, 2025

Join our upcoming quarterly update call on May 6 at 8:00 AM ET.

Register here
April 9, 2025

A look behind the scenes of Lemonade’s work with OpenAI and their RealTime API in our voice agents platform.

View post on X
March 25, 2025

Lemonade Hits $1B in Premiums, Expands Car to Colorado

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March 19, 2025

Lemonade CEO Daniel Schreiber joined Insurtech Insights UK to talk AI, automation, and how technology is changing the game.

Watch on YouTube
February 25, 2025

A Snapshot: Lemonade Q4 2024 Earnings Results

  • Generated $48m in adj. Free Cash Flow and $27m in Q4 alone, marking our first ever FCF positive year — 12 months ahead of plan
  • $1.02B in cash/investments – $76m more than beginning of year
  • Record Loss Ratio: 63% in Q4, TTM Loss Ratio at 73% (12pt YoY improvement!)
  • >2.4M customers
  • $944M In Force Premium
  • 26% IFP growth, 29% revenue growth
  • Record Annual Gross Profit: $167M (nearly doubled YoY)
  • EBITDA improved 18% YoY, net loss down 29%
  • 5th consecutive quarter of accelerating top-line growth

Q4 2024 Shareholder Letter

Adjusted EBITDA Comparison_Q4 2024
November 19, 2024

Lemonade 2024 Investor Day

Watch on YouTube
October 31, 2024

A Snapshot: Lemonade Q3 2024 Earnings Results

  • $48 million of positive Net Cash Flow generated in Q3, reiterating NCF positivity from Q1 25 and onwards.
  • Gross Loss Ratio at 73%, best in 4 years
  • Gross Profit increased by 71% YoY
  • Continued accelerating growth with $27 million of additional investment in marketing and customer acquisition
  • In Force Premium at $889M, +24% YoY
  • Operating expense excluding growth spend stayed flat

Q3 2024 Shareholder Letter

TTM Gross LR Over Time_Q3 2024

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