secwatch.observer — SEC 8-K summary
======================================

Issuer:     Lemonade, Inc. (LMND)
CIK:        0001691421
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001691421-21-000077
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lemonade Q2 IFP up 91% to $297M; net loss $55.6M; reinsurance cut to 70% cede
-----------------------------------------------------------------------------

- IFP $296.8M (+91% YoY); customers 1.21M (+48%); premium per customer $246 (+29%)
- Net loss $55.6M ($0.90/share) vs $21.0M loss in Q2 20; adjusted EBITDA loss $40.4M
- Quota share reinsurance renewed; cede reduced from 75% to 70% starting Q3 21
- Q3 21 guidance: IFP $336-339M, revenue $32.5-33.5M, adj. EBITDA loss $52-55M
- Lemonade Car development continues but launch date not yet announced

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691421/000169142121000077/0001691421-21-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691421/000169142121000077/lmnd-20210804.htm
  HTML page:      https://secwatch.observer/filing/0001691421-21-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer