---
schema_version: "secwatch.filing_event.v1"
accession: "0001691421-21-000092"
form_type: "8-K"
ticker: "LMND"
cik: "0001691421"
company_name: "Lemonade, Inc."
filed_at: "2021-11-09T23:59:59+00:00"
generated_at: "2026-06-28T10:49:10.463959+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Lemonade to acquire Metromile (0.05263x); Q3 IFP $347M (+84% YoY)

## Summary
- Merger: each Metromile share converts to 0.05263 LMND shares; termination fee $12.5M; expected close by Aug 8, 2022.
- Q3 IFP $347M, up 84% YoY; record $50M sequential IFP increase.
- Customer count ~1.4M; non-renters share 47% (up from 44%); pet 15%, life 2%, homeowners 30%.
- Advertising efficiency declined 26% YoY due to industry-wide media cost increases.
- Lemonade Car launched; Metromile acquisition expected to enhance car insurance with sensor data.

## SEC filing metadata
- accession: 0001691421-21-000092
- form_type: 8-K
- ticker: LMND
- cik: 0001691421
- company_name: Lemonade, Inc.
- filed_at: 2021-11-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1691421/000169142121000092/0001691421-21-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1691421/000169142121000092/lmnd-20211108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001691421-21-000092
- JSON: https://secwatch.observer/filing/0001691421-21-000092.json
- Plain text: https://secwatch.observer/filing/0001691421-21-000092.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.