secwatch.observer — SEC 8-K summary
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Issuer:     Lemonade, Inc. (LMND)
CIK:        0001691421
Form:       8-K
Filed at:   2021-11-09T23:59:59+00:00
Accession:  0001691421-21-000092
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691421/000169142121000092/0001691421-21-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691421/000169142121000092/lmnd-20211108.htm
  HTML page:      https://secwatch.observer/filing/0001691421-21-000092

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