secwatch.observer — SEC 8-K summary
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Issuer:     Lemonade, Inc. (LMND)
CIK:        0001691421
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0001691421-22-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lemonade Q4 revenue $41M (+100% YoY), net loss $70.3M; gross loss ratio 96%; 2022 peak loss year
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- Q4 revenue $41.0M (+100% YoY); gross earned premium $89.3M (+79%). Net loss $70.3M ($1.14 loss per share) vs $33.9M loss in Q4 2020.
- Gross loss ratio 96% (up from 73% Q4 2020, 77% Q3 2021), driven by unfavorable prior-period development and mix shift to home & pet.
- Customers 1.43M (+43%), in-force premium $380.1M (+78%), premium per customer $266 (+25%), annual dollar retention 82% (+4ppts).
- FY 2022 guidance (ex-Metromile): IFP $530-540M, revenue $202-205M, Adj EBITDA loss $(290)-(275)M. Calls 2022 'peak losses'; Metromile deal expected Q2 close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691421/000169142122000012/0001691421-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691421/000169142122000012/lmnd-20220223.htm
  HTML page:      https://secwatch.observer/filing/0001691421-22-000012

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