secwatch.observer — SEC 8-K summary
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Issuer:     Lemonade, Inc. (LMND)
CIK:        0001691421
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0001691421-22-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lemonade Q1 IFP $419M up 66% YoY; net loss $74.8M; guides FY22 IFP $535-545M ex-Metromile
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- IFP at $419M, up 66% YoY; customers up 37% to 1.5M; premium per customer $279 (+22%).
- Revenue $44.3M (+89%); adjusted gross profit $16.3M (+226%); gross loss ratio 90% vs 121% prior year.
- Net loss $74.8M ($1.21/sh) vs $49M loss; adjusted EBITDA loss $57.4M vs $41.3M loss.
- Q2 guidance: IFP $445-450M, adj EBITDA loss $70-65M; FY22 IFP $535-545M (ex-Metromile), adj EBITDA loss $280-265M.
- Illinois mega-bundle customers show 40% higher bundle rates; overall annual dollar retention 82%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691421/000169142122000036/0001691421-22-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691421/000169142122000036/lmnd-20220509.htm
  HTML page:      https://secwatch.observer/filing/0001691421-22-000036

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