secwatch.observer — SEC 8-K summary
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Issuer:     Lemonade, Inc. (LMND)
CIK:        0001691421
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001691421-22-000080
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lemonade Q3 revenue $74M (+107%), net loss $91M; gross loss ratio jumps to 94%
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- Revenue $74.0M (+107% YoY); net loss $91.4M ($1.37/sh) vs $66.4M ($1.08).
- In-force premium $609.2M (+76%); customers 1.78M (+30%); premium per customer $343 (+35%).
- Gross loss ratio 94% (up from 77%) due to Metromile integration and Hurricane Ian; net loss ratio 105%.
- Q4 2022 guidance: IFP $612-615M; revenue $77-80M; adj. EBITDA loss ($65)-($62)M.
- Chewy partnership (Spring 2023) for pet insurance; UK contents product launched; growth slowdown to 20-25%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691421/000169142122000080/0001691421-22-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691421/000169142122000080/lmnd-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001691421-22-000080

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