---
schema_version: "secwatch.filing_event.v1"
accession: "0001691421-23-000012"
form_type: "8-K"
ticker: "LMND"
cik: "0001691421"
company_name: "Lemonade, Inc."
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T05:04:18.672467+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lemonade Q4 2022: IFP $625M (+64% YoY), loss ratio 89%, guides Q1 2023 EBITDA loss $63-65M

## Summary
- Q4 2022 IFP $625.1M (+64% YoY); customers 1.81M (+27%); premium per customer $346 (+30%).
- Gross loss ratio 89% (down from 94% Q3 and 96% Q4 2021); net loss ratio 97%.
- Revenue $88.4M (+116% YoY); net loss $63.7M ($0.93/share) vs $70.3M ($1.14) in Q4 2021.
- Adjusted EBITDA loss $51.7M (vs $51.2M in Q4 2021); cash & investments $1.04B.
- Guidance: Q1 2023 IFP $635-637M, revenue $87-89M, Adj. EBITDA loss ($65)-($63)M; FY 2023 IFP $695-700M, Adj. EBITDA loss ($245)-($240)M.

## SEC filing metadata
- accession: 0001691421-23-000012
- form_type: 8-K
- ticker: LMND
- cik: 0001691421
- company_name: Lemonade, Inc.
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1691421/000169142123000012/0001691421-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1691421/000169142123000012/lmnd-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001691421-23-000012
- JSON: https://secwatch.observer/filing/0001691421-23-000012.json
- Plain text: https://secwatch.observer/filing/0001691421-23-000012.txt

## Key facts
- Earnings Releases
  Lemonade, Inc. reported the quarter ended December 31, 2022 results: net income $64 million. Guidance initiated.
  - Period: the quarter ended December 31, 2022
  - Net income: $64 million
  - Guidance: initiated
  - Result: reported results
  source text: Bottom line: Adjusted EBITDA Loss contracted to $52 million, down from $66 million in Q3; while Net Loss for the period was $64 million, down from $91 million in the prior quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1691421/000169142123000012/0001691421-23-000012-index.htm

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