secwatch.observer — SEC 8-K summary
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Issuer:     Lemonade, Inc. (LMND)
CIK:        0001691421
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001691421-23-000012
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691421/000169142123000012/0001691421-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691421/000169142123000012/lmnd-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001691421-23-000012

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