secwatch.observer — SEC 8-K summary
======================================

Issuer:     Lemonade, Inc. (LMND)
CIK:        0001691421
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001691421-23-000051
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lemonade Q1 net loss improves to $65.8M, guides 2023 EBITDA loss lower to ($205)-($200)M
--------------------------------------------------------------------------------

- Q1 net loss $65.8M ($0.95/sh), improved 12% YoY; revenue $95.2M (+115% YoY) on strong premium growth.
- In Force Premium $653.3M (+56% YoY); gross loss ratio 87% (down from 90% YoY); ADR all-time high 87% (+5pp).
- Adjusted EBITDA loss $50.8M, improved 11% from $57.4M loss in Q1 2022.
- FY 2023 guidance raised: IFP $700-705M (from $695-700M); Adj EBITDA loss ($205)-($200)M (from ($245)-($240)M).
- Q2 2023 guidance: IFP $665-668M, revenue $96-98M, Adj EBITDA loss ($58)-($55)M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691421/000169142123000051/0001691421-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691421/000169142123000051/lmnd-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001691421-23-000051

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