---
schema_version: "secwatch.filing_event.v1"
accession: "0001691421-23-000092"
form_type: "8-K"
ticker: "LMND"
cik: "0001691421"
company_name: "Lemonade, Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T14:01:30.535836+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lemonade Q2 IFP up 50% to $687M, net loss $67.2M; raises FY 2023 guidance

## Summary
- Q2 net loss $67.2M ($0.97/share) vs $67.9M prior year; Adj EBITDA loss $52.7M, better than expected despite 4x CAT losses.
- IFP $686.6M (+50% YoY), revenue $104.6M (+109%); gross loss ratio 94% including 21 pts from severe convective storms.
- 55% quota share reinsurance renewed oversubscribed; new 'Synthetic Agents' CAC financing expected to boost capital efficiency.
- California approved 30% homeowners rate hike and 23% pet rate increase; ~50% of new rates yet to earn in.
- Raised full-year guidance: FY 2023 IFP $710-715M, revenue $402-408M, Adj EBITDA loss ($199)-($196)M.

## SEC filing metadata
- accession: 0001691421-23-000092
- form_type: 8-K
- ticker: LMND
- cik: 0001691421
- company_name: Lemonade, Inc.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1691421/000169142123000092/0001691421-23-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1691421/000169142123000092/lmnd-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001691421-23-000092
- JSON: https://secwatch.observer/filing/0001691421-23-000092.json
- Plain text: https://secwatch.observer/filing/0001691421-23-000092.txt

## Key facts
- Earnings Releases
  Lemonade, Inc. reported the three and six months ended June 30, 2023 results: net income Net loss for the quarter was $67 million..
  - Period: the three and six months ended June 30, 2023
  - Net income: Net loss for the quarter was $67 million.
  - Result: reported results
  source text: On August 2, 2023, Lemonade, Inc. (the "Company") announced its financial results for the three and six months ended June 30, 2023 by issuing a letter to shareholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1691421/000169142123000092/0001691421-23-000092-index.htm

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