secwatch.observer — SEC 8-K summary
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Issuer:     Lemonade, Inc. (LMND)
CIK:        0001691421
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001691421-24-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lemonade Q4 revenue up 31% YoY; guides 2024 IFP growth ~26% with improving bottom line
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- Q4 revenue $115.5M (+31% YoY); net loss $42.4M ($0.61/shr) improves 33% YoY.
- Gross loss ratio 77% (improved 12 pts YoY); gross profit $33.6M (+165% YoY).
- 2024 guidance: IFP $938-942M (~26% growth); Adj. EBITDA loss $160-155M (~10% improvement).
- Cash & investments $945M; on track for positive cash flow H1 2025, Adj. EBITDA positive by 2026.
- Europe contributes ~30% of net-new customers; homeowners rebalancing continues.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691421/000169142124000019/0001691421-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691421/000169142124000019/lmnd-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001691421-24-000019

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