---
schema_version: "secwatch.filing_event.v1"
accession: "0001691421-24-000100"
form_type: "8-K"
ticker: "LMND"
cik: "0001691421"
company_name: "Lemonade, Inc."
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T15:20:39.007091+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lemonade Q2 2024 turns net cash flow positive; loss ratio improves 15 pts to 79%

## Summary
- Net cash flow positive in Q2; expects to remain positive except Q4 2024 due to seasonality.
- In Force Premium $838.8M (+22% YoY); revenue $122.0M (+17%); gross loss ratio 79%.
- Gross profit $30.8M (+155%); gross margin doubled to 25%; operating expense up 13%.
- Adjusted EBITDA loss -$43M (-18% YoY); net loss -$57M (-15%).
- Non-renewing CAT-exposed homeowners policies; IFP impact of $20-25M built into guidance.

## SEC filing metadata
- accession: 0001691421-24-000100
- form_type: 8-K
- ticker: LMND
- cik: 0001691421
- company_name: Lemonade, Inc.
- filed_at: 2024-07-30T23:59:59+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/1691421/000169142124000100/0001691421-24-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1691421/000169142124000100/lmnd-20240730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001691421-24-000100
- JSON: https://secwatch.observer/filing/0001691421-24-000100.json
- Plain text: https://secwatch.observer/filing/0001691421-24-000100.txt

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