secwatch.observer — SEC 8-K summary
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Issuer:     Lemonade, Inc. (LMND)
CIK:        0001691421
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001691421-24-000100
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691421/000169142124000100/0001691421-24-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691421/000169142124000100/lmnd-20240730.htm
  HTML page:      https://secwatch.observer/filing/0001691421-24-000100

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