---
schema_version: "secwatch.filing_event.v1"
accession: "0001691421-25-000021"
form_type: "8-K"
ticker: "LMND"
cik: "0001691421"
company_name: "Lemonade, Inc."
filed_at: "2025-02-25T23:59:59+00:00"
generated_at: "2026-05-26T04:48:53.784703+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lemonade's best quarter ever: Q4 IFP $944M (+26%), gross loss ratio 63%, Adj. FCF $27M

## Summary
- FY 2024: IFP $944M (+26% YoY), revenue +29%, gross profit nearly doubled to $167M, Adj. EBITDA loss ($150M) improved 13%.
- Q4 2024: Gross profit $64M (+90% YoY), gross margin 43% (+14pts); Adj. EBITDA loss ($24M) improved 18%; net loss ($30M) improved 29%.
- CA wildfires estimated to cause $45M gross losses in Q1 2025, $20M Adj. EBITDA impact; company maintains FY25 Adj. EBITDA loss guidance of ($140)-($135)M.
- Pet insurance IFP $283M (+57% YoY); Synthetic Agent program extended to Dec 2026, $200M additional availability, net outstanding $83M.
- FY25 guidance: IFP $1,203-1,208M (+28% growth), revenue $655-657M, Q1 Adj. EBITDA loss ($49)-($46)M including wildfire impact.

## SEC filing metadata
- accession: 0001691421-25-000021
- form_type: 8-K
- ticker: LMND
- cik: 0001691421
- company_name: Lemonade, Inc.
- filed_at: 2025-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1691421/000169142125000021/0001691421-25-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1691421/000169142125000021/lmnd-20250225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001691421-25-000021
- JSON: https://secwatch.observer/filing/0001691421-25-000021.json
- Plain text: https://secwatch.observer/filing/0001691421-25-000021.txt

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