secwatch.observer — SEC 8-K summary
======================================

Issuer:     Lemonade, Inc. (LMND)
CIK:        0001691421
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0001691421-25-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691421/000169142125000021/0001691421-25-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691421/000169142125000021/lmnd-20250225.htm
  HTML page:      https://secwatch.observer/filing/0001691421-25-000021

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