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

Issuer:     Lemonade, Inc. (LMND)
CIK:        0001691421
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001691421-25-000062
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lemonade Q1 2025: IFP crosses $1B (+27% YoY); Adj. EBITDA loss $47M in line with guidance
--------------------------------------------------------------------------------

- In Force Premium $1,008M (+27% YoY); revenue $151.2M (+27%).
- TTM gross loss ratio 73% (within target); Q1 loss ratio 78% due to California Wildfires (16 pts).
- Net loss $62.4M ($0.86/share); Adj. EBITDA loss $47M, includes ~$22M wildfire impact.
- FY2025 guidance: IFP growth 28% reiterated; Adj. EBITDA loss $140-135M; GEP raised to $1,028-1,031M.
- Lemonade Car had first quarter where sequential IFP growth outpaced rest of book; state coverage >40%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691421/000169142125000062/0001691421-25-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691421/000169142125000062/lmnd-20250506.htm
  HTML page:      https://secwatch.observer/filing/0001691421-25-000062

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