Lemonade reduces ceded quota share reinsurance from ~55% to ~20% effective July 2025

Lemonade, Inc.

New reinsurance program effective July 1, 2025 through June 30, 2026 with Hannover and MAPFRE.
Ceded proportion reduced from approximately 55% to approximately 20% under quota share contracts.
Variable ceding commission rate expected to be roughly equivalent to the expiring agreements.
Other ancillary reinsurance programs expected to renew at terms roughly in line with expiring agreements.
Contracts to be filed as exhibits to Q2 2025 10-Q with confidential redactions.

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