secwatch.observer — SEC 8-K summary
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Issuer:     Lemonade, Inc. (LMND)
CIK:        0001691421
Form:       8-K
Filed at:   2025-07-02T23:59:59+00:00
Accession:  0001691421-25-000108
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691421/000169142125000108/0001691421-25-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691421/000169142125000108/lmnd-20250630.htm
  HTML page:      https://secwatch.observer/filing/0001691421-25-000108

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