---
schema_version: "secwatch.filing_event.v1"
accession: "0001691421-26-000041"
form_type: "8-K"
ticker: "LMND"
cik: "0001691421"
company_name: "Lemonade, Inc."
filed_at: "2026-06-24T12:01:58+00:00"
generated_at: "2026-06-24T12:05:25.514491+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lemonade secures up to $250M financing from Hannover Re for growth spend through 2028

## Summary
- Hannover Re will provide up to $150M in 2027 and up to $250M in 2028 for sales and marketing (Growth Spend).
- Financing covers up to 80% of monthly Growth Spend, max $20M per customer cohort; repayments based on premium collections.
- Return rate is the greater of 0% or 3-year U.S. Treasury rate plus 5.8%.
- After full repayment, Lemonade retains all future premiums from financed cohorts.

## SEC filing metadata
- accession: 0001691421-26-000041
- form_type: 8-K
- ticker: LMND
- cik: 0001691421
- company_name: Lemonade, Inc.
- filed_at: 2026-06-24T12:01:58+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1691421/000169142126000041/0001691421-26-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1691421/000169142126000041/lmnd-20260622.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001691421-26-000041
- JSON: https://secwatch.observer/filing/0001691421-26-000041.json
- Plain text: https://secwatch.observer/filing/0001691421-26-000041.txt

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