Lemonade Q2 IFP up 32% to $1.43B; Adj. EBITDA loss narrows 54%; expects positive Adj. EBITDA in Q4 2026

Lemonade, Inc.

IFP $1.43B (+32% YoY), revenue $294M (+79%), gross profit $113M (+76%).
Adj. EBITDA loss ($19)M, improved 54% YoY; net loss ($43)M in line with prior year.
LAE ratio dropped to 5% from 13% a year ago, a record low.
Reinsurance renewal reduces quota share to ~18%, expands catastrophe protection to $40M per event.
Guidance: Q3 Adj. EBITDA loss ($23)-($20)M; full year loss ($51)-($47)M; Q4 Adj. EBITDA positive ~$8M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.