Highest-materiality recent filing
Lemonade CFO Tim Bixby to move to board Jan 1, 2027; Nick Stead named CFO at $412,500 salary
Bixby continues as CFO through January 1, 2027, then becomes a Class III director; transition letter gives no severance or separation payments.
Lemonade CFO Tim Bixby to transition to board; Nick Stead named new CFO effective Jan 1, 2027
Tim Bixby to step down as CFO and become Class III board member effective Jan 1, 2027.
IFP $1.43B (+32% YoY), revenue $294M (+79%), gross profit $113M (+76%).
Lemonade secures up to $250M financing from Hannover Re for growth spend through 2028
Hannover Re will provide up to $150M in 2027 and up to $250M in 2028 for sales and marketing (Growth Spend).
Michael Eisenberg: 27,119,000 for, 7,419,671 withheld; Debra Schwartz: 30,242,730 for, 4,295,941 withheld; both re-elected to Class III through 2029.
Lemonade Q1 2026 IFP up 32%, Gross Profit +159% YoY, Adj. EBITDA Loss Narrows to $17M
In Force Premium reached $1.33B, up 32% YoY; revenue $258M, up 71% YoY.
Q4 2025 revenue $228M (+53% YoY); GAAP net loss $22M improves 28%; gross profit $111M (+73%) with gross loss ratio 52%.
Lemonade's Metromile-related warrants expire Feb 9; trading suspended after Feb 5
Issued 7,846,646 warrants with exercise price $218.51 from 2021 Metromile merger.
Lemonade Q3 IFP growth accelerates to 30%; gross profit more than doubles YoY to $80M
IFP $1,158M (+30% YoY); eighth consecutive quarter of accelerating growth; Car IFP $163M (+40% YoY).
Lemonade appoints Prashant Ratanchandani to Board as Class II director effective Oct 15, 2025
Mr. Ratanchandani joins as a Class II director with term expiring at 2028 annual meeting.
Lemonade appoints Geoff Seeley to Board of Directors
Appointment effective October 6, 2025; Seeley serves as Class I director through 2027 annual meeting.
Lemonade Q2 IFP $1.08B (+29%), gross profit +109%, raises FY guidance
IFP $1.08B (+29% YoY), 7th consecutive quarter of accelerating growth; revenue grew 35%.
Lemonade reduces ceded quota share reinsurance from ~55% to ~20% effective July 2025
New reinsurance program effective July 1, 2025 through June 30, 2026 with Hannover and MAPFRE.
Lemonade holds 2025 annual meeting; elects directors, ratifies EY, approves say-on-pay
68.41% of voting power represented; Shai Wininger and Dr. Samer Haj-Yehia elected as Class II directors.
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%).
Lemonade ends Chewy warrant deal; 190K driver's license numbers exposed
Terminated warrant agreement with Chewy; 3,170,834 remaining shares cancelled, 181,191 previously exercised.
Lemonade's best quarter ever: Q4 IFP $944M (+26%), gross loss ratio 63%, Adj. FCF $27M
FY 2024: IFP $944M (+26% YoY), revenue +29%, gross profit nearly doubled to $167M, Adj. EBITDA loss ($150M) improved 13%.
Lemonade expands customer investment financing to $200M for 2026 growth
Amended customer investment agreement increases 2026 commitment from $140M to $200M for sales and marketing.
Lemonade President confirms company has not yet reached $1B in-force premium
Confirms Lemonade's in-force premium has not yet reached $1 billion as of January 2, 2025.
Lemonade Q3 NCF positive $48M, IFP +24% to $889M, loss ratio improves 10pts to 73%
Revenue $136.6M (+19% YoY); gross profit $37.5M (+71% YoY) on higher premium and lower loss ratio.
Lemonade Q2 2024 turns net cash flow positive; loss ratio improves 15 pts to 79%
Net cash flow positive in Q2; expects to remain positive except Q4 2024 due to seasonality.
Lemonade holds 2024 annual meeting; all stockholder proposals approved
Daniel Schreiber and Mwashuma Nyatta re-elected as Class I directors with 24.99M and 23.99M votes for, respectively.
IFP $794M (+22% YoY), revenue $119M (+25%), gross profit $34.7M (+110%), gross loss ratio 79% (improved 8 pts YoY).
Lemonade Q4 revenue up 31% YoY; guides 2024 IFP growth ~26% with improving bottom line
Q4 revenue $115.5M (+31% YoY); net loss $42.4M ($0.61/shr) improves 33% YoY.
Lemonade amends customer investment deal, lines up up to $290M for growth
Investors commit up to $150M through Dec 2024 and $140M through Dec 2025 for sales and marketing.
Lemonade shifts from co-CEOs to single CEO; Schreiber CEO, Wininger President
Effective Jan 1, 2024, Shai Wininger becomes President, Daniel Schreiber becomes CEO.
Lemonade board replaces Novoselsky and Martincevic with Schwartz and Haj-Yehia
Directors Irina Novoselsky and Silvija Martincevic resigned Nov 21, 2023; not due to any disagreement with company.
Lemonade Q3 revenue $114.5M (+55% YoY); expects cash-flow positive by late 2025
Revenue $114.5M (+55% YoY); gross profit $21.9M (+170%); IFP $719M (+18%).
Lemonade Q2 IFP up 50% to $687M, net loss $67.2M; raises FY 2023 guidance
Q2 net loss $67.2M ($0.97/share) vs $67.9M prior year; Adj EBITDA loss $52.7M, better than expected despite 4x CAT losses.
Lemonade enters up to $150M customer investment agreement for sales and marketing
Investors provide up to $150M over 18 months; Lemonade pays share of Reference Income.
Lemonade enters 2024 reinsurance program ceding ~55% of premium to Hannover, MAPFRE, Swiss Re
Reinsurance program effective July 1, 2023 to June 30, 2024 with three reinsurers.
Lemonade holds 2023 annual meeting; all shareholder proposals approved
Both director nominees elected: Silvija Martincevic (30.1M for) and Michael Eisenberg (29.4M for) to serve until 2026.
Lemonade Q1 net loss improves to $65.8M, guides 2023 EBITDA loss lower to ($205)-($200)M
Q1 net loss $65.8M ($0.95/sh), improved 12% YoY; revenue $95.2M (+115% YoY) on strong premium growth.
Lemonade says SVB liquidity exposure immaterial, less than $7,000 in cash at bank
Cash held at Silicon Valley Bank is less than $7,000, below FDIC-insured limit of $250,000.
Lemonade's Chief Business Development Officer Jorge Espinel resigns effective March 1, 2023
Jorge Espinel resigns as Chief Business Development Officer, effective March 1, 2023.
Lemonade Q4 2022: IFP $625M (+64% YoY), loss ratio 89%, guides Q1 2023 EBITDA loss $63-65M
Q4 2022 IFP $625.1M (+64% YoY); customers 1.81M (+27%); premium per customer $346 (+30%).
Lemonade Q3 revenue $74M (+107%), net loss $91M; gross loss ratio jumps to 94%
Revenue $74.0M (+107% YoY); net loss $91.4M ($1.37/sh) vs $66.4M ($1.08).
Lemonade issues warrant to Chewy Insurance Services for up to 3.35M shares at $0.01
Warrant to purchase 3,352,025 shares of common stock at $0.01 per share, vesting over five years with performance conditions.
Pro forma FY2021 combined net loss $448.1M; diluted EPS loss $6.58.
Q2 results ahead of expectations: IFP $457.6M (+54% YoY), revenue $50M (+77%), Net Loss $67.9M ($1.10/share), Adj EBITDA loss $50.3M.
Lemonade completes Metromile acquisition for ~$145M in stock; receives $155M cash and $110M premiums
Deal closed July 28, 2022; Metromile shareholders received 7.3 million LMND shares.
Lemonade updates Metromile acquisition timeline; close expected early Q3 2022
Metromile acquisition (all-stock, 19:1) expected early Q3 2022; DOJ approved.
Lemonade Q1 IFP $419M up 66% YoY; net loss $74.8M; guides FY22 IFP $535-545M ex-Metromile
IFP at $419M, up 66% YoY; customers up 37% to 1.5M; premium per customer $279 (+22%).
Director Caryn Seidman-Becker resigns from Lemonade board effective June 8, 2022
Resignation announced on April 14, 2022, effective after the 2022 Annual Meeting of Stockholders.
Lemonade approves $848,747 special cash bonus to COO Adina Eckstein
Board approved one-time cash bonus of $848,747 to COO Adina Eckstein.
Lemonade Q4 revenue $41M (+100% YoY), net loss $70.3M; gross loss ratio 96%; 2022 peak loss year
Q4 revenue $41.0M (+100% YoY); gross earned premium $89.3M (+79%). Net loss $70.3M ($1.14 loss per share) vs $33.9M loss in Q4 2020.
Lemonade to acquire Metromile (0.05263x); Q3 IFP $347M (+84% YoY)
Merger: each Metromile share converts to 0.05263 LMND shares; termination fee $12.5M; expected close by Aug 8, 2022.
Lemonade Q2 IFP up 91% to $297M; net loss $55.6M; reinsurance cut to 70% cede
IFP $296.8M (+91% YoY); customers 1.21M (+48%); premium per customer $246 (+29%)
Lemonade appoints Adina Eckstein COO; Shai Wininger becomes Co-CEO alongside Daniel Schreiber
Adina Eckstein, previously VP of Operations, promoted to COO effective July 21, 2021.
Compensation of Mr. Bixby as Class III member of the Board effective January 1, 2027 On October 12, 2026, the Company and Mr. Bixby entered into a transition letter agreement (the "Transition Agreement"). Pursuant to the Transition Agreement, Mr. Bixby will continue to serve as the CFO through January 1, 2027.
Compensation of Mr. Stead as CFO effective January 1, 2027 On October 12, 2026, the Company and Mr. Stead entered into an employment agreement (the "Employment Agreement") in connection with his appointment as CFO.
the Board of Directors of Lemonade, Inc. (the "Company") duly appointed Shai Wininger as the Company's President and Daniel Schreiber as the Company's Chief Executive Officer, effective January 1, 2024 (the "Effective Date").
the Board of Directors of Lemonade, Inc. (the "Company") duly appointed Shai Wininger as the Company's President and Daniel Schreiber as the Company's Chief Executive Officer, effective January 1, 2024 (the "Effective Date").
On November 17, 2023, Irina Novoselsky and Silvija Martincevic each tendered their resignation as a director of Lemonade, Inc. (the “Company”), effective on November 21, 2023.
On November 17, 2023, Irina Novoselsky and Silvija Martincevic each tendered their resignation as a director of Lemonade, Inc. (the “Company”), effective on November 21, 2023.
On November 21, 2023, the Board, upon the recommendation of its Nominating and Corporate Governance Committee, appointed each of Debra Schwartz and Samer Haj-Yehia to the Board to fill Ms. Martincevic’s and Ms. Novoselsky’s newly vacant seats, respectively, effective immediately.
On November 21, 2023, the Board, upon the recommendation of its Nominating and Corporate Governance Committee, appointed each of Debra Schwartz and Samer Haj-Yehia to the Board to fill Ms. Martincevic’s and Ms. Novoselsky’s newly vacant seats, respectively, effective immediately.
On February 24, 2023, Jorge Espinel, a named executive officer of Lemonade, Inc. (the “Company”), resigned from his position as Chief Business Development Officer effective as of March 1, 2023 (the “Effective Date”).
On June 13, 2022, in order to achieve an equal balance of membership among the classes of directors, the Board of Directors of Lemonade, Inc. (the "Company") determined to move Mwashuma Nyatta from Class II with a term expiring at the 2025 Annual Meeting of Stockholders to Class I with a term expiring at the 2024 Annual Meeting of Stockholders.
On April 14, 2022, Caryn Seidman-Becker tendered her resignation as a director of Lemonade, Inc., effective upon the conclusion of the Annual Meeting of Stockholders on June 8, 2022.
On July 21, 2021, Lemonade, Inc. (the “Company”) appointed Adina Eckstein, the Company’s Vice President of Operations, as Chief Operating Officer, effective immediately.
Max materiality 0.90 · Median 0.70 · Most common event earnings