UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 or FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ Commission File Number: 001-39367 Lemonade, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware ...

Lemonade, Inc. (NYSE: LMND ) is an innovative digital-only insurer. The stock is incredibly volatile. This is an insurance company offering a wide range of products, like renters and car insurance, among other options. They use bots and machine learning, aimingPay yourself dividends with outsized returnsSignificantly grow your wealth by embracing a blended trading and investing approach at our one-stop shop. Come trade with us! Money back guarantee.Our prices go up in November, but right now we have a big s ...

Lemonade, Inc. (NYSE:LMND) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Yael Wissner-Levy - Vice President of Communications Daniel Schreiber - Co-Founder & Chief Executive Officer Shai Wininger - President & Co-Founder Tim Bixby - Chief Financial Officer Conference Call Participants Jack Matten - BMO Jason Helfstein - Oppenheimer Tommy McJoynt - KBW Andrew Stein - FT Partners Charlie Rodgers - Jefferies Matt Smith - Halter Ferguson Financial Operator Hello and welcome e ...

For the quarter ended September 2024, Lemonade (LMND) reported revenue of $136.6 million, up 19.3% over the same period last year. EPS came in at -$0.95, compared to -$0.88 in the year-ago quarter. The reported revenue represents a surprise of +7.54% over the Zacks Consensus Estimate of $127.02 million. With the consensus EPS estimate being -$1.02, the EPS surprise was +6.86%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

Lemonade (LMND) came out with a quarterly loss of $0.95 per share versus the Zacks Consensus Estimate of a loss of $1.02. This compares to loss of $0.88 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.86%. A quarter ago, it was expected that this company would post a loss of $0.85 per share when it actually produced a loss of $0.81, delivering a surprise of 4.71%. Over the last four quarters, the company has surpassed conse ...

Revenue and Premium Growth - In Force Premium (IFP) increased by 24% YoY to $889 million[1][21] - Total customers grew by 17% YoY to 2,313,113[1][22] - Premium per customer rose 6% YoY to $384[1][23] - Gross earned premium increased by 23% YoY to $213.1 million[25] - In Force Premium (IFP) for Q4 2024 is $940 million, with a range of $940 million to $944 million[41] - Gross Earned Premium (GEP) for Q4 2024 is $222 million, with a range of $222 million to $225 million[41] - Revenue for Q4 2024 is $144 million, with a range of $144 million to $146 million[41] - Total revenue for the nine months ended September 30, 2024, was $377.7 million, compared to $314.3 million in the same period in 2023, representing a 20.2% increase[76] - Total revenue for Q3 2024 increased to $136.6 million, up from $114.5 million in Q3 2023, representing a 19.3% growth[83] - Gross written premium for Q3 2024 increased to $268.9 million, up from $212.8 million in Q3 2023, a 26.4% growth[90] - Net written premium for Q3 2024 rose to $115.5 million, compared to $94.8 million in Q3 2023, reflecting a 21.8% increase[90] - Gross earned premium for Q3 2024 increased to $213.1 million, up from $173.2 million in Q3 2023, a 23% growth[90] - Net earned premium for Q3 2024 rose to $95.7 million, compared to $86.6 million in Q3 2023, reflecting a 10.5% increase[90] - Customers increased from 1,775,824 in Q3 2022 to 2,313,113 in Q3 2024, a growth of 30%[92][94] - In force premium grew from $609.2 million in Q3 2022 to $889.1 million in Q3 2024, a 46% increase[92][95] - Premium per customer rose from $343 in Q3 2022 to $384 in Q3 2024, up 12%[92][95] - Total revenue increased from $74.0 million in Q3 2022 to $136.6 million in Q3 2024, an 85% growth[92][96] - Gross earned premium grew from $136.4 million in Q3 2022 to $213.1 million in Q3 2024, up 56%[92][96] Profitability and Margins - Gross loss ratio improved by 10 points YoY to 73%[1][13] - Gross profit increased by 71% YoY to $37.5 million[28] - Adjusted EBITDA loss widened by 22% YoY to ($49) million[4][32] - Adjusted EBITDA Loss for Q4 2024 is ($29) million, with a range of ($29) million to ($25) million[41] - Gross profit margin for Q3 2024 improved to 27%, up from 19% in Q3 2023[83] - Ratio of Adjusted Gross Profit to Gross Earned Premium for Q3 2024 increased to 18%, up from 14% in Q3 2023[85] - Gross profit margin improved from 11% in Q3 2022 to 27% in Q3 2024[92][99] - Adjusted gross profit margin increased from 18% in Q3 2022 to 28% in Q3 2024[92][101] - Gross loss ratio improved from 94% in Q3 2022 to 73% in Q3 2024[92][110] - Net loss decreased from $91.4 million in Q3 2022 to $67.7 million in Q3 2024[92][105] - Adjusted EBITDA improved from $(65.7) million in Q3 2022 to $(49.0) million in Q3 2024[92][106] Expenses and Costs - Operating expenses increased by 27% YoY to $124.5 million, driven by higher growth spend[30] - Stock-based compensation expense for Q4 2024 is $16 million, totaling $64 million for the full year 2024[41] - Capital expenditures for Q4 2024 are $3 million, totaling $10 million for the full year 2024[41] - Sales and marketing expenses for the nine months ended September 30, 2024, were $118.6 million, a 53.2% increase from $77.4 million in the same period in 2023[76] - Technology development expenses for the nine months ended September 30, 2024, were $64.0 million, a 5.5% decrease from $67.7 million in the same period in 2023[76] Cash Flow and Financial Position - Net cash flow (NCF) was $48 million, compared to $3 million in Q3 2023[2][36] - Net cash used in operating activities for the nine months ended September 30, 2024, was $25.2 million, a significant improvement from $103.0 million in the same period in 2023[81] - Cash, cash equivalents, and restricted cash at the end of the period were $337.8 million, up 41.8% from $238.1 million at the end of the same period in 2023[81] - Total assets as of September 30, 2024, were $1,823.0 million, compared to $1,633.3 million as of December 31, 2023, reflecting an 11.6% increase[78] Definitions and Metrics - The company defines Adjusted EBITDA as net loss excluding income tax expense, depreciation, stock-based compensation, and other non-cash adjustments[44] - The company defines Adjusted Gross Profit as gross profit excluding net investment income and other income, plus fixed costs and overhead associated with underwriting operations[45] - The company defines Ratio of Adjusted Gross Profit to Gross Earned Premium as the ratio of adjusted gross profit to gross earned premium, providing insight into underlying profitability trends[46] - Gross loss ratio is defined as the ratio of losses and loss adjustment expense to gross earned premium, expressed as a percentage[112] - Gross loss ratio ex-CAT excludes catastrophe losses and is calculated as the ratio of gross losses and loss adjustment expense to gross earned premium, expressed as a percentage[112] - Trailing twelve month (TTM) gross loss ratio is the ratio of losses and loss adjustment expense to gross earned premium over the past twelve months, expressed as a percentage[112] - Net loss ratio is the ratio of losses and loss adjustment expense, less amounts ceded to reinsurers, to net earned premium, expressed as a percentage[112] - Attritional gross loss ratio excludes catastrophe losses and is the ratio of losses to gross earned premium, expressed as a percentage[112] - Prior period development (PPD) is the change in ultimate loss and loss adjustment expense for claims that occurred in prior quarters[112] - Homeowners multi-peril includes all coverages offered under home, condo, and renters policies[112] - In force premium (IFP) is the aggregate annualized premium for customers as of the period end date, calculated as the sum of in force written premium and in force placed premium[112] - Premium per customer is the average annualized premium customers pay for products underwritten or placed by the company, calculated by dividing IFP by the number of customers[112] Financial Results and Outlook - The company will discuss its Q3 2024 financial results and business outlook during a teleconference on October 31, 2024[64] - Net loss for the nine months ended September 30, 2024, was $172.2 million, compared to $194.5 million in the same period in 2023, showing a 11.5% improvement[76] - Net earned premium for the nine months ended September 30, 2024, was $269.4 million, up 16.5% from $231.3 million in the same period in 2023[76] - Net investment income for the nine months ended September 30, 2024, was $24.6 million, a 39.8% increase from $17.6 million in the same period in 2023[76] - Weighted average common shares outstanding for the nine months ended September 30, 2024, were 70,716,140, a 1.7% increase from 69,542,342 in the same period in 2023[76] - Adjusted gross profit for Q3 2024 rose to $38.6 million, compared to $24.9 million in Q3 2023, reflecting a 55% increase[83] - Net loss for Q3 2024 was $67.7 million, compared to $61.5 million in Q3 2023[86] - Adjusted EBITDA for Q3 2024 was $(49.0) million, compared to $(40.2) million in Q3 2023[86]

Lemonade stock could make a big move this week.Lemonade (LMND -1.50%) has disappointed investors in a big way over its four years of being a public company. It's down 73% since its first-day closing price, failing to meet expectations for profitability. However, if you'd bought at the right time, you would already have benefited from owning it -- it's up 67% over the past year.There are all sorts of factors that impact how the stock moves in the short term, and one of the major ones is earnings. Lemonade is ...

Analysts on Wall Street project that Lemonade (LMND) will announce quarterly loss of $1.02 per share in its forthcoming report, representing a decline of 15.9% year over year. Revenues are projected to reach $127.02 million, increasing 10.9% from the same quarter last year. Over the last 30 days, there has been a downward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts ov ...

Dublin, Oct. 23, 2024 (GLOBE NEWSWIRE) -- The "Embedded Insurance - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024-2029)" report has been added to ResearchAndMarkets.com's offering. The Embedded Insurance Market, in terms of gross written premiums value, is expected to grow from USD 156.06 billion in 2024 to USD 703.44 billion by 2029, at a CAGR of 35.14% during the forecast period (2024- 2029). Embedded Insurance Market Trends Increasing Life Insurance Premiums is Fuelling the ...

Lemonade (LMND) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers are better than ...