Lemonade(LMND) - 2025 Q4 - Annual Results

Lemonade Shareholder Letter Q4 2025 $1,237M131% IN FORCE PREMIUM (IFP) $414-7% PREMIUM PER CUSTOMER 2,984,513123% TOTAL CUSTOMERS IN FORCE PREMIUM ($s in m) KEY METRICS ($s in m) GEP ADJUSTED EBITDA NET LOSS $290 $1,237 $226 $181 $944 $747 ($5) ($24) ($30) ($22) ($29) ($42) Q4 23 Q4 25 Q4 23 Q4 24 Q4 25 Q4 24 NET LOSS / (23%) (7%) (13%) GEP ADJUSTED FREE CASH FLOW ($s in m) ADJUSTED FREE CASH FLOW CASH FLOW FROM OPERATING ACTIVITIES $37 $27 $21 $14 ($11) ($16) Q4 23 Q4 24 Q4 25 1 $111 $64 Dear Shareholders, ...