10-Q Filing

LEMONADE, INC. CIK: 1691421 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001691421-20-000008`
Period End Date	20200930
Filing Date	20201112
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	lmda-20200930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 98 Income Statement 76 Cash Flow Statement 78 Stockholders Equity 95

Balance Sheet 98 line items

Line Item	Tag	Value	Unit	Period
Amortized cost, available-for-sale securities	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$5.80M	USD	Point-in-time
Amortized cost, available-for-sale securities	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$6.50M	USD	Point-in-time
Premium receivable, allowance for doubtful accounts	`PremiumsReceivableAllowanceForDoubtfulAccounts`	$200.00K	USD	Point-in-time
Premium receivable, allowance for doubtful accounts	`PremiumsReceivableAllowanceForDoubtfulAccounts`	$400.00K	USD	Point-in-time
Convertible preferred stock, par value (usd per share)	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Fixed maturities available-for-sale, at fair value (amortized cost: $6.5 million and $5.8 million as of September 30, 2020 and December 31, 2019)	`AvailableForSaleSecuritiesDebtSecurities`	$6.70M	USD	Point-in-time
Convertible preferred stock, par value (usd per share)	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Fixed maturities available-for-sale, at fair value (amortized cost: $6.5 million and $5.8 million as of September 30, 2020 and December 31, 2019)	`AvailableForSaleSecuritiesDebtSecurities`	$5.90M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$54.70M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$15.00M	USD	Point-in-time
Convertible preferred stock, authorized (shares)	`TemporaryEquitySharesAuthorized`	0.00	shares	Point-in-time
Convertible preferred stock, authorized (shares)	`TemporaryEquitySharesAuthorized`	31.56M	shares	Point-in-time
Total investments	`Investments`	$21.70M	USD	Point-in-time
Total investments	`Investments`	$60.60M	USD	Point-in-time
Convertible preferred stock, issued (shares)	`TemporaryEquitySharesIssued`	31.56M	shares	Point-in-time
Convertible preferred stock, issued (shares)	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Convertible preferred stock, outstanding (shares)	`TemporaryEquitySharesOutstanding`	24.45M	shares	Point-in-time
Convertible preferred stock, outstanding (shares)	`TemporaryEquitySharesOutstanding`	24.45M	shares	Point-in-time
Convertible preferred stock, outstanding (shares)	`TemporaryEquitySharesOutstanding`	31.56M	shares	Point-in-time
Convertible preferred stock, outstanding (shares)	`TemporaryEquitySharesOutstanding`	31.56M	shares	Point-in-time
Convertible preferred stock, outstanding (shares)	`TemporaryEquitySharesOutstanding`	31.56M	shares	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$102.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$575.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$303.20M	USD	Point-in-time
Convertible preferred stock, outstanding (shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Convertible preferred stock, outstanding (shares)	`TemporaryEquitySharesOutstanding`	31.56M	shares	Point-in-time
Convertible preferred stock, outstanding (shares)	`TemporaryEquitySharesOutstanding`	28,595.47B	shares	Point-in-time
Convertible preferred stock, liquidation preference	`TemporaryEquityLiquidationPreference`	-	USD	Point-in-time
Premium receivable, net of allowance for doubtful accounts of $0.4 million and $0.2 million as of September 30, 2020 and December 31, 2019	`PremiumsReceivableAtCarryingValue`	$54.10M	USD	Point-in-time
Convertible preferred stock, liquidation preference	`TemporaryEquityLiquidationPreference`	$480.80M	USD	Point-in-time
Premium receivable, net of allowance for doubtful accounts of $0.4 million and $0.2 million as of September 30, 2020 and December 31, 2019	`PremiumsReceivableAtCarryingValue`	$82.80M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesOnPaidAndUnpaidLosses`	$20.30M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesOnPaidAndUnpaidLosses`	$42.20M	USD	Point-in-time
Prepaid reinsurance premium	`PrepaidReinsurancePremiums`	$86.20M	USD	Point-in-time
Common stock, authorized (shares)	`CommonStockSharesAuthorized`	52.00M	shares	Point-in-time
Common stock, authorized (shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, authorized (shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid reinsurance premium	`PrepaidReinsurancePremiums`	$1.00M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$3.30M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$1.80M	USD	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	56.58M	shares	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	11.78M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.10M	USD	Point-in-time
Common stock, outstanding (shares)	`CommonStockSharesOutstanding`	56.58M	shares	Point-in-time
Common stock, outstanding (shares)	`CommonStockSharesOutstanding`	11.27M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.10M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetIncludingGoodwill`	$600.00K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetIncludingGoodwill`	$600.00K	USD	Point-in-time
Other assets	`OtherAssets`	$13.90M	USD	Point-in-time
Other assets	`OtherAssets`	$2.50M	USD	Point-in-time
Total assets	`Assets`	$414.30M	USD	Point-in-time
Total assets	`Assets`	$831.50M	USD	Point-in-time
Unpaid losses and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$13.10M	USD	Point-in-time
Unpaid losses and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$39.70M	USD	Point-in-time
Unpaid losses and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$24.60M	USD	Point-in-time
Unpaid losses and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$28.20M	USD	Point-in-time
Unearned premium	`UnearnedPremiums`	$115.30M	USD	Point-in-time
Unearned premium	`UnearnedPremiums`	$68.00M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrentAndNoncurrent`	$700.00K	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrentAndNoncurrent`	$1.00M	USD	Point-in-time
Funds held for reinsurance treaties	`FundsHeldUnderReinsuranceAgreementsLiability`	-	USD	Point-in-time
Funds held for reinsurance treaties	`FundsHeldUnderReinsuranceAgreementsLiability`	$52.40M	USD	Point-in-time
Other liabilities and accrued expense	`AccruedLiabilitiesAndOtherLiabilities`	$54.10M	USD	Point-in-time
Other liabilities and accrued expense	`AccruedLiabilitiesAndOtherLiabilities`	$19.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$116.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$262.50M	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Convertible preferred stock (Series Seed, A, B, C and D), $0.00001 par value; no shares issued, authorized and outstanding as of September 30, 2020; 31,557,107 shares authorized, issued and outstanding as of December 31, 2019, respectively; aggregate liquidation preference of $0 and $480.8 million as of September 30, 2020 and December 31, 2019, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Convertible preferred stock (Series Seed, A, B, C and D), $0.00001 par value; no shares issued, authorized and outstanding as of September 30, 2020; 31,557,107 shares authorized, issued and outstanding as of December 31, 2019, respectively; aggregate liquidation preference of $0 and $480.8 million as of September 30, 2020 and December 31, 2019, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$180.80M	USD	Point-in-time
Convertible preferred stock (Series Seed, A, B, C and D), $0.00001 par value; no shares issued, authorized and outstanding as of September 30, 2020; 31,557,107 shares authorized, issued and outstanding as of December 31, 2019, respectively; aggregate liquidation preference of $0 and $480.8 million as of September 30, 2020 and December 31, 2019, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Convertible preferred stock (Series Seed, A, B, C and D), $0.00001 par value; no shares issued, authorized and outstanding as of September 30, 2020; 31,557,107 shares authorized, issued and outstanding as of December 31, 2019, respectively; aggregate liquidation preference of $0 and $480.8 million as of September 30, 2020 and December 31, 2019, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$355.20M	USD	Point-in-time
Convertible preferred stock (Series Seed, A, B, C and D), $0.00001 par value; no shares issued, authorized and outstanding as of September 30, 2020; 31,557,107 shares authorized, issued and outstanding as of December 31, 2019, respectively; aggregate liquidation preference of $0 and $480.8 million as of September 30, 2020 and December 31, 2019, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Convertible preferred stock (Series Seed, A, B, C and D), $0.00001 par value; no shares issued, authorized and outstanding as of September 30, 2020; 31,557,107 shares authorized, issued and outstanding as of December 31, 2019, respectively; aggregate liquidation preference of $0 and $480.8 million as of September 30, 2020 and December 31, 2019, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Convertible preferred stock (Series Seed, A, B, C and D), $0.00001 par value; no shares issued, authorized and outstanding as of September 30, 2020; 31,557,107 shares authorized, issued and outstanding as of December 31, 2019, respectively; aggregate liquidation preference of $0 and $480.8 million as of September 30, 2020 and December 31, 2019, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$180.80M	USD	Point-in-time
Convertible preferred stock (Series Seed, A, B, C and D), $0.00001 par value; no shares issued, authorized and outstanding as of September 30, 2020; 31,557,107 shares authorized, issued and outstanding as of December 31, 2019, respectively; aggregate liquidation preference of $0 and $480.8 million as of September 30, 2020 and December 31, 2019, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Common stock, $0.00001 par value, 200,000,000 shares and 52,000,000 shares authorized as of September 30, 2020 and December 31, 2019, respectively; 56,584,029 shares and 11,784,765 shares issued and 56,584,029 shares and 11,271,228 shares outstanding as of September 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.00001 par value, 200,000,000 shares and 52,000,000 shares authorized as of September 30, 2020 and December 31, 2019, respectively; 56,584,029 shares and 11,784,765 shares issued and 56,584,029 shares and 11,271,228 shares outstanding as of September 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$855.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-286.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-198.30M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$700.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$100.00K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-79.10M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-182.50M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-152.20M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-204.60M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$569.00M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-221.60M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-100.30M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-122.70M	USD	Point-in-time
Total liabilities, convertible preferred stock and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$414.30M	USD	Point-in-time
Total liabilities, convertible preferred stock and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$831.50M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net earned premium	`PremiumsEarnedNet`	$41.60M	USD	3 Qtrs
Net earned premium	`PremiumsEarnedNet`	$10.50M	USD	1 Quarter
Net earned premium	`PremiumsEarnedNet`	$65.00M	USD	3 Qtrs
Net earned premium	`PremiumsEarnedNet`	$17.80M	USD	1 Quarter
Ceding commission income	`CededCommissionIncome`	-	USD	3 Qtrs
Ceding commission income	`CededCommissionIncome`	-	USD	1 Quarter
Ceding commission income	`CededCommissionIncome`	$7.40M	USD	3 Qtrs
Ceding commission income	`CededCommissionIncome`	$7.00M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$2.10M	USD	3 Qtrs
Net investment income	`NetInvestmentIncome`	$200.00K	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$1.10M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$1.30M	USD	3 Qtrs
Commission and other income	`InsuranceCommissionsAndFees`	$200.00K	USD	3 Qtrs
Commission and other income	`InsuranceCommissionsAndFees`	$100.00K	USD	3 Qtrs
Commission and other income	`InsuranceCommissionsAndFees`	$100.00K	USD	1 Quarter
Commission and other income	`InsuranceCommissionsAndFees`	$100.00K	USD	1 Quarter
Total revenue	`Revenues`	$73.90M	USD	3 Qtrs
Total revenue	`Revenues`	$19.00M	USD	1 Quarter
Total revenue	`Revenues`	$17.80M	USD	1 Quarter
Total revenue	`Revenues`	$43.80M	USD	3 Qtrs
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$45.40M	USD	3 Qtrs
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$6.70M	USD	1 Quarter
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$30.40M	USD	3 Qtrs
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$12.60M	USD	1 Quarter
Other insurance expense	`OtherInsuranceExpense`	$2.30M	USD	1 Quarter
Other insurance expense	`OtherInsuranceExpense`	$3.50M	USD	1 Quarter
Other insurance expense	`OtherInsuranceExpense`	$10.80M	USD	3 Qtrs
Other insurance expense	`OtherInsuranceExpense`	$6.40M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$27.50M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$64.90M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$57.50M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$22.20M	USD	1 Quarter
Technology development	`ResearchAndDevelopmentExpense`	$13.00M	USD	3 Qtrs
Technology development	`ResearchAndDevelopmentExpense`	$5.30M	USD	1 Quarter
Technology development	`ResearchAndDevelopmentExpense`	$6.40M	USD	3 Qtrs
Technology development	`ResearchAndDevelopmentExpense`	$2.80M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.80M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.20M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$34.60M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$10.60M	USD	1 Quarter
Total expense	`BenefitsLossesAndExpenses`	$119.30M	USD	3 Qtrs
Total expense	`BenefitsLossesAndExpenses`	$161.30M	USD	3 Qtrs
Total expense	`BenefitsLossesAndExpenses`	$48.30M	USD	1 Quarter
Total expense	`BenefitsLossesAndExpenses`	$50.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-31.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-87.40M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-30.50M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-75.50M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$100.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$300.00K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$400.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.00M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-21.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-31.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-88.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-75.80M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-23.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-36.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-30.90M	USD	1 Quarter
Unrealized gain (loss) on investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$600.00K	USD	3 Qtrs
Unrealized gain (loss) on investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-100.00K	USD	3 Qtrs
Unrealized gain (loss) on investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$400.00K	USD	1 Quarter
Unrealized gain (loss) on investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-100.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-31.20M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-75.90M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-30.50M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-87.80M	USD	3 Qtrs
Net loss per share attributable to common stockholdersbasic and diluted (usd per share)	`EarningsPerShareBasicAndDiluted`	$-6.84	USD	3 Qtrs
Net loss per share attributable to common stockholdersbasic and diluted (usd per share)	`EarningsPerShareBasicAndDiluted`	$-3.41	USD	3 Qtrs
Net loss per share attributable to common stockholdersbasic and diluted (usd per share)	`EarningsPerShareBasicAndDiluted`	$-0.57	USD	1 Quarter
Net loss per share attributable to common stockholdersbasic and diluted (usd per share)	`EarningsPerShareBasicAndDiluted`	$-2.78	USD	1 Quarter
Weighted average common shares outstandingbasic and diluted (shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.08M	shares	3 Qtrs
Weighted average common shares outstandingbasic and diluted (shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	54.00M	shares	1 Quarter
Weighted average common shares outstandingbasic and diluted (shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.94M	shares	3 Qtrs
Weighted average common shares outstandingbasic and diluted (shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.18M	shares	1 Quarter

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-21.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-31.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-88.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-75.80M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-23.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-36.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-30.90M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$300.00K	USD	3 Qtrs
Depreciation	`DepreciationNonproduction`	$1.10M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.30M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$7.30M	USD	3 Qtrs
Amortization of discount on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	-	USD	3 Qtrs
Amortization of discount on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$400.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$1.40M	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	3 Qtrs
Noncash interest	`OtherNoncashIncomeExpense`	-	USD	3 Qtrs
Noncash interest	`OtherNoncashIncomeExpense`	$300.00K	USD	3 Qtrs
Common share contribution to the Lemonade Foundation	`NoncashContributionExpense`	-	USD	3 Qtrs
Common share contribution to the Lemonade Foundation	`NoncashContributionExpense`	$12.20M	USD	3 Qtrs
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$30.10M	USD	3 Qtrs
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$26.10M	USD	3 Qtrs
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$21.90M	USD	3 Qtrs
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$9.20M	USD	3 Qtrs
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$85.20M	USD	3 Qtrs
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$3.20M	USD	3 Qtrs
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$1.10M	USD	3 Qtrs
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$1.50M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.10M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$11.40M	USD	3 Qtrs
Unpaid loss and loss adjustment expense	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$11.50M	USD	3 Qtrs
Unpaid loss and loss adjustment expense	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$11.50M	USD	3 Qtrs
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-33.30M	USD	3 Qtrs
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-47.30M	USD	3 Qtrs
Trade payables	`IncreaseDecreaseInAccountsPayable`	$300.00K	USD	3 Qtrs
Trade payables	`IncreaseDecreaseInAccountsPayable`	$-800.00K	USD	3 Qtrs
Funds held for reinsurance treaties	`IncreaseDecreaseInReinsurancePayables`	$52.40M	USD	3 Qtrs
Funds held for reinsurance treaties	`IncreaseDecreaseInReinsurancePayables`	-	USD	3 Qtrs
Other liabilities and accrued expense	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$34.40M	USD	3 Qtrs
Other liabilities and accrued expense	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$12.80M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-60.40M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-71.00M	USD	3 Qtrs
Proceeds from short-term investments sold or matured	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$21.00M	USD	3 Qtrs
Proceeds from short-term investments sold or matured	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$55.00M	USD	3 Qtrs
Proceeds from bonds sold or matured	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$2.20M	USD	3 Qtrs
Proceeds from bonds sold or matured	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$1.00M	USD	3 Qtrs
Cost of short-term investments acquired	`PaymentsToAcquireMarketableSecurities`	$14.90M	USD	3 Qtrs
Cost of short-term investments acquired	`PaymentsToAcquireMarketableSecurities`	$54.40M	USD	3 Qtrs
Cost of bonds acquired	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$2.90M	USD	3 Qtrs
Cost of bonds acquired	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$3.30M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.10M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.00M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.70M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$36.30M	USD	3 Qtrs
Proceeds from initial public offering, net of underwriting discounts and commissions and offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$338.00M	USD	3 Qtrs
Proceeds from initial public offering, net of underwriting discounts and commissions and offering costs	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	3 Qtrs
Proceeds from release of shares upon repayment	`ProceedsFromRepaymentOfLoansToPurchaseCommonStock`	-	USD	3 Qtrs
Proceeds from release of shares upon repayment	`ProceedsFromRepaymentOfLoansToPurchaseCommonStock`	$1.30M	USD	3 Qtrs
Issuance of preferred stock, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
Issuance of preferred stock, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$299.40M	USD	3 Qtrs
Proceeds from stock exercises	`ProceedsFromStockOptionsExercised`	$500.00K	USD	3 Qtrs
Proceeds from stock exercises	`ProceedsFromStockOptionsExercised`	$300.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$339.60M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$299.90M	USD	3 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$500.00K	USD	3 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	3 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$305.40M	USD	3 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$200.80M	USD	3 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$102.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$575.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$303.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$102.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$575.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$303.20M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$1.10M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs

Stockholders Equity 95 line items

Line Item	Tag	Value	Unit	Period
Issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	-	USD	1 Quarter
Issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	-	USD	1 Quarter
Issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$28.90M	USD	1 Quarter
Issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$600.00K	USD	1 Quarter
Issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$28.90M	USD	Point-in-time
Beginning balance (shares)	`TemporaryEquitySharesOutstanding`	24.45M	shares	Point-in-time
Beginning balance (shares)	`TemporaryEquitySharesOutstanding`	24.45M	shares	Point-in-time
Beginning balance (shares)	`TemporaryEquitySharesOutstanding`	31.56M	shares	Point-in-time
Beginning balance (shares)	`TemporaryEquitySharesOutstanding`	31.56M	shares	Point-in-time
Beginning balance (shares)	`TemporaryEquitySharesOutstanding`	31.56M	shares	Point-in-time
Beginning balance (shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Beginning balance (shares)	`TemporaryEquitySharesOutstanding`	31.56M	shares	Point-in-time
Beginning balance (shares)	`TemporaryEquitySharesOutstanding`	28,595.47B	shares	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$180.80M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$355.20M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$180.80M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Conversion of Convertible Preferred Stock to common stock upon closing of initial public offering (shares)	`TemporaryEquityConversionToPermanentEquityShares`	31.56M	shares	3 Qtrs
Conversion of Convertible Preferred Stock to common stock upon closing of initial public offering (shares)	`TemporaryEquityConversionToPermanentEquityShares`	31.56M	shares	1 Quarter
Conversion of Convertible Preferred Stock to common stock upon closing of initial public offering	`TemporaryEquityConversionToPermanentEquityValue`	$480.20M	USD	1 Quarter
Issuance of preferred stock (shares)	`TemporaryEquityStockIssuedDuringPeriodSharesNewIssues`	3,622.00	shares	1 Quarter
Issuance of preferred stock (shares)	`TemporaryEquityStockIssuedDuringPeriodSharesNewIssues`	4.15M	shares	1 Quarter
Issuance of preferred stock (shares)	`TemporaryEquityStockIssuedDuringPeriodSharesNewIssues`	2.96M	shares	1 Quarter
Issuance of preferred stock, net of issuance costs	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$174.40M	USD	1 Quarter
Issuance of preferred stock, net of issuance costs	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$125.00M	USD	1 Quarter
Ending balance (shares)	`TemporaryEquitySharesOutstanding`	24.45M	shares	Point-in-time
Ending balance (shares)	`TemporaryEquitySharesOutstanding`	24.45M	shares	Point-in-time
Ending balance (shares)	`TemporaryEquitySharesOutstanding`	31.56M	shares	Point-in-time
Ending balance (shares)	`TemporaryEquitySharesOutstanding`	31.56M	shares	Point-in-time
Ending balance (shares)	`TemporaryEquitySharesOutstanding`	31.56M	shares	Point-in-time
Ending balance (shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Ending balance (shares)	`TemporaryEquitySharesOutstanding`	31.56M	shares	Point-in-time
Ending balance (shares)	`TemporaryEquitySharesOutstanding`	28,595.47B	shares	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$180.80M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$355.20M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$180.80M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Beginning balance (shares)	`CommonStockSharesOutstanding`	56.58M	shares	Point-in-time
Beginning balance (shares)	`CommonStockSharesOutstanding`	11.27M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$-79.10M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-182.50M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-152.20M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-204.60M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$569.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-221.60M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-100.30M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-122.70M	USD	Point-in-time
Conversion of Convertible Preferred Stock to common stock upon closing of initial public offering	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$480.20M	USD	1 Quarter
Issuance of common stock upon closing of initial public offering, net of issuance costs and underwriting fees of $28.9 million	`StockIssuedDuringPeriodValueNewIssues`	$338.00M	USD	1 Quarter
Exercise of stock options (shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	92,157.00	shares	3 Qtrs
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$100.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$100.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$300.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$200.00K	USD	1 Quarter
Release of shares upon repayment of partial recourse loan	`StockIssuedDuringPeriodValueRepaymentOfPartialRecourseLoan`	$100.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.70M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.20M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.40M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$400.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.50M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$400.00K	USD	1 Quarter
Contribution to the Lemonade Foundation	`StockIssuedDuringPeriodValueIssuedForCharitableContribution`	$12.20M	USD	1 Quarter
Release of shares upon repayment	`StockIssuedDuringPeriodValueExerciseOfStockOptionUponRepayment`	$1.30M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-31.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-88.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-75.80M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-23.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-36.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-30.90M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$400.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$200.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-100.00K	USD	1 Quarter
Ending balance (shares)	`CommonStockSharesOutstanding`	56.58M	shares	Point-in-time
Ending balance (shares)	`CommonStockSharesOutstanding`	11.27M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$-79.10M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-182.50M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-152.20M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-204.60M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$569.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-221.60M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-100.30M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-122.70M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.