10-Q Filing

LEMONADE, INC. CIK: 1691421 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001691421-21-000061`
Period End Date	20210331
Filing Date	20210512
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	lmnd-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 42 Cash Flow Statement 70 Stockholders Equity 39

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Amortized cost, available-for-sale securities	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$6.40M	USD	Point-in-time
Amortized cost, available-for-sale securities	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$6.40M	USD	Point-in-time
Premium receivable, allowance for doubtful accounts	`PremiumsReceivableAllowanceForDoubtfulAccounts`	$500.00K	USD	Point-in-time
Premium receivable, allowance for doubtful accounts	`PremiumsReceivableAllowanceForDoubtfulAccounts`	$500.00K	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Fixed maturities available-for-sale, at fair value (amortized cost: $6.4 million and $6.4 million as of March 31, 2021 and December 31, 2020)	`AvailableForSaleSecuritiesDebtSecurities`	$6.60M	USD	Point-in-time
Fixed maturities available-for-sale, at fair value (amortized cost: $6.4 million and $6.4 million as of March 31, 2021 and December 31, 2020)	`AvailableForSaleSecuritiesDebtSecurities`	$6.50M	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
Total investments	`Investments`	$6.60M	USD	Point-in-time
Total investments	`Investments`	$6.50M	USD	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
Common stock, authorized (shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$274.20M	USD	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	56.77M	shares	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.17B	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$571.40M	USD	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	61.37M	shares	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.30M	USD	Point-in-time
Common stock, outstanding (shares)	`CommonStockSharesOutstanding`	61.37M	shares	Point-in-time
Premium receivable, net of allowance for doubtful accounts of $0.5 million and $0.5 million as of March 31, 2021 and December 31, 2020	`PremiumsReceivableAtCarryingValue`	$86.10M	USD	Point-in-time
Common stock, outstanding (shares)	`CommonStockSharesOutstanding`	56.77M	shares	Point-in-time
Premium receivable, net of allowance for doubtful accounts of $0.5 million and $0.5 million as of March 31, 2021 and December 31, 2020	`PremiumsReceivableAtCarryingValue`	$98.50M	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesOnPaidAndUnpaidLosses`	$49.00M	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesOnPaidAndUnpaidLosses`	$65.80M	USD	Point-in-time
Prepaid reinsurance premium	`PrepaidReinsurancePremiums`	$91.30M	USD	Point-in-time
Prepaid reinsurance premium	`PrepaidReinsurancePremiums`	$104.40M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$4.10M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$3.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.90M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.70M	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`	$14.50M	USD	Point-in-time
Other assets	`OtherAssets`	$16.00M	USD	Point-in-time
Total assets	`Assets`	$1.48B	USD	Point-in-time
Total assets	`Assets`	$828.70M	USD	Point-in-time
Unpaid loss and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$46.30M	USD	Point-in-time
Unpaid loss and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$31.80M	USD	Point-in-time
Unpaid loss and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$28.20M	USD	Point-in-time
Unpaid loss and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$62.20M	USD	Point-in-time
Unearned premium	`UnearnedPremiums`	$123.80M	USD	Point-in-time
Unearned premium	`UnearnedPremiums`	$143.50M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrentAndNoncurrent`	$1.00M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrentAndNoncurrent`	$1.40M	USD	Point-in-time
Funds held for reinsurance treaties	`FundsHeldUnderReinsuranceAgreementsLiability`	$62.10M	USD	Point-in-time
Funds held for reinsurance treaties	`FundsHeldUnderReinsuranceAgreementsLiability`	$66.00M	USD	Point-in-time
Deferred ceding commission	`DeferredCedingCommission`	$22.40M	USD	Point-in-time
Deferred ceding commission	`DeferredCedingCommission`	$26.00M	USD	Point-in-time
Ceded premium payable	`CededPremiumsPayable`	$13.00M	USD	Point-in-time
Ceded premium payable	`CededPremiumsPayable`	$15.30M	USD	Point-in-time
Other liabilities and accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$19.80M	USD	Point-in-time
Other liabilities and accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$18.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$333.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$287.70M	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.00001 par value, 200,000,000 shares authorized; 61,370,103 and 56,774,294 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.00001 par value, 200,000,000 shares authorized; 61,370,103 and 56,774,294 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$859.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.51B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-320.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-369.60M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.80M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-204.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$541.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.14B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-182.50M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.48B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$828.70M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net earned premium	`PremiumsEarnedNet`	$25.30M	USD	1 Quarter
Net earned premium	`PremiumsEarnedNet`	$13.80M	USD	1 Quarter
Ceding commission income	`CededCommissionIncome`	$9.00M	USD	1 Quarter
Ceding commission income	`CededCommissionIncome`	-	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$200.00K	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$900.00K	USD	1 Quarter
Commission and other income	`InsuranceCommissionsAndFees`	$500.00K	USD	1 Quarter
Commission and other income	`InsuranceCommissionsAndFees`	-	USD	1 Quarter
Total revenue	`Revenues`	$23.50M	USD	1 Quarter
Total revenue	`Revenues`	$26.20M	USD	1 Quarter
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$18.20M	USD	1 Quarter
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$16.50M	USD	1 Quarter
Other insurance expense	`OtherInsuranceExpense`	$4.80M	USD	1 Quarter
Other insurance expense	`OtherInsuranceExpense`	$3.30M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$19.20M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$29.10M	USD	1 Quarter
Technology development	`ResearchAndDevelopmentExpense`	$7.10M	USD	1 Quarter
Technology development	`ResearchAndDevelopmentExpense`	$3.50M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$18.20M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.10M	USD	1 Quarter
Total expense	`BenefitsLossesAndExpenses`	$71.60M	USD	1 Quarter
Total expense	`BenefitsLossesAndExpenses`	$62.40M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-36.20M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-48.10M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$300.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$900.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-36.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.00M	USD	1 Quarter
Unrealized gain on investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Unrealized gain on investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$100.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$700.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-48.20M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-36.50M	USD	1 Quarter
Net loss per share attributable to common stockholdersbasic (usd per share)	`EarningsPerShareBasic`	$-0.81	USD	1 Quarter
Net loss per share attributable to common stockholdersbasic (usd per share)	`EarningsPerShareBasic`	$-3.16	USD	1 Quarter
Net loss per share attributable to common stockholdersdiluted (usd per share)	`EarningsPerShareDiluted`	$-0.81	USD	1 Quarter
Net loss per share attributable to common stockholdersdiluted (usd per share)	`EarningsPerShareDiluted`	$-3.16	USD	1 Quarter
Weighted average common shares outstandingbasic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.54M	shares	1 Quarter
Weighted average common shares outstandingbasic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	60.22M	shares	1 Quarter
Weighted average common shares outstandingdiluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.22M	shares	1 Quarter
Weighted average common shares outstandingdiluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.54M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-36.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.00M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$900.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$300.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.20M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$6.10M	USD	1 Quarter
Amortization of discount on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	-	USD	1 Quarter
Amortization of discount on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$200.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$900.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$400.00K	USD	1 Quarter
Common shares contribution to the Lemonade Foundation	`NoncashContributionExpense`	$12.20M	USD	1 Quarter
Common shares contribution to the Lemonade Foundation	`NoncashContributionExpense`	-	USD	1 Quarter
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$3.40M	USD	1 Quarter
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$13.30M	USD	1 Quarter
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$16.80M	USD	1 Quarter
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$2.10M	USD	1 Quarter
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$-900.00K	USD	1 Quarter
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$13.10M	USD	1 Quarter
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$600.00K	USD	1 Quarter
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$200.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.60M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.60M	USD	1 Quarter
Unpaid loss and loss adjustment expense	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$3.60M	USD	1 Quarter
Unpaid loss and loss adjustment expense	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$15.90M	USD	1 Quarter
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-19.70M	USD	1 Quarter
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-7.60M	USD	1 Quarter
Trade payables	`IncreaseDecreaseInAccountsPayable`	$200.00K	USD	1 Quarter
Trade payables	`IncreaseDecreaseInAccountsPayable`	$-400.00K	USD	1 Quarter
Funds held for reinsurance treaties	`IncreaseDecreaseInReinsurancePayables`	-	USD	1 Quarter
Funds held for reinsurance treaties	`IncreaseDecreaseInReinsurancePayables`	$3.90M	USD	1 Quarter
Deferred ceding commissions	`IncreaseDecreaseInDeferredCedingCommissions`	-	USD	1 Quarter
Deferred ceding commissions	`IncreaseDecreaseInDeferredCedingCommissions`	$3.60M	USD	1 Quarter
Ceded premium payable	`IncreaseDecreaseInCededPremiumsPayable`	$-200.00K	USD	1 Quarter
Ceded premium payable	`IncreaseDecreaseInCededPremiumsPayable`	$2.30M	USD	1 Quarter
Other liabilities and accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.20M	USD	1 Quarter
Other liabilities and accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-2.60M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.30M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.40M	USD	1 Quarter
Proceeds from short-term investments sold or matured	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$40.00M	USD	1 Quarter
Proceeds from short-term investments sold or matured	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Proceeds from bonds sold or matured	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$1.40M	USD	1 Quarter
Proceeds from bonds sold or matured	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	-	USD	1 Quarter
Cost of short-term investments acquired	`PaymentsToAcquireMarketableSecurities`	$14.90M	USD	1 Quarter
Cost of short-term investments acquired	`PaymentsToAcquireMarketableSecurities`	-	USD	1 Quarter
Cost of bonds acquired	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$2.30M	USD	1 Quarter
Cost of bonds acquired	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	-	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$700.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.00M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.00M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$23.50M	USD	1 Quarter
Proceeds from Follow-on Offering, net of underwriting discounts and commissions and offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$640.30M	USD	1 Quarter
Proceeds from Follow-on Offering, net of underwriting discounts and commissions and offering costs	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	1 Quarter
Proceeds from stock exercises	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from stock exercises	`ProceedsFromStockOptionsExercised`	$6.10M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$646.40M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-200.00K	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-800.00K	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.90M	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$603.30M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$274.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.17B	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$571.40M	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 end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$274.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.17B	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$571.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.30M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$600.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$500.00K	USD	1 Quarter

Stockholders Equity 39 line items

Line Item	Tag	Value	Unit	Period
Issuance costs and underwriting fees	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$22.80M	USD	1 Quarter
Beginning balance (shares)	`TemporaryEquitySharesOutstanding`	31.56M	shares	Point-in-time
Beginning balance (shares)	`TemporaryEquitySharesOutstanding`	0.00	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	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	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`	0.00	shares	Point-in-time
Ending balance (shares)	`TemporaryEquitySharesOutstanding`	31.56M	shares	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Beginning balance (shares)	`CommonStockSharesOutstanding`	61.37M	shares	Point-in-time
Beginning balance (shares)	`CommonStockSharesOutstanding`	56.77M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$-204.60M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$541.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.14B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-182.50M	USD	Point-in-time
Issuance of common stock upon closing of Follow-on Offering, net of underwriting discounts and commissions and offering costs of $22.8 million	`StockIssuedDuringPeriodValueNewIssues`	$640.30M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$6.10M	USD	1 Quarter
Exercise of stock options (shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	577,162.00	shares	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.20M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.10M	USD	1 Quarter
Contribution to the Lemonade Foundation	`StockIssuedDuringPeriodValueIssuedForCharitableContribution`	$12.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-36.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-800.00K	USD	1 Quarter
Ending balance (shares)	`CommonStockSharesOutstanding`	61.37M	shares	Point-in-time
Ending balance (shares)	`CommonStockSharesOutstanding`	56.77M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$-204.60M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$541.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.14B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-182.50M	USD	Point-in-time

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