10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001691421-21-000094 |
| Period End Date | 20210930 |
| Filing Date | 20211109 |
| Fiscal Year | 2021 |
| Fiscal Period | Q3 |
| XBRL Instance | lmnd-20210930_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
79 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Fixed maturities available-for-sale, amortized cost |
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
$698.60M | USD | Point-in-time |
| Fixed maturities available-for-sale, amortized cost |
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
$6.40M | USD | Point-in-time |
| Short -term investments, cost |
ShortTermInvestmentsCost
|
$107.50M | USD | Point-in-time |
| Premium receivable, allowance for doubtful accounts |
PremiumsReceivableAllowanceForDoubtfulAccounts
|
$1.00M | USD | Point-in-time |
| Fixed maturities available-for-sale, at fair value (amortized cost: $698.6 million and $6.4 million as of September 30, 2021 and December 31, 2020) |
AvailableForSaleSecuritiesDebtSecurities
|
$697.60M | USD | Point-in-time |
| Premium receivable, allowance for doubtful accounts |
PremiumsReceivableAllowanceForDoubtfulAccounts
|
$500.00K | USD | Point-in-time |
| Fixed maturities available-for-sale, at fair value (amortized cost: $698.6 million and $6.4 million as of September 30, 2021 and December 31, 2020) |
AvailableForSaleSecuritiesDebtSecurities
|
$6.60M | 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 |
| Short-term investments (cost: $107.5 million) |
ShortTermInvestments
|
$107.50M | USD | Point-in-time |
| Short-term investments (cost: $107.5 million) |
ShortTermInvestments
|
- | 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 |
| Common stock, authorized (shares) |
CommonStockSharesAuthorized
|
200.00M | shares | Point-in-time |
| Total investments |
Investments
|
$805.10M | 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 |
| Cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$575.70M | USD | Point-in-time |
| Common stock, issued (shares) |
CommonStockSharesIssued
|
61.62M | shares | Point-in-time |
| Common stock, issued (shares) |
CommonStockSharesIssued
|
56.77M | shares | Point-in-time |
| Cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$319.60M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$571.40M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$270.30M | USD | Point-in-time |
| Premium receivable, net of allowance for doubtful accounts of $1.0 million and $0.5 million as of September 30, 2021 and December 31, 2020 |
PremiumsReceivableAtCarryingValue
|
$129.20M | USD | Point-in-time |
| Premium receivable, net of allowance for doubtful accounts of $1.0 million and $0.5 million as of September 30, 2021 and December 31, 2020 |
PremiumsReceivableAtCarryingValue
|
$86.10M | USD | Point-in-time |
| Common stock, outstanding (shares) |
CommonStockSharesOutstanding
|
56.77M | shares | Point-in-time |
| Common stock, outstanding (shares) |
CommonStockSharesOutstanding
|
61.62M | shares | Point-in-time |
| Reinsurance recoverable |
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
|
$49.00M | USD | Point-in-time |
| Reinsurance recoverable |
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
|
$70.80M | USD | Point-in-time |
| Prepaid reinsurance premium |
PrepaidReinsurancePremiums
|
$91.30M | USD | Point-in-time |
| Prepaid reinsurance premium |
PrepaidReinsurancePremiums
|
$150.20M | USD | Point-in-time |
| Deferred acquisition costs |
DeferredPolicyAcquisitionCosts
|
$3.50M | USD | Point-in-time |
| Deferred acquisition costs |
DeferredPolicyAcquisitionCosts
|
$6.00M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$10.80M | 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
|
$29.40M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$14.50M | USD | Point-in-time |
| Total assets |
Assets
|
$1.52B | 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
|
$28.20M | USD | Point-in-time |
| Unpaid loss and loss adjustment expense |
LiabilityForClaimsAndClaimsAdjustmentExpense
|
$74.00M | USD | Point-in-time |
| Unpaid loss and loss adjustment expense |
LiabilityForClaimsAndClaimsAdjustmentExpense
|
$39.70M | USD | Point-in-time |
| Unearned premium |
UnearnedPremiums
|
$123.80M | USD | Point-in-time |
| Unearned premium |
UnearnedPremiums
|
$203.20M | USD | Point-in-time |
| Trade payables |
AccountsPayableTradeCurrentAndNoncurrent
|
$3.00M | 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
|
$97.10M | USD | Point-in-time |
| Deferred ceding commission |
DeferredCedingCommission
|
$36.10M | USD | Point-in-time |
| Deferred ceding commission |
DeferredCedingCommission
|
$22.40M | USD | Point-in-time |
| Ceded premium payable |
CededPremiumsPayable
|
$24.80M | USD | Point-in-time |
| Ceded premium payable |
CededPremiumsPayable
|
$13.00M | USD | Point-in-time |
| Other liabilities and accrued expenses |
AccruedLiabilitiesAndOtherLiabilities
|
$18.70M | USD | Point-in-time |
| Other liabilities and accrued expenses |
AccruedLiabilitiesAndOtherLiabilities
|
$35.50M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$473.70M | 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; 61,615,624 and 56,774,294 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively |
CommonStockValue
|
- | USD | Point-in-time |
| Common stock, $0.00001 par value, 200,000,000 shares authorized; 61,615,624 and 56,774,294 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively |
CommonStockValue
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$1.54B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$859.80M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-320.60M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-491.60M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$100.00K | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$1.80M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$1.05B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$569.00M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$-182.50M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$-221.60M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$541.00M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$-204.60M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$1.14B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$1.10B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$1.52B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$828.70M | USD | Point-in-time |
Income Statement
88 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earned premium |
PremiumsEarnedNet
|
$10.50M | USD | 1 Quarter |
| Net earned premium |
PremiumsEarnedNet
|
$65.00M | USD | 3 Qtrs |
| Net earned premium |
PremiumsEarnedNet
|
$51.60M | USD | 3 Qtrs |
| Net earned premium |
PremiumsEarnedNet
|
$21.50M | USD | 1 Quarter |
| Ceding commission income |
CededCommissionIncome
|
$7.00M | USD | 1 Quarter |
| Ceding commission income |
CededCommissionIncome
|
$7.40M | USD | 3 Qtrs |
| Ceding commission income |
CededCommissionIncome
|
$31.90M | USD | 3 Qtrs |
| Ceding commission income |
CededCommissionIncome
|
$12.30M | USD | 1 Quarter |
| Net investment income |
NetInvestmentIncome
|
$200.00K | USD | 1 Quarter |
| Net investment income |
NetInvestmentIncome
|
$1.00M | USD | 3 Qtrs |
| Net investment income |
NetInvestmentIncome
|
$1.30M | USD | 3 Qtrs |
| Net investment income |
NetInvestmentIncome
|
$600.00K | USD | 1 Quarter |
| Commission and other income |
InsuranceCommissionsAndFees
|
$200.00K | USD | 3 Qtrs |
| Commission and other income |
InsuranceCommissionsAndFees
|
$100.00K | USD | 1 Quarter |
| Commission and other income |
InsuranceCommissionsAndFees
|
$1.30M | USD | 1 Quarter |
| Commission and other income |
InsuranceCommissionsAndFees
|
$2.90M | USD | 3 Qtrs |
| Total revenue |
Revenues
|
$73.90M | USD | 3 Qtrs |
| Total revenue |
Revenues
|
$17.80M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$87.40M | USD | 3 Qtrs |
| Total revenue |
Revenues
|
$35.70M | USD | 1 Quarter |
| Loss and loss adjustment expense, net |
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
|
$17.50M | USD | 1 Quarter |
| Loss and loss adjustment expense, net |
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
|
$6.70M | USD | 1 Quarter |
| Loss and loss adjustment expense, net |
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
|
$47.00M | USD | 3 Qtrs |
| Loss and loss adjustment expense, net |
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
|
$45.40M | USD | 3 Qtrs |
| Other insurance expense |
OtherInsuranceExpense
|
$10.80M | USD | 3 Qtrs |
| Other insurance expense |
OtherInsuranceExpense
|
$6.30M | USD | 1 Quarter |
| Other insurance expense |
OtherInsuranceExpense
|
$16.30M | USD | 3 Qtrs |
| Other insurance expense |
OtherInsuranceExpense
|
$3.50M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$22.20M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$42.20M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$57.50M | USD | 3 Qtrs |
| Sales and marketing |
SellingAndMarketingExpense
|
$104.40M | USD | 3 Qtrs |
| Technology development |
ResearchAndDevelopmentExpense
|
$35.40M | USD | 3 Qtrs |
| Technology development |
ResearchAndDevelopmentExpense
|
$13.00M | USD | 3 Qtrs |
| Technology development |
ResearchAndDevelopmentExpense
|
$5.30M | USD | 1 Quarter |
| Technology development |
ResearchAndDevelopmentExpense
|
$14.30M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$34.60M | USD | 3 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpense
|
$10.60M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$19.60M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$49.50M | USD | 3 Qtrs |
| Total expense |
BenefitsLossesAndExpenses
|
$99.90M | USD | 1 Quarter |
| Total expense |
BenefitsLossesAndExpenses
|
$161.30M | USD | 3 Qtrs |
| Total expense |
BenefitsLossesAndExpenses
|
$252.60M | USD | 3 Qtrs |
| Total expense |
BenefitsLossesAndExpenses
|
$48.30M | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-165.20M | USD | 3 Qtrs |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-64.20M | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-87.40M | USD | 3 Qtrs |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-30.50M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$400.00K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$5.80M | USD | 3 Qtrs |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$1.00M | USD | 3 Qtrs |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$2.20M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-36.50M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-88.40M | USD | 3 Qtrs |
| Net loss |
NetIncomeLoss
|
$-30.90M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-21.00M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-171.00M | USD | 3 Qtrs |
| Net loss |
NetIncomeLoss
|
$-49.00M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-55.60M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-66.40M | USD | 1 Quarter |
| Unrealized (loss) gain on investments |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$600.00K | USD | 3 Qtrs |
| Unrealized (loss) gain on investments |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$-800.00K | USD | 1 Quarter |
| Unrealized (loss) gain on investments |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$-1.20M | USD | 3 Qtrs |
| Unrealized (loss) gain on investments |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$400.00K | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$-500.00K | USD | 3 Qtrs |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
- | USD | 3 Qtrs |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
- | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
- | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-67.20M | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-172.70M | 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 (usd per share) |
EarningsPerShareBasic
|
$-3.41 | USD | 3 Qtrs |
| Net loss per share attributable to common stockholdersbasic (usd per share) |
EarningsPerShareBasic
|
$-0.57 | USD | 1 Quarter |
| Net loss per share attributable to common stockholdersbasic (usd per share) |
EarningsPerShareBasic
|
$-1.08 | USD | 1 Quarter |
| Net loss per share attributable to common stockholdersbasic (usd per share) |
EarningsPerShareBasic
|
$-2.80 | USD | 3 Qtrs |
| Net loss per share attributable to common stockholdersdiluted (usd per share) |
EarningsPerShareDiluted
|
$-0.57 | USD | 1 Quarter |
| Net loss per share attributable to common stockholdersdiluted (usd per share) |
EarningsPerShareDiluted
|
$-1.08 | USD | 1 Quarter |
| Net loss per share attributable to common stockholdersdiluted (usd per share) |
EarningsPerShareDiluted
|
$-3.41 | USD | 3 Qtrs |
| Net loss per share attributable to common stockholdersdiluted (usd per share) |
EarningsPerShareDiluted
|
$-2.80 | USD | 3 Qtrs |
| Weighted average common shares outstandingbasic (shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
54.00M | shares | 1 Quarter |
| Weighted average common shares outstandingbasic (shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
25.94M | shares | 3 Qtrs |
| Weighted average common shares outstandingbasic (shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
61.09M | shares | 3 Qtrs |
| Weighted average common shares outstandingbasic (shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
61.58M | shares | 1 Quarter |
| Weighted average common shares outstandingdiluted (shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
54.00M | shares | 1 Quarter |
| Weighted average common shares outstandingdiluted (shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
25.94M | shares | 3 Qtrs |
| Weighted average common shares outstandingdiluted (shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
61.09M | shares | 3 Qtrs |
| Weighted average common shares outstandingdiluted (shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
61.58M | shares | 1 Quarter |
Cash Flow Statement
78 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-36.50M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-88.40M | USD | 3 Qtrs |
| Net loss |
NetIncomeLoss
|
$-30.90M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-21.00M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-171.00M | USD | 3 Qtrs |
| Net loss |
NetIncomeLoss
|
$-49.00M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-55.60M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-66.40M | USD | 1 Quarter |
| Depreciation |
DepreciationNonproduction
|
$2.50M | USD | 3 Qtrs |
| Depreciation |
DepreciationNonproduction
|
$1.10M | USD | 3 Qtrs |
| Stock-based compensation |
ShareBasedCompensation
|
$7.30M | USD | 3 Qtrs |
| Stock-based compensation |
ShareBasedCompensation
|
$30.70M | USD | 3 Qtrs |
| Amortization of discount on bonds |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$400.00K | USD | 3 Qtrs |
| Amortization of discount on bonds |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$1.50M | USD | 3 Qtrs |
| Provision for bad debts |
ProvisionForDoubtfulAccounts
|
$3.80M | USD | 3 Qtrs |
| Provision for bad debts |
ProvisionForDoubtfulAccounts
|
$1.40M | USD | 3 Qtrs |
| Common shares contribution to the Lemonade Foundation |
NoncashContributionExpense
|
$12.20M | USD | 3 Qtrs |
| Common shares contribution to the Lemonade Foundation |
NoncashContributionExpense
|
- | USD | 3 Qtrs |
| Premium receivable |
IncreaseDecreaseInPremiumsReceivable
|
$30.10M | USD | 3 Qtrs |
| Premium receivable |
IncreaseDecreaseInPremiumsReceivable
|
$46.90M | USD | 3 Qtrs |
| Reinsurance recoverable |
IncreaseDecreaseInReinsuranceRecoverable
|
$21.90M | USD | 3 Qtrs |
| Reinsurance recoverable |
IncreaseDecreaseInReinsuranceRecoverable
|
$21.80M | USD | 3 Qtrs |
| Prepaid reinsurance premium |
IncreaseDecreaseInPrepaidReinsurancePremiums
|
$58.90M | USD | 3 Qtrs |
| Prepaid reinsurance premium |
IncreaseDecreaseInPrepaidReinsurancePremiums
|
$85.20M | USD | 3 Qtrs |
| Deferred acquisition costs |
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
|
$1.50M | USD | 3 Qtrs |
| Deferred acquisition costs |
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
|
$2.50M | USD | 3 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$15.00M | 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
|
$27.70M | USD | 3 Qtrs |
| Unearned premium |
IncreaseDecreaseInUnearnedPremiumsNet
|
$-47.30M | USD | 3 Qtrs |
| Unearned premium |
IncreaseDecreaseInUnearnedPremiumsNet
|
$-79.40M | USD | 3 Qtrs |
| Trade payables |
IncreaseDecreaseInAccountsPayable
|
$1.60M | USD | 3 Qtrs |
| Trade payables |
IncreaseDecreaseInAccountsPayable
|
$300.00K | USD | 3 Qtrs |
| Funds held for reinsurance treaties |
IncreaseDecreaseInReinsurancePayables
|
$52.40M | USD | 3 Qtrs |
| Funds held for reinsurance treaties |
IncreaseDecreaseInReinsurancePayables
|
$35.00M | USD | 3 Qtrs |
| Deferred ceding commissions |
IncreaseDecreaseInDeferredCedingCommissions
|
$13.70M | USD | 3 Qtrs |
| Deferred ceding commissions |
IncreaseDecreaseInDeferredCedingCommissions
|
$20.90M | USD | 3 Qtrs |
| Ceded premium payable |
IncreaseDecreaseInCededPremiumsPayable
|
$14.00M | USD | 3 Qtrs |
| Ceded premium payable |
IncreaseDecreaseInCededPremiumsPayable
|
$11.80M | USD | 3 Qtrs |
| Other liabilities and accrued expenses |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$16.70M | USD | 3 Qtrs |
| Other liabilities and accrued expenses |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$-500.00K | USD | 3 Qtrs |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-94.70M | USD | 3 Qtrs |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-71.00M | USD | 3 Qtrs |
| Proceeds from short-term investments sold or matured |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$55.00M | USD | 3 Qtrs |
| Proceeds from short-term investments sold or matured |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
- | USD | 3 Qtrs |
| Proceeds from bonds sold or matured |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$2.20M | USD | 3 Qtrs |
| Proceeds from bonds sold or matured |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$7.90M | USD | 3 Qtrs |
| Cost of short-term investments acquired |
PaymentsToAcquireMarketableSecurities
|
$107.50M | USD | 3 Qtrs |
| Cost of short-term investments acquired |
PaymentsToAcquireMarketableSecurities
|
$14.90M | USD | 3 Qtrs |
| Cost of bonds acquired |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$700.10M | USD | 3 Qtrs |
| Cost of bonds acquired |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$2.90M | USD | 3 Qtrs |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$7.40M | USD | 3 Qtrs |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.10M | USD | 3 Qtrs |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$36.30M | USD | 3 Qtrs |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-807.10M | USD | 3 Qtrs |
| Proceeds from Initial Public Offering and Follow-on Offering, net of underwriting discounts and commissions and offering costs |
ProceedsFromIssuanceInitialPublicOffering
|
$640.30M | USD | 3 Qtrs |
| Proceeds from Initial Public Offering and Follow-on Offering, net of underwriting discounts and commissions and offering costs |
ProceedsFromIssuanceInitialPublicOffering
|
$338.00M | 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 |
| Proceeds from stock exercises |
ProceedsFromStockOptionsExercised
|
$300.00K | USD | 3 Qtrs |
| Proceeds from stock exercises |
ProceedsFromStockOptionsExercised
|
$8.70M | USD | 3 Qtrs |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$649.00M | USD | 3 Qtrs |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$339.60M | USD | 3 Qtrs |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.00M | USD | 3 Qtrs |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$500.00K | USD | 3 Qtrs |
| Net (decrease) increase in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-251.80M | USD | 3 Qtrs |
| Net (decrease) increase in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$305.40M | USD | 3 Qtrs |
| 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
|
$319.60M | 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
|
$575.70M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$319.60M | 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
|
$2.10M | USD | 3 Qtrs |
| Cash paid for income taxes |
IncomeTaxesPaid
|
$1.10M | USD | 3 Qtrs |
Stockholders Equity
89 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Issuance costs and underwriting fees |
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
$22.80M | USD | 1 Quarter |
| Issuance costs and underwriting fees |
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
$28.90M | 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
|
0.00 | 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
|
0.00 | shares | 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 |
| 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
|
- | 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 (IPO) (shares) |
TemporaryEquityConversionToPermanentEquityShares
|
31.56M | shares | 1 Quarter |
| Conversion of convertible preferred stock to common stock upon closing of Initial Public Offering (IPO) (shares) |
TemporaryEquityConversionToPermanentEquityShares
|
31.56M | shares | Point-in-time |
| Conversion of convertible preferred stock to common stock upon closing of Initial Public Offering (IPO) |
TemporaryEquityConversionToPermanentEquityValue
|
$480.20M | USD | 1 Quarter |
| 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
|
0.00 | 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
|
0.00 | shares | 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 |
| 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
|
- | USD | Point-in-time |
| Ending balance |
TemporaryEquityCarryingAmountAttributableToParent
|
- | USD | Point-in-time |
| Beginning balance (shares) |
CommonStockSharesOutstanding
|
56.77M | shares | Point-in-time |
| Beginning balance (shares) |
CommonStockSharesOutstanding
|
61.62M | shares | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$1.05B | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$569.00M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$-182.50M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$-221.60M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$541.00M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$-204.60M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$1.14B | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$1.10B | USD | Point-in-time |
| Conversion of Convertible Preferred Stock to common stock upon closing of initial public offering (shares) |
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
|
31.56M | shares | 1 Quarter |
| Conversion of Convertible Preferred Stock to common stock upon closing of initial public offering |
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
$480.20M | USD | 1 Quarter |
| Issuance of common stock |
StockIssuedDuringPeriodValueNewIssues
|
$338.00M | USD | 1 Quarter |
| Issuance of common stock |
StockIssuedDuringPeriodValueNewIssues
|
$640.30M | USD | 1 Quarter |
| Exercise of stock options (shares) |
StockIssuedDuringPeriodSharesStockOptionsExercised
|
810,575.00 | shares | 3 Qtrs |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$900.00K | USD | 1 Quarter |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$6.10M | USD | 1 Quarter |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$100.00K | USD | 1 Quarter |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$1.70M | USD | 1 Quarter |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$200.00K | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$2.40M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$6.10M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$2.70M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$11.90M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$12.70M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$2.20M | USD | 1 Quarter |
| Contribution to the Lemonade Foundation |
StockIssuedDuringPeriodValueIssuedForCharitableContribution
|
$12.20M | USD | 1 Quarter |
| Release of shares upon repayment (shares) |
StockIssuedDuringPeriodSharesReleaseOfSharesUponRepayment
|
513,537.00 | shares | 1 Quarter |
| Release of shares upon repayment |
StockIssuedDuringPeriodValueReleaseOfSharesUponRepayment
|
$1.30M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-36.50M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-88.40M | USD | 3 Qtrs |
| Net loss |
NetIncomeLoss
|
$-30.90M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-21.00M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-171.00M | USD | 3 Qtrs |
| Net loss |
NetIncomeLoss
|
$-49.00M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-55.60M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-66.40M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-100.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-800.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-800.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$400.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$200.00K | USD | 1 Quarter |
| Ending balance (shares) |
CommonStockSharesOutstanding
|
56.77M | shares | Point-in-time |
| Ending balance (shares) |
CommonStockSharesOutstanding
|
61.62M | shares | Point-in-time |
| Ending balance |
StockholdersEquity
|
$1.05B | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$569.00M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$-182.50M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$-221.60M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$541.00M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$-204.60M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$1.14B | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$1.10B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.