10-K Filing

LEMONADE, INC. CIK: 1691421 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001691421-22-000015`
Period End Date	20211231
Filing Date	20220301
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	lmnd-20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 63 Cash Flow Statement 113 Stockholders Equity 69

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Amortized cost, available-for-sale securities	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$696.80M	USD	Point-in-time
Amortized cost, available-for-sale securities	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$6.40M	USD	Point-in-time
Short term investments cost	`ShortTermInvestmentsCost`	$110.40M	USD	Point-in-time
Fixed maturities available-for-sale, at fair value (amortized cost: $696.8 million and $6.4 million as of December 31, 2021 and 2020)	`AvailableForSaleSecuritiesDebtSecurities`	$6.60M	USD	Point-in-time
Premium receivable, allowance for doubtful accounts	`PremiumsReceivableAllowanceForDoubtfulAccounts`	$500.00K	USD	Point-in-time
Premium receivable, allowance for doubtful accounts	`PremiumsReceivableAllowanceForDoubtfulAccounts`	$1.60M	USD	Point-in-time
Fixed maturities available-for-sale, at fair value (amortized cost: $696.8 million and $6.4 million as of December 31, 2021 and 2020)	`AvailableForSaleSecuritiesDebtSecurities`	$691.40M	USD	Point-in-time
Short-term investments (cost: $110.4 million)	`ShortTermInvestments`	$110.40M	USD	Point-in-time
Short-term investments (cost: $110.4 million)	`ShortTermInvestments`	-	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
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	-	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
Total investments	`Investments`	$6.60M	USD	Point-in-time
Total investments	`Investments`	$801.80M	USD	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	56.77M	shares	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$571.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.60M	USD	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	61.66M	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
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	56.77M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	61.66M	shares	Point-in-time
Premium receivable, net of allowance for credit losses of $1.6 million and $0.5 million as of December 31, 2021 and 2020	`PremiumsReceivableAtCarryingValue`	$127.00M	USD	Point-in-time
Premium receivable, net of allowance for credit losses of $1.6 million and $0.5 million as of December 31, 2021 and 2020	`PremiumsReceivableAtCarryingValue`	$86.10M	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesOnPaidAndUnpaidLosses`	$89.80M	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesOnPaidAndUnpaidLosses`	$49.00M	USD	Point-in-time
Prepaid reinsurance premium	`PrepaidReinsurancePremiums`	$149.60M	USD	Point-in-time
Prepaid reinsurance premium	`PrepaidReinsurancePremiums`	$91.30M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$6.20M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$3.50M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$1.80M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.70M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$11.70M	USD	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$600.00K	USD	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$600.00K	USD	Point-in-time
Other assets	`OtherAssets`	$53.20M	USD	Point-in-time
Other assets	`OtherAssets`	$14.50M	USD	Point-in-time
Total assets	`Assets`	$1.51B	USD	Point-in-time
Total assets	`Assets`	$828.70M	USD	Point-in-time
Unpaid losses and loss adjustment expenses	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$97.90M	USD	Point-in-time
Unpaid losses and loss adjustment expenses	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$46.30M	USD	Point-in-time
Unpaid losses and loss adjustment expenses	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$28.20M	USD	Point-in-time
Unearned premium	`UnearnedPremiums`	$123.80M	USD	Point-in-time
Unearned premium	`UnearnedPremiums`	$207.70M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrentAndNoncurrent`	$1.40M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrentAndNoncurrent`	$1.00M	USD	Point-in-time
Funds held for reinsurance treaties	`FundsHeldUnderReinsuranceAgreementsLiability`	$103.10M	USD	Point-in-time
Funds held for reinsurance treaties	`FundsHeldUnderReinsuranceAgreementsLiability`	$62.10M	USD	Point-in-time
Deferred ceding commission	`DeferredCedingCommission`	$36.50M	USD	Point-in-time
Deferred ceding commission	`DeferredCedingCommission`	$22.40M	USD	Point-in-time
Ceded premium payable	`CededPremiumsPayable`	$13.00M	USD	Point-in-time
Ceded premium payable	`CededPremiumsPayable`	$18.70M	USD	Point-in-time
Other liabilities and accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$18.70M	USD	Point-in-time
Other liabilities and accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$57.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$287.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$522.30M	USD	Point-in-time
Commitments and contingencies (Note 21)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 21)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.00001 par value, 200,000,000 shares authorized as of December 31, 2021 and 2020; 61,660,996 shares and 56,774,294 shares issued and outstanding as of December 31, 2021 and 2020, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.00001 par value, 200,000,000 shares authorized as of December 31, 2021 and 2020; 61,660,996 shares and 56,774,294 shares issued and outstanding as of December 31, 2021 and 2020, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$859.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.55B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-561.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-320.60M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.80M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$988.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-182.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-79.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$541.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.51B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$828.70M	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net earned premium	`PremiumsEarnedNet`	$77.30M	USD	Annual
Net earned premium	`PremiumsEarnedNet`	$63.80M	USD	Annual
Net earned premium	`PremiumsEarnedNet`	$77.00M	USD	Annual
Ceding commission income	`CededCommissionIncome`	$44.90M	USD	Annual
Ceding commission income	`CededCommissionIncome`	-	USD	Annual
Ceding commission income	`CededCommissionIncome`	$15.30M	USD	Annual
Net investment income	`NetInvestmentIncome`	$1.90M	USD	Annual
Net investment income	`NetInvestmentIncome`	$1.50M	USD	Annual
Net investment income	`NetInvestmentIncome`	$3.40M	USD	Annual
Commission and other income	`InsuranceCommissionsAndFees`	$300.00K	USD	Annual
Commission and other income	`InsuranceCommissionsAndFees`	$100.00K	USD	Annual
Commission and other income	`InsuranceCommissionsAndFees`	$4.60M	USD	Annual
Total revenue	`Revenues`	$128.40M	USD	Annual
Total revenue	`Revenues`	$67.30M	USD	Annual
Total revenue	`Revenues`	$94.40M	USD	Annual
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$45.80M	USD	Annual
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$71.90M	USD	Annual
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$54.70M	USD	Annual
Other insurance expense	`OtherInsuranceExpense`	$14.40M	USD	Annual
Other insurance expense	`OtherInsuranceExpense`	$9.60M	USD	Annual
Other insurance expense	`OtherInsuranceExpense`	$24.10M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$88.50M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$80.40M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$141.60M	USD	Annual
Technology development	`ResearchAndDevelopmentExpense`	$51.80M	USD	Annual
Technology development	`ResearchAndDevelopmentExpense`	$9.80M	USD	Annual
Technology development	`ResearchAndDevelopmentExpense`	$19.40M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$72.60M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$21.50M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$46.30M	USD	Annual
Total expense	`BenefitsLossesAndExpenses`	$362.00M	USD	Annual
Total expense	`BenefitsLossesAndExpenses`	$175.20M	USD	Annual
Total expense	`BenefitsLossesAndExpenses`	$215.20M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-233.60M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-120.80M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-107.90M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$600.00K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$7.70M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$1.50M	USD	Annual
Net loss	`NetIncomeLoss`	$-122.30M	USD	Annual
Net loss	`NetIncomeLoss`	$-108.50M	USD	Annual
Net loss	`NetIncomeLoss`	$-241.30M	USD	Annual
Unrealized (loss) gain on investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$100.00K	USD	Annual
Unrealized (loss) gain on investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$100.00K	USD	Annual
Unrealized (loss) gain on investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-5.70M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$500.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.60M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-120.60M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-246.50M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-108.40M	USD	Annual
Net loss per share attributable to common stockholders - basic (usd per share)	`EarningsPerShareBasic`	$-9.75	USD	Annual
Net loss per share attributable to common stockholders - basic (usd per share)	`EarningsPerShareBasic`	$-3.63	USD	Annual
Net loss per share attributable to common stockholders - basic (usd per share)	`EarningsPerShareBasic`	$-3.94	USD	Annual
Net loss per share attributable to common stockholders - diluted (usd per share)	`EarningsPerShareDiluted`	$-3.63	USD	Annual
Net loss per share attributable to common stockholders - diluted (usd per share)	`EarningsPerShareDiluted`	$-9.75	USD	Annual
Net loss per share attributable to common stockholders - diluted (usd per share)	`EarningsPerShareDiluted`	$-3.94	USD	Annual
Weighted average common shares outstanding - basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.65M	shares	Annual
Weighted average common shares outstanding - basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	61.22M	shares	Annual
Weighted average common shares outstanding - basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.12M	shares	Annual
Weighted average common shares outstanding - diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.12M	shares	Annual
Weighted average common shares outstanding - diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.65M	shares	Annual
Weighted average common shares outstanding - diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.22M	shares	Annual

Cash Flow Statement 113 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-122.30M	USD	Annual
Net loss	`NetIncomeLoss`	$-108.50M	USD	Annual
Net loss	`NetIncomeLoss`	$-241.30M	USD	Annual
Depreciation	`DepreciationNonproduction`	$600.00K	USD	Annual
Depreciation	`DepreciationNonproduction`	$3.70M	USD	Annual
Depreciation	`DepreciationNonproduction`	$1.70M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$44.10M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$4.30M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$10.60M	USD	Annual
Amortization of discount on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$4.20M	USD	Annual
Amortization of discount on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$500.00K	USD	Annual
Amortization of discount on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$400.00K	USD	Annual
Provision for bad debt	`PremiumReceivableCreditLossExpenseReversal`	$900.00K	USD	Annual
Provision for bad debt	`PremiumReceivableCreditLossExpenseReversal`	$2.20M	USD	Annual
Provision for bad debt	`PremiumReceivableCreditLossExpenseReversal`	$6.20M	USD	Annual
Common shares contribution to Lemonade Foundation	`NoncashContributionExpense`	$12.20M	USD	Annual
Common shares contribution to Lemonade Foundation	`NoncashContributionExpense`	-	USD	Annual
Common shares contribution to Lemonade Foundation	`NoncashContributionExpense`	-	USD	Annual
Unrealized loss on money market funds	`UnrealizedGainLossOnInvestments`	-	USD	Annual
Unrealized loss on money market funds	`UnrealizedGainLossOnInvestments`	-	USD	Annual
Unrealized loss on money market funds	`UnrealizedGainLossOnInvestments`	$-100.00K	USD	Annual
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$47.20M	USD	Annual
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$29.10M	USD	Annual
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$34.20M	USD	Annual
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$40.80M	USD	Annual
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$28.70M	USD	Annual
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$8.50M	USD	Annual
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$-500.00K	USD	Annual
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$58.30M	USD	Annual
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$90.30M	USD	Annual
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$1.20M	USD	Annual
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$2.70M	USD	Annual
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$1.70M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.10M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$38.60M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$12.00M	USD	Annual
Unpaid losses and loss adjustment expenses	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$18.10M	USD	Annual
Unpaid losses and loss adjustment expenses	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$15.10M	USD	Annual
Unpaid losses and loss adjustment expenses	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$51.60M	USD	Annual
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-83.90M	USD	Annual
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-40.30M	USD	Annual
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-55.80M	USD	Annual
Trade payables	`IncreaseDecreaseInAccountsPayable`	$-400.00K	USD	Annual
Trade payables	`IncreaseDecreaseInAccountsPayable`	$700.00K	USD	Annual
Trade payables	`IncreaseDecreaseInAccountsPayable`	$-800.00K	USD	Annual
Funds held for reinsurance treaties	`IncreaseDecreaseInReinsurancePayables`	$62.10M	USD	Annual
Funds held for reinsurance treaties	`IncreaseDecreaseInReinsurancePayables`	$41.00M	USD	Annual
Funds held for reinsurance treaties	`IncreaseDecreaseInReinsurancePayables`	-	USD	Annual
Deferred ceding commission	`IncreaseDecreaseInDeferredCedingCommissions`	$22.40M	USD	Annual
Deferred ceding commission	`IncreaseDecreaseInDeferredCedingCommissions`	-	USD	Annual
Deferred ceding commission	`IncreaseDecreaseInDeferredCedingCommissions`	$14.10M	USD	Annual
Ceded premium payable	`IncreaseDecreaseInCededPremiumsPayable`	$9.10M	USD	Annual
Ceded premium payable	`IncreaseDecreaseInCededPremiumsPayable`	-	USD	Annual
Ceded premium payable	`IncreaseDecreaseInCededPremiumsPayable`	$5.70M	USD	Annual
Other liabilities and accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$38.60M	USD	Annual
Other liabilities and accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$9.90M	USD	Annual
Other liabilities and accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$2.90M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-78.10M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-144.60M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-91.70M	USD	Annual
Proceeds from short-term investments sold or matured	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$20.20M	USD	Annual
Proceeds from short-term investments sold or matured	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$21.00M	USD	Annual
Proceeds from short-term investments sold or matured	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$70.00M	USD	Annual
Proceeds from bonds sold or matured	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$2.30M	USD	Annual
Proceeds from bonds sold or matured	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$1.00M	USD	Annual
Proceeds from bonds sold or matured	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$27.20M	USD	Annual
Cost of short-term investments acquired	`PaymentsToAcquireMarketableSecurities`	$14.90M	USD	Annual
Cost of short-term investments acquired	`PaymentsToAcquireMarketableSecurities`	$130.80M	USD	Annual
Cost of short-term investments acquired	`PaymentsToAcquireMarketableSecurities`	$69.20M	USD	Annual
Cost of bonds acquired	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$3.50M	USD	Annual
Cost of bonds acquired	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$712.00M	USD	Annual
Cost of bonds acquired	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$2.90M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.40M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.40M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.70M	USD	Annual
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$600.00K	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$50.10M	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-54.00M	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-804.80M	USD	Annual
Proceeds from Initial Public Offering and Follow-on Offering, net of underwriting discounts and commissions and offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$338.00M	USD	Annual
Proceeds from Initial Public Offering and Follow-on Offering, net of underwriting discounts and commissions and offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$640.30M	USD	Annual
Proceeds from Initial Public Offering and Follow-on Offering, net of underwriting discounts and commissions and offering costs	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	Annual
Proceeds from release of shares upon repayment	`ProceedsFromRepaymentOfLoansToPurchaseCommonStock`	$1.30M	USD	Annual
Proceeds from release of shares upon repayment	`ProceedsFromRepaymentOfLoansToPurchaseCommonStock`	-	USD	Annual
Proceeds from release of shares upon repayment	`ProceedsFromRepaymentOfLoansToPurchaseCommonStock`	-	USD	Annual
Issuance of Preferred stock, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	Annual
Issuance of Preferred stock, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$299.40M	USD	Annual
Issuance of Preferred stock, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	Annual
Proceeds from stock exercises	`ProceedsFromStockOptionsExercised`	$1.80M	USD	Annual
Proceeds from stock exercises	`ProceedsFromStockOptionsExercised`	$9.30M	USD	Annual
Proceeds from stock exercises	`ProceedsFromStockOptionsExercised`	$700.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$300.10M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$649.60M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$341.10M	USD	Annual
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-100.00K	USD	Annual
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.60M	USD	Annual
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.00M	USD	Annual
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$167.90M	USD	Annual
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$301.10M	USD	Annual
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-300.80M	USD	Annual
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$571.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$102.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$571.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$102.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.30M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$500.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$1.60M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$3.20M	USD	Annual

Stockholders Equity 69 line items

Line Item	Tag	Value	Unit	Period
Issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$31.30M	USD	Annual
Issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$22.80M	USD	Annual
Beginning balance (shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$31.30M	USD	Annual
Issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$22.80M	USD	Annual
Beginning balance (shares)	`TemporaryEquitySharesOutstanding`	31.56M	shares	Point-in-time
Beginning balance (shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Beginning balance (shares)	`TemporaryEquitySharesOutstanding`	24.45M	shares	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$180.80M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	848,992.00	shares	Annual
Issuance of common stock upon closing of Follow-on Offering, net of underwriting discounts and commissions and offering costs of $22.8 million	`StockIssuedDuringPeriodValueNewIssues`	$338.00M	USD	Annual
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	Annual
Conversion of Convertible Preferred Stock to common stock upon closing of initial public offering (in shares)	`TemporaryEquityConversionToPermanentEquityShares`	31.56M	shares	Point-in-time
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.30M	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$500.00K	USD	Annual
Conversion of Convertible Preferred Stock to common stock upon closing of initial public offering (in shares)	`TemporaryEquityConversionToPermanentEquityShares`	31.56M	shares	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.80M	USD	Annual
Conversion of Convertible Preferred Stock to common stock upon closing of initial public offering	`TemporaryEquityConversionToPermanentEquityValue`	$480.20M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.60M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.30M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$44.10M	USD	Annual
Ending balance (shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Net loss	`NetIncomeLoss`	$-122.30M	USD	Annual
Net loss	`NetIncomeLoss`	$-108.50M	USD	Annual
Ending balance (shares)	`TemporaryEquitySharesOutstanding`	31.56M	shares	Point-in-time
Ending balance (shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Net loss	`NetIncomeLoss`	$-241.30M	USD	Annual
Ending balance (shares)	`TemporaryEquitySharesOutstanding`	24.45M	shares	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-5.20M	USD	Annual
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$100.00K	USD	Annual
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$180.80M	USD	Point-in-time
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.70M	USD	Annual
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	56.77M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	61.66M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$988.20M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-182.50M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-79.10M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$541.00M	USD	Point-in-time
Conversion of convertible preferred stock to common stock upon closing of initial public offering	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$480.20M	USD	Annual
Issuance of common stock upon closing of Follow-on Offering, net of underwriting discounts and commissions and offering costs of $22.8 million	`StockIssuedDuringPeriodValueNewIssues`	$338.00M	USD	Annual
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	Annual
Contribution to the Lemonade Foundation	`StockIssuedDuringPeriodValueIssuedForCharitableContribution`	$12.20M	USD	Annual
Repayment of partial recourse loan and release of shares upon repayment	`StockIssuedDuringPeriodValueRepaymentOfPartialRecourseLoan`	$1.30M	USD	Annual
Repayment of partial recourse loan and release of shares upon repayment	`StockIssuedDuringPeriodValueRepaymentOfPartialRecourseLoan`	$200.00K	USD	Annual
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	848,992.00	shares	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.30M	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$500.00K	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.80M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.60M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.30M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$44.10M	USD	Annual
Net loss	`NetIncomeLoss`	$-122.30M	USD	Annual
Net loss	`NetIncomeLoss`	$-108.50M	USD	Annual
Net loss	`NetIncomeLoss`	$-241.30M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-5.20M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$100.00K	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.70M	USD	Annual
Ending balance (in shares)	`CommonStockSharesOutstanding`	56.77M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	61.66M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$988.20M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-182.50M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-79.10M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$541.00M	USD	Point-in-time

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