10-K Filing

LEMONADE, INC. CIK: 1691421 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001691421-23-000032`
Period End Date	20221231
Filing Date	20230303
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	lmnd-20221231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 63 Cash Flow Statement 113 Stockholders Equity 52

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Fixed maturities available-for-sale, amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$696.80M	USD	Point-in-time
Fixed maturities available-for-sale, amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$673.50M	USD	Point-in-time
Short term investments, cost	`ShortTermInvestmentsCost`	$99.90M	USD	Point-in-time
Short term investments, cost	`ShortTermInvestmentsCost`	$110.40M	USD	Point-in-time
Premium receivable, allowance for doubtful accounts	`PremiumsReceivableAllowanceForDoubtfulAccounts`	$2.70M	USD	Point-in-time
Fixed maturities available-for-sale, at fair value (amortized cost: $673.5 million and $696.8 million as of December 31, 2022 and 2021, respectively)	`AvailableForSaleSecuritiesDebtSecurities`	$691.40M	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: $673.5 million and $696.8 million as of December 31, 2022 and 2021, respectively)	`AvailableForSaleSecuritiesDebtSecurities`	$650.30M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Short-term investments (cost: $99.9 million and $110.4 million as of December 31, 2022 and 2021, respectively)	`ShortTermInvestments`	$110.40M	USD	Point-in-time
Short-term investments (cost: $99.9 million and $110.4 million as of December 31, 2022 and 2021, respectively)	`ShortTermInvestments`	$99.80M	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 (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total investments	`Investments`	$750.10M	USD	Point-in-time
Total investments	`Investments`	$801.80M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$286.50M	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
Common stock, issued (in shares)	`CommonStockSharesIssued`	61.66M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	69.28M	shares	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.60M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	61.66M	shares	Point-in-time
Premium receivable, net of allowance for credit losses of $2.7 million and $1.6 million as of December 31, 2022 and 2021, respectively	`PremiumsReceivableAtCarryingValue`	$179.60M	USD	Point-in-time
Premium receivable, net of allowance for credit losses of $2.7 million and $1.6 million as of December 31, 2022 and 2021, respectively	`PremiumsReceivableAtCarryingValue`	$127.00M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	69.28M	shares	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesOnPaidAndUnpaidLosses`	$156.80M	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesOnPaidAndUnpaidLosses`	$89.80M	USD	Point-in-time
Prepaid reinsurance premium	`PrepaidReinsurancePremiums`	$164.50M	USD	Point-in-time
Prepaid reinsurance premium	`PrepaidReinsurancePremiums`	$149.60M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$3.50M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$6.20M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$6.90M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$19.60M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$11.70M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$32.50M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$600.00K	USD	Point-in-time
Goodwill	`Goodwill`	$19.00M	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Other assets	`OtherAssets`	$75.20M	USD	Point-in-time
Other assets	`OtherAssets`	$53.20M	USD	Point-in-time
Total assets	`Assets`	$1.51B	USD	Point-in-time
Total assets	`Assets`	$1.69B	USD	Point-in-time
Unpaid losses and loss adjustment expenses	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$46.30M	USD	Point-in-time
Unpaid losses and loss adjustment expenses	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$97.90M	USD	Point-in-time
Unpaid losses and loss adjustment expenses	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$256.20M	USD	Point-in-time
Unearned premium	`UnearnedPremiums`	$207.70M	USD	Point-in-time
Unearned premium	`UnearnedPremiums`	$288.00M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrentAndNoncurrent`	$1.10M	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`	$136.00M	USD	Point-in-time
Deferred ceding commission	`DeferredCedingCommission`	$39.70M	USD	Point-in-time
Deferred ceding commission	`DeferredCedingCommission`	$36.50M	USD	Point-in-time
Ceded premium payable	`CededPremiumsPayable`	$18.70M	USD	Point-in-time
Ceded premium payable	`CededPremiumsPayable`	$18.40M	USD	Point-in-time
Other liabilities and accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$57.40M	USD	Point-in-time
Other liabilities and accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$84.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$522.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$823.90M	USD	Point-in-time
Commitments and contingencies (Note 20)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 20)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.00001 par value, 200,000,000 shares authorized as of December 31, 2022 and 2021; 69,275,030 shares and 61,660,996 shares issued and outstanding as of December 31, 2022 and 2021, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.00001 par value, 200,000,000 shares authorized as of December 31, 2022 and 2021; 69,275,030 shares and 61,660,996 shares issued and outstanding as of December 31, 2022 and 2021, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.55B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.75B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-561.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-859.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$541.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$866.80M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-182.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$988.20M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.69B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.51B	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net earned premium	`PremiumsEarnedNet`	$77.00M	USD	Annual
Net earned premium	`PremiumsEarnedNet`	$172.40M	USD	Annual
Net earned premium	`PremiumsEarnedNet`	$77.30M	USD	Annual
Ceding commission income	`CededCommissionIncome`	$44.90M	USD	Annual
Ceding commission income	`CededCommissionIncome`	$64.10M	USD	Annual
Ceding commission income	`CededCommissionIncome`	$15.30M	USD	Annual
Net investment income	`NetInvestmentIncome`	$1.90M	USD	Annual
Net investment income	`NetInvestmentIncome`	$8.40M	USD	Annual
Net investment income	`NetInvestmentIncome`	$1.50M	USD	Annual
Commission and other income	`InsuranceCommissionsAndFees`	$4.60M	USD	Annual
Commission and other income	`InsuranceCommissionsAndFees`	$300.00K	USD	Annual
Commission and other income	`InsuranceCommissionsAndFees`	$11.80M	USD	Annual
Total revenue	`Revenues`	$128.40M	USD	Annual
Total revenue	`Revenues`	$94.40M	USD	Annual
Total revenue	`Revenues`	$256.70M	USD	Annual
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$167.30M	USD	Annual
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$54.70M	USD	Annual
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$71.90M	USD	Annual
Other insurance expense	`OtherInsuranceExpense`	$24.10M	USD	Annual
Other insurance expense	`OtherInsuranceExpense`	$44.00M	USD	Annual
Other insurance expense	`OtherInsuranceExpense`	$14.40M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$141.60M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$80.40M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$138.30M	USD	Annual
Technology development	`ResearchAndDevelopmentExpense`	$19.40M	USD	Annual
Technology development	`ResearchAndDevelopmentExpense`	$51.80M	USD	Annual
Technology development	`ResearchAndDevelopmentExpense`	$79.60M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$122.30M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$72.60M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$46.30M	USD	Annual
Total expense	`BenefitsLossesAndExpenses`	$362.00M	USD	Annual
Total expense	`BenefitsLossesAndExpenses`	$215.20M	USD	Annual
Total expense	`BenefitsLossesAndExpenses`	$551.50M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-120.80M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-294.80M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-233.60M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$1.50M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$7.70M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$3.00M	USD	Annual
Net loss	`NetIncomeLoss`	$-297.80M	USD	Annual
Net loss	`NetIncomeLoss`	$-241.30M	USD	Annual
Net loss	`NetIncomeLoss`	$-122.30M	USD	Annual
Unrealized (loss) gain on investments in fixed maturities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$100.00K	USD	Annual
Unrealized (loss) gain on investments in fixed maturities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-18.40M	USD	Annual
Unrealized (loss) gain on investments in fixed maturities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-5.70M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-5.80M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.60M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$500.00K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-322.00M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-246.50M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-120.60M	USD	Annual
Net loss per share attributable to common stockholders - basic (usd per share)	`EarningsPerShareBasic`	$-4.59	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 - basic (usd per share)	`EarningsPerShareBasic`	$-3.63	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`	$-4.59	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 (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	64.92M	shares	Annual
Weighted average common shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.65M	shares	Annual
Weighted average common shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	61.22M	shares	Annual
Weighted average common shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.65M	shares	Annual
Weighted average common shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.22M	shares	Annual
Weighted average common shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	64.92M	shares	Annual

Cash Flow Statement 113 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-297.80M	USD	Annual
Net loss	`NetIncomeLoss`	$-241.30M	USD	Annual
Net loss	`NetIncomeLoss`	$-122.30M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.70M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.70M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.20M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$44.10M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$10.60M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$59.30M	USD	Annual
Amortization of premium (discount) on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$400.00K	USD	Annual
Amortization of premium (discount) on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$4.20M	USD	Annual
Amortization of premium (discount) on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-6.70M	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$6.20M	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$8.70M	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$2.20M	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`	$-100.00K	USD	Annual
Unrealized loss on money market funds	`UnrealizedGainLossOnInvestments`	-	USD	Annual
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$43.80M	USD	Annual
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$34.20M	USD	Annual
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$47.20M	USD	Annual
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$52.60M	USD	Annual
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$40.80M	USD	Annual
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$28.70M	USD	Annual
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$14.90M	USD	Annual
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$90.30M	USD	Annual
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$58.30M	USD	Annual
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$800.00K	USD	Annual
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$1.70M	USD	Annual
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$2.70M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$12.00M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.00M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$38.60M	USD	Annual
Unpaid losses and loss adjustment expenses	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$74.00M	USD	Annual
Unpaid losses and loss adjustment expenses	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$51.60M	USD	Annual
Unpaid losses and loss adjustment expenses	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$18.10M	USD	Annual
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-65.10M	USD	Annual
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-83.90M	USD	Annual
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-55.80M	USD	Annual
Trade payables	`IncreaseDecreaseInAccountsPayable`	$-700.00K	USD	Annual
Trade payables	`IncreaseDecreaseInAccountsPayable`	$-400.00K	USD	Annual
Trade payables	`IncreaseDecreaseInAccountsPayable`	$700.00K	USD	Annual
Funds held for reinsurance treaties	`IncreaseDecreaseInReinsurancePayables`	$32.90M	USD	Annual
Funds held for reinsurance treaties	`IncreaseDecreaseInReinsurancePayables`	$62.10M	USD	Annual
Funds held for reinsurance treaties	`IncreaseDecreaseInReinsurancePayables`	$41.00M	USD	Annual
Deferred ceding commission	`IncreaseDecreaseInDeferredCedingCommissions`	$14.10M	USD	Annual
Deferred ceding commission	`IncreaseDecreaseInDeferredCedingCommissions`	$3.20M	USD	Annual
Deferred ceding commission	`IncreaseDecreaseInDeferredCedingCommissions`	$22.40M	USD	Annual
Ceded premium payable	`IncreaseDecreaseInCededPremiumsPayable`	$9.10M	USD	Annual
Ceded premium payable	`IncreaseDecreaseInCededPremiumsPayable`	$5.70M	USD	Annual
Ceded premium payable	`IncreaseDecreaseInCededPremiumsPayable`	$-12.40M	USD	Annual
Other liabilities and accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$4.90M	USD	Annual
Other liabilities and accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$2.90M	USD	Annual
Other liabilities and accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$38.60M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-144.60M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-163.00M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-91.70M	USD	Annual
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-98.80M	USD	Annual
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Proceeds from short-term investments sold or matured	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$224.50M	USD	Annual
Proceeds from short-term investments sold or matured	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$70.00M	USD	Annual
Proceeds from short-term investments sold or matured	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$20.20M	USD	Annual
Proceeds from bonds sold or matured	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$2.30M	USD	Annual
Proceeds from bonds sold or matured	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$138.00M	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`	$136.70M	USD	Annual
Cost of bonds acquired	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$133.40M	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`	$10.10M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.40M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-804.80M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$50.10M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$181.10M	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 Initial Public Offering and Follow-on Offering, net of underwriting discounts and commissions and offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$338.00M	USD	Annual
Proceeds from release of shares upon repayment	`ProceedsFromRepaymentOfLoansToPurchaseCommonStock`	-	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 stock exercises	`ProceedsFromStockOptionsExercised`	$9.30M	USD	Annual
Proceeds from stock exercises	`ProceedsFromStockOptionsExercised`	$1.80M	USD	Annual
Proceeds from stock exercises	`ProceedsFromStockOptionsExercised`	$3.60M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$341.10M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$649.60M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.60M	USD	Annual
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.00M	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`	$-5.80M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-300.80M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$301.10M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$15.90M	USD	Annual
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$286.50M	USD	Point-in-time
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`	$270.30M	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 end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$286.50M	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`	$270.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.60M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$1.60M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$3.20M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$3.40M	USD	Annual
Warrants assumed from acquisition of Metromile	`NoncashOrPartNoncashAcquisitionWarrantsAssumed`	-	USD	Annual
Warrants assumed from acquisition of Metromile	`NoncashOrPartNoncashAcquisitionWarrantsAssumed`	-	USD	Annual
Warrants assumed from acquisition of Metromile	`NoncashOrPartNoncashAcquisitionWarrantsAssumed`	$300.00K	USD	Annual

Stockholders Equity 52 line items

Line Item	Tag	Value	Unit	Period
Issuance costs and underwriting fees	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$31.30M	USD	Annual
Issuance costs and underwriting fees	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$22.80M	USD	Annual
Beginning balance (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Beginning balance (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Beginning balance (in shares)	`TemporaryEquitySharesOutstanding`	31.56M	shares	Point-in-time
Beginning balance (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Conversion of convertible preferred stock to common stock upon closing of initial public offering (in shares)	`TemporaryEquityConversionToPermanentEquityShares`	31.56M	shares	Point-in-time
Conversion of convertible preferred stock to common stock upon closing of initial public offering (in shares)	`TemporaryEquityConversionToPermanentEquityShares`	31.56M	shares	Annual
Conversion of convertible preferred stock to common stock upon closing of Initial Public Offering	`TemporaryEquityConversionToPermanentEquityValue`	$480.20M	USD	Annual
Ending balance (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Ending balance (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Ending balance (in shares)	`TemporaryEquitySharesOutstanding`	31.56M	shares	Point-in-time
Ending balance (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$480.20M	USD	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	61.66M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	69.28M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$541.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$866.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-182.50M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$988.20M	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	`StockIssuedDuringPeriodValueNewIssues`	$338.00M	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$640.30M	USD	Annual
Contribution to the Lemonade Foundation	`StockIssuedDuringPeriodValueIssuedForCharitableContribution`	$12.20M	USD	Annual
Release of shares upon repayment	`StockIssuedDuringPeriodValueRepaymentOfPartialRecourseLoan`	$1.30M	USD	Annual
Issuance of common stock from acquisition of Metromile (Note 5)	`StockIssuedDuringPeriodValueAcquisitions`	$137.70M	USD	Annual
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	448,368.00	shares	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.60M	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.30M	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.80M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.60M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$44.10M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$59.30M	USD	Annual
Net loss	`NetIncomeLoss`	$-297.80M	USD	Annual
Net loss	`NetIncomeLoss`	$-241.30M	USD	Annual
Net loss	`NetIncomeLoss`	$-122.30M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-24.20M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-5.20M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.70M	USD	Annual
Ending balance (in shares)	`CommonStockSharesOutstanding`	61.66M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	69.28M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$541.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$866.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-182.50M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$988.20M	USD	Point-in-time

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