10-Q Filing

LEMONADE, INC. CIK: 1691421 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001691421-23-000112`
Period End Date	20230930
Filing Date	20231103
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	lmnd-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 88 Cash Flow Statement 85 Stockholders Equity 47

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Fixed maturities available-for-sale, amortized cost	`DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss`	$645.40M	USD	Point-in-time
Fixed maturities available-for-sale, amortized cost	`DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss`	$673.50M	USD	Point-in-time
Short -term investments, cost	`ShortTermInvestmentsCost`	$99.90M	USD	Point-in-time
Short -term investments, cost	`ShortTermInvestmentsCost`	$73.40M	USD	Point-in-time
Premium receivable, allowance for doubtful accounts	`PremiumsReceivableAllowanceForDoubtfulAccounts`	$2.50M	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: $645.4 million and $673.5 million as of September 30, 2023 and December 31, 2022, respectively)	`DebtSecuritiesAvailableForSaleExcludingAccruedInterest`	$650.30M	USD	Point-in-time
Fixed maturities available-for-sale, at fair value (amortized cost: $645.4 million and $673.5 million as of September 30, 2023 and December 31, 2022, respectively)	`DebtSecuritiesAvailableForSaleExcludingAccruedInterest`	$633.40M	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
Short-term investments (cost: $73.4 million and $99.9 million as of September 30, 2023 and December 31, 2022, respectively)	`ShortTermInvestments`	$73.40M	USD	Point-in-time
Short-term investments (cost: $73.4 million and $99.9 million as of September 30, 2023 and December 31, 2022, respectively)	`ShortTermInvestments`	$99.80M	USD	Point-in-time
Total investments	`Investments`	$750.10M	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
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total investments	`Investments`	$706.80M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$225.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$238.10M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	69.28M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	69.91M	shares	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$286.50M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	69.28M	shares	Point-in-time
Premium receivable, net of allowance for credit losses of $2.5 million and $2.7 million as of September 30, 2023 and December 31, 2022, respectively	`PremiumsReceivableAtCarryingValue`	$223.20M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	69.91M	shares	Point-in-time
Premium receivable, net of allowance for credit losses of $2.5 million and $2.7 million as of September 30, 2023 and December 31, 2022, respectively	`PremiumsReceivableAtCarryingValue`	$179.60M	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesOnPaidAndUnpaidLosses`	$156.80M	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesOnPaidAndUnpaidLosses`	$144.60M	USD	Point-in-time
Prepaid reinsurance premium	`PrepaidReinsurancePremiums`	$164.50M	USD	Point-in-time
Prepaid reinsurance premium	`PrepaidReinsurancePremiums`	$197.60M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$8.10M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$6.90M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$17.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$19.60M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$25.20M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$32.50M	USD	Point-in-time
Goodwill	`Goodwill`	$19.00M	USD	Point-in-time
Goodwill	`Goodwill`	$19.00M	USD	Point-in-time
Other assets	`OtherAssets`	$75.20M	USD	Point-in-time
Other assets	`OtherAssets`	$67.60M	USD	Point-in-time
Total assets	`Assets`	$1.65B	USD	Point-in-time
Total assets	`Assets`	$1.69B	USD	Point-in-time
Unpaid loss and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$97.90M	USD	Point-in-time
Unpaid loss and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$256.20M	USD	Point-in-time
Unpaid loss and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$255.10M	USD	Point-in-time
Unpaid loss and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$220.60M	USD	Point-in-time
Unearned premium	`UnearnedPremiums`	$355.60M	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`	$2.70M	USD	Point-in-time
Funds held for reinsurance treaties	`FundsHeldUnderReinsuranceAgreementsLiability`	$136.00M	USD	Point-in-time
Funds held for reinsurance treaties	`FundsHeldUnderReinsuranceAgreementsLiability`	$131.10M	USD	Point-in-time
Deferred ceding commission	`DeferredCedingCommission`	$39.10M	USD	Point-in-time
Deferred ceding commission	`DeferredCedingCommission`	$39.70M	USD	Point-in-time
Ceded premium payable	`CededPremiumsPayable`	$36.30M	USD	Point-in-time
Ceded premium payable	`CededPremiumsPayable`	$18.40M	USD	Point-in-time
Borrowings under financing agreement	`LineOfCredit`	$7.70M	USD	Point-in-time
Borrowings under financing agreement	`LineOfCredit`	-	USD	Point-in-time
Other liabilities and accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$93.10M	USD	Point-in-time
Other liabilities and accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$84.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$920.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$823.90M	USD	Point-in-time
Commitments and Contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.00001 par value, 200,000,000 shares authorized; 69,909,356 and 69,275,030 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.00001 par value, 200,000,000 shares authorized; 69,909,356 and 69,275,030 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.75B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.80B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-859.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.05B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$849.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$988.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$906.80M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$821.80M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$866.80M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$771.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$912.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$726.90M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.69B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.65B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net earned premium	`PremiumsEarnedNet`	$231.30M	USD	3 Qtrs
Net earned premium	`PremiumsEarnedNet`	$50.60M	USD	1 Quarter
Net earned premium	`PremiumsEarnedNet`	$86.60M	USD	1 Quarter
Net earned premium	`PremiumsEarnedNet`	$109.20M	USD	3 Qtrs
Ceding commission income	`CededCommissionIncome`	$51.40M	USD	3 Qtrs
Ceding commission income	`CededCommissionIncome`	$16.90M	USD	1 Quarter
Ceding commission income	`CededCommissionIncome`	$46.40M	USD	3 Qtrs
Ceding commission income	`CededCommissionIncome`	$16.70M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$17.60M	USD	3 Qtrs
Net investment income	`NetInvestmentIncome`	$7.00M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$2.60M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$4.70M	USD	3 Qtrs
Commission and other income	`InsuranceCommissionsAndFees`	$8.00M	USD	3 Qtrs
Commission and other income	`InsuranceCommissionsAndFees`	$3.90M	USD	1 Quarter
Commission and other income	`InsuranceCommissionsAndFees`	$4.20M	USD	1 Quarter
Commission and other income	`InsuranceCommissionsAndFees`	$14.00M	USD	3 Qtrs
Total revenue	`Revenues`	$314.30M	USD	3 Qtrs
Total revenue	`Revenues`	$168.30M	USD	3 Qtrs
Total revenue	`Revenues`	$74.00M	USD	1 Quarter
Total revenue	`Revenues`	$114.50M	USD	1 Quarter
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$75.90M	USD	1 Quarter
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$53.30M	USD	1 Quarter
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$215.40M	USD	3 Qtrs
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$105.80M	USD	3 Qtrs
Other insurance expense	`OtherInsuranceExpense`	$12.10M	USD	1 Quarter
Other insurance expense	`OtherInsuranceExpense`	$15.10M	USD	1 Quarter
Other insurance expense	`OtherInsuranceExpense`	$43.70M	USD	3 Qtrs
Other insurance expense	`OtherInsuranceExpense`	$30.90M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$77.40M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$24.40M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$111.10M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$35.80M	USD	1 Quarter
Technology development	`ResearchAndDevelopmentExpense`	$21.80M	USD	1 Quarter
Technology development	`ResearchAndDevelopmentExpense`	$21.40M	USD	1 Quarter
Technology development	`ResearchAndDevelopmentExpense`	$67.70M	USD	3 Qtrs
Technology development	`ResearchAndDevelopmentExpense`	$56.10M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$100.30M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$91.10M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$40.50M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$36.90M	USD	1 Quarter
Total expense	`BenefitsLossesAndExpenses`	$504.50M	USD	3 Qtrs
Total expense	`BenefitsLossesAndExpenses`	$395.00M	USD	3 Qtrs
Total expense	`BenefitsLossesAndExpenses`	$163.10M	USD	1 Quarter
Total expense	`BenefitsLossesAndExpenses`	$174.10M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-226.70M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-59.60M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-190.20M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-89.10M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.90M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.40M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.30M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$2.30M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-67.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-194.50M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-67.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-61.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-234.10M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-91.40M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-65.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-74.80M	USD	1 Quarter
Unrealized gain (loss) on investments in fixed maturities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$10.10M	USD	3 Qtrs
Unrealized gain (loss) on investments in fixed maturities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$2.90M	USD	1 Quarter
Unrealized gain (loss) on investments in fixed maturities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-23.80M	USD	3 Qtrs
Unrealized gain (loss) on investments in fixed maturities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-5.00M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-8.10M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.60M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.50M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.00M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-97.90M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-186.00M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-59.60M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-266.00M	USD	3 Qtrs
Net loss per share attributable to common stockholdersbasic (usd per share)	`EarningsPerShareBasic`	$-0.88	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 stockholdersbasic (usd per share)	`EarningsPerShareBasic`	$-3.69	USD	3 Qtrs
Net loss per share attributable to common stockholdersbasic (usd per share)	`EarningsPerShareBasic`	$-1.37	USD	1 Quarter
Net loss per share attributable to common stockholdersdiluted (usd per share)	`EarningsPerShareDiluted`	$-3.69	USD	3 Qtrs
Net loss per share attributable to common stockholdersdiluted (usd per share)	`EarningsPerShareDiluted`	$-0.88	USD	1 Quarter
Net loss per share attributable to common stockholdersdiluted (usd per share)	`EarningsPerShareDiluted`	$-1.37	USD	1 Quarter
Net loss per share attributable to common stockholdersdiluted (usd per share)	`EarningsPerShareDiluted`	$-2.80	USD	3 Qtrs
Weighted average common shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	66.88M	shares	1 Quarter
Weighted average common shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	69.75M	shares	1 Quarter
Weighted average common shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	63.48M	shares	3 Qtrs
Weighted average common shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	69.54M	shares	3 Qtrs
Weighted average common shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	63.48M	shares	3 Qtrs
Weighted average common shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.75M	shares	1 Quarter
Weighted average common shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	66.88M	shares	1 Quarter
Weighted average common shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.54M	shares	3 Qtrs

Cash Flow Statement 85 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-67.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-194.50M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-67.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-61.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-234.10M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-91.40M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-65.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-74.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.20M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.80M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$43.60M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$45.60M	USD	3 Qtrs
Amortization of discount on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.30M	USD	3 Qtrs
Amortization of discount on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-5.90M	USD	3 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$6.40M	USD	3 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$6.00M	USD	3 Qtrs
Asset impairment charge	`AssetImpairmentCharges`	$3.70M	USD	3 Qtrs
Asset impairment charge	`AssetImpairmentCharges`	$3.70M	USD	1 Quarter
Asset impairment charge	`AssetImpairmentCharges`	-	USD	3 Qtrs
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$49.60M	USD	3 Qtrs
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$49.80M	USD	3 Qtrs
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$-12.20M	USD	3 Qtrs
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$32.20M	USD	3 Qtrs
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$33.10M	USD	3 Qtrs
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$32.10M	USD	3 Qtrs
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$1.40M	USD	3 Qtrs
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$1.20M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.10M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-5.00M	USD	3 Qtrs
Unpaid loss and loss adjustment expense	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$-1.10M	USD	3 Qtrs
Unpaid loss and loss adjustment expense	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$46.50M	USD	3 Qtrs
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-71.50M	USD	3 Qtrs
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-67.60M	USD	3 Qtrs
Trade payables	`IncreaseDecreaseInAccountsPayable`	$-300.00K	USD	3 Qtrs
Trade payables	`IncreaseDecreaseInAccountsPayable`	$1.60M	USD	3 Qtrs
Funds held for reinsurance treaties	`IncreaseDecreaseInReinsurancePayables`	$28.60M	USD	3 Qtrs
Funds held for reinsurance treaties	`IncreaseDecreaseInReinsurancePayables`	$-4.90M	USD	3 Qtrs
Deferred ceding commissions	`IncreaseDecreaseInDeferredCedingCommissions`	$6.50M	USD	3 Qtrs
Deferred ceding commissions	`IncreaseDecreaseInDeferredCedingCommissions`	$-600.00K	USD	3 Qtrs
Ceded premium payable	`IncreaseDecreaseInCededPremiumsPayable`	$-5.80M	USD	3 Qtrs
Ceded premium payable	`IncreaseDecreaseInCededPremiumsPayable`	$17.90M	USD	3 Qtrs
Other liabilities and accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$10.60M	USD	3 Qtrs
Other liabilities and accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$8.50M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-103.00M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-134.40M	USD	3 Qtrs
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-98.80M	USD	3 Qtrs
Proceeds from short-term investments sold or matured	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$150.00M	USD	3 Qtrs
Proceeds from short-term investments sold or matured	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$115.20M	USD	3 Qtrs
Proceeds from bonds sold or matured	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$90.00M	USD	3 Qtrs
Proceeds from bonds sold or matured	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$300.00M	USD	3 Qtrs
Cost of short-term investments acquired	`PaymentsToAcquireMarketableSecurities`	$118.30M	USD	3 Qtrs
Cost of short-term investments acquired	`PaymentsToAcquireMarketableSecurities`	$71.50M	USD	3 Qtrs
Cost of bonds acquired	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$288.80M	USD	3 Qtrs
Cost of bonds acquired	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$119.40M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.50M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.80M	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$48.10M	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$93.60M	USD	3 Qtrs
Proceeds from borrowings under financing agreement	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Proceeds from borrowings under financing agreement	`ProceedsFromLinesOfCredit`	$9.30M	USD	3 Qtrs
Payments on borrowings under financing agreement	`RepaymentsOfLinesOfCredit`	$1.60M	USD	3 Qtrs
Payments on borrowings under financing agreement	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Proceeds from stock exercises	`ProceedsFromStockOptionsExercised`	$500.00K	USD	3 Qtrs
Proceeds from stock exercises	`ProceedsFromStockOptionsExercised`	$3.30M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.20M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.30M	USD	3 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.70M	USD	3 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-8.10M	USD	3 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-48.40M	USD	3 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-45.60M	USD	3 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$225.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$238.10M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$286.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$225.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$238.10M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$286.50M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$600.00K	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$3.40M	USD	3 Qtrs
Cash paid for interest expense on borrowings under financing agreement	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for interest expense on borrowings under financing agreement	`InterestPaidNet`	$100.00K	USD	3 Qtrs
Warrants assumed from acquisition of Metromile	`NoncashOrPartNoncashAcquisitionWarrantsAssumed`	-	USD	3 Qtrs
Warrants assumed from acquisition of Metromile	`NoncashOrPartNoncashAcquisitionWarrantsAssumed`	$800.00K	USD	3 Qtrs

Stockholders Equity 47 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	69.28M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	69.91M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$849.10M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$988.20M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$906.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$821.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$866.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$771.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$912.70M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$726.90M	USD	Point-in-time
Issuance of common stock from acquisition of Metromile (Note 5)	`StockIssuedDuringPeriodValueAcquisitions`	$137.70M	USD	3 Qtrs
Exercise of stock options and distribution of restricted stock units	`StockIssuedDuringPeriodValueStockOptionsAndRestrictedStockExercised`	$100.00K	USD	1 Quarter
Exercise of stock options and distribution of restricted stock units	`StockIssuedDuringPeriodValueStockOptionsAndRestrictedStockExercised`	$2.30M	USD	1 Quarter
Exercise of stock options and distribution of restricted stock units	`StockIssuedDuringPeriodValueStockOptionsAndRestrictedStockExercised`	$600.00K	USD	1 Quarter
Exercise of stock options and distribution of restricted stock units	`StockIssuedDuringPeriodValueStockOptionsAndRestrictedStockExercised`	$400.00K	USD	1 Quarter
Exercise of stock options and distribution of restricted stock units	`StockIssuedDuringPeriodValueStockOptionsAndRestrictedStockExercised`	$100.00K	USD	1 Quarter
Exercise of stock options and distribution of restricted stock units	`StockIssuedDuringPeriodValueStockOptionsAndRestrictedStockExercised`	$300.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.90M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$14.10M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$14.80M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.40M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.60M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.40M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-67.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-194.50M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-67.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-61.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-234.10M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-91.40M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-65.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-74.80M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.90M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$5.30M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-10.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-6.50M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.30M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-15.40M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	69.28M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	69.91M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$849.10M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$988.20M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$906.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$821.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$866.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$771.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$912.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$726.90M	USD	Point-in-time

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