10-K Filing

LEMONADE, INC. CIK: 1691421 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001691421-24-000026`
Period End Date	20231231
Filing Date	20240228
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	lmnd-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 63 Cash Flow Statement 116 Stockholders Equity 28

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Fixed maturities available-for-sale, amortized cost	`DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss`	$632.00M	USD	Point-in-time
Fixed maturities available-for-sale, amortized cost	`DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss`	$673.50M	USD	Point-in-time
Short term investments, cost	`ShortTermInvestmentsCost`	$99.90M	USD	Point-in-time
Short term investments, cost	`ShortTermInvestmentsCost`	$45.80M	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: $632.0 million and $673.5 million as of December 31, 2023 and 2022, respectively)	`DebtSecuritiesAvailableForSaleExcludingAccruedInterest`	$650.30M	USD	Point-in-time
Premium receivable, allowance for doubtful accounts	`PremiumsReceivableAllowanceForDoubtfulAccounts`	$2.50M	USD	Point-in-time
Fixed maturities available-for-sale, at fair value (amortized cost: $632.0 million and $673.5 million as of December 31, 2023 and 2022, respectively)	`DebtSecuritiesAvailableForSaleExcludingAccruedInterest`	$627.40M	USD	Point-in-time
Short-term investments (cost: $45.8 million and $99.9 million as of December 31, 2023 and 2022, respectively)	`ShortTermInvestments`	$45.80M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Short-term investments (cost: $45.8 million and $99.9 million as of December 31, 2023 and 2022, 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
Total investments	`Investments`	$750.10M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total investments	`Investments`	$673.20M	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
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$271.50M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	70.16M	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
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$571.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$286.50M	USD	Point-in-time
Premium receivable, net of allowance for credit losses of $2.5 million and $2.7 million as of December 31, 2023 and 2022, respectively	`PremiumsReceivableAtCarryingValue`	$179.60M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	69.28M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	70.16M	shares	Point-in-time
Premium receivable, net of allowance for credit losses of $2.5 million and $2.7 million as of December 31, 2023 and 2022, respectively	`PremiumsReceivableAtCarryingValue`	$222.00M	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesOnPaidAndUnpaidLosses`	$138.40M	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesOnPaidAndUnpaidLosses`	$156.80M	USD	Point-in-time
Prepaid reinsurance premium	`PrepaidReinsurancePremiums`	$196.30M	USD	Point-in-time
Prepaid reinsurance premium	`PrepaidReinsurancePremiums`	$164.50M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$6.20M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$8.80M	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`	$32.50M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$22.90M	USD	Point-in-time
Goodwill	`Goodwill`	$19.00M	USD	Point-in-time
Goodwill	`Goodwill`	$19.00M	USD	Point-in-time
Other assets	`OtherAssets`	$63.80M	USD	Point-in-time
Other assets	`OtherAssets`	$75.20M	USD	Point-in-time
Total assets	`Assets`	$1.69B	USD	Point-in-time
Total assets	`Assets`	$1.63B	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
Unpaid losses and loss adjustment expenses	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$262.30M	USD	Point-in-time
Unearned premium	`UnearnedPremiums`	$353.70M	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`	$600.00K	USD	Point-in-time
Funds held for reinsurance treaties	`FundsHeldUnderReinsuranceAgreementsLiability`	$128.80M	USD	Point-in-time
Funds held for reinsurance treaties	`FundsHeldUnderReinsuranceAgreementsLiability`	$136.00M	USD	Point-in-time
Deferred ceding commission	`DeferredCedingCommission`	$41.40M	USD	Point-in-time
Deferred ceding commission	`DeferredCedingCommission`	$39.70M	USD	Point-in-time
Ceded premium payable	`CededPremiumsPayable`	$18.40M	USD	Point-in-time
Ceded premium payable	`CededPremiumsPayable`	$23.20M	USD	Point-in-time
Borrowings under financing agreement	`LineOfCredit`	-	USD	Point-in-time
Borrowings under financing agreement	`LineOfCredit`	$14.90M	USD	Point-in-time
Other liabilities and accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$84.50M	USD	Point-in-time
Other liabilities and accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$99.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$823.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$924.40M	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, 2023 and 2022; 70,163,703 shares and 69,275,030 shares issued and outstanding as of December 31, 2023 and 2022, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.00001 par value, 200,000,000 shares authorized as of December 31, 2023 and 2022; 70,163,703 shares and 69,275,030 shares issued and outstanding as of December 31, 2023 and 2022, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.81B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.75B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.10B	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`	$-9.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$541.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$988.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$866.80M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$708.90M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.69B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.63B	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net earned premium	`PremiumsEarnedNet`	$315.20M	USD	Annual
Net earned premium	`PremiumsEarnedNet`	$77.00M	USD	Annual
Net earned premium	`PremiumsEarnedNet`	$172.40M	USD	Annual
Ceding commission income	`CededCommissionIncome`	$44.90M	USD	Annual
Ceding commission income	`CededCommissionIncome`	$69.80M	USD	Annual
Ceding commission income	`CededCommissionIncome`	$64.10M	USD	Annual
Net investment income	`NetInvestmentIncome`	$8.40M	USD	Annual
Net investment income	`NetInvestmentIncome`	$24.70M	USD	Annual
Net investment income	`NetInvestmentIncome`	$1.90M	USD	Annual
Commission and other income	`InsuranceCommissionsAndFees`	$11.80M	USD	Annual
Commission and other income	`InsuranceCommissionsAndFees`	$20.10M	USD	Annual
Commission and other income	`InsuranceCommissionsAndFees`	$4.60M	USD	Annual
Total revenue	`Revenues`	$256.70M	USD	Annual
Total revenue	`Revenues`	$429.80M	USD	Annual
Total revenue	`Revenues`	$128.40M	USD	Annual
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$280.40M	USD	Annual
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$71.90M	USD	Annual
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$167.30M	USD	Annual
Other insurance expense	`OtherInsuranceExpense`	$59.20M	USD	Annual
Other insurance expense	`OtherInsuranceExpense`	$24.10M	USD	Annual
Other insurance expense	`OtherInsuranceExpense`	$44.00M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$101.90M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$138.30M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$141.60M	USD	Annual
Technology development	`ResearchAndDevelopmentExpense`	$88.80M	USD	Annual
Technology development	`ResearchAndDevelopmentExpense`	$79.60M	USD	Annual
Technology development	`ResearchAndDevelopmentExpense`	$51.80M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$129.30M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$72.60M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$122.30M	USD	Annual
Total expense	`BenefitsLossesAndExpenses`	$551.50M	USD	Annual
Total expense	`BenefitsLossesAndExpenses`	$659.60M	USD	Annual
Total expense	`BenefitsLossesAndExpenses`	$362.00M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-294.80M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-233.60M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-229.80M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$7.10M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$3.00M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$7.70M	USD	Annual
Net loss	`NetIncomeLoss`	$-297.80M	USD	Annual
Net loss	`NetIncomeLoss`	$-241.30M	USD	Annual
Net loss	`NetIncomeLoss`	$-236.90M	USD	Annual
Unrealized gain (loss) on investments in fixed maturities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$18.60M	USD	Annual
Unrealized gain (loss) on investments in fixed maturities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-5.70M	USD	Annual
Unrealized gain (loss) on investments in fixed maturities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-18.40M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-5.80M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$500.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-218.30M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-246.50M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-322.00M	USD	Annual
Net loss per share attributable to common stockholders basic (usd per share)	`EarningsPerShareBasic`	$-3.40	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 diluted (usd per share)	`EarningsPerShareDiluted`	$-3.94	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`	$-3.40	USD	Annual
Weighted average common shares outstanding basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	64.92M	shares	Annual
Weighted average common shares outstanding basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	69.66M	shares	Annual
Weighted average common shares outstanding basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	61.22M	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
Weighted average common shares outstanding diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.66M	shares	Annual

Cash Flow Statement 116 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`	$-236.90M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.20M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.00M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.70M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$44.10M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$59.90M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$59.30M	USD	Annual
Amortization of premium (discount) on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$4.20M	USD	Annual
Amortization of premium (discount) on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-6.70M	USD	Annual
Amortization of premium (discount) on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$2.60M	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$8.70M	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$8.10M	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$6.20M	USD	Annual
Asset impairment charge	`AssetImpairmentCharges`	$3.70M	USD	Annual
Asset impairment charge	`AssetImpairmentCharges`	-	USD	Annual
Asset impairment charge	`AssetImpairmentCharges`	-	USD	Annual
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$43.80M	USD	Annual
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$50.50M	USD	Annual
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$47.20M	USD	Annual
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$-18.40M	USD	Annual
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$52.60M	USD	Annual
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$40.80M	USD	Annual
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$58.30M	USD	Annual
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$14.90M	USD	Annual
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$31.80M	USD	Annual
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$1.90M	USD	Annual
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$2.70M	USD	Annual
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$800.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.00M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$38.60M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-8.90M	USD	Annual
Unpaid losses and loss adjustment expenses	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$74.00M	USD	Annual
Unpaid losses and loss adjustment expenses	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$6.10M	USD	Annual
Unpaid losses and loss adjustment expenses	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$51.60M	USD	Annual
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-65.70M	USD	Annual
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-65.10M	USD	Annual
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-83.90M	USD	Annual
Trade payables	`IncreaseDecreaseInAccountsPayable`	$-400.00K	USD	Annual
Trade payables	`IncreaseDecreaseInAccountsPayable`	$-500.00K	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`	$-7.20M	USD	Annual
Funds held for reinsurance treaties	`IncreaseDecreaseInReinsurancePayables`	$41.00M	USD	Annual
Deferred ceding commission	`IncreaseDecreaseInDeferredCedingCommissions`	$3.20M	USD	Annual
Deferred ceding commission	`IncreaseDecreaseInDeferredCedingCommissions`	$1.70M	USD	Annual
Deferred ceding commission	`IncreaseDecreaseInDeferredCedingCommissions`	$14.10M	USD	Annual
Ceded premium payable	`IncreaseDecreaseInCededPremiumsPayable`	$5.70M	USD	Annual
Ceded premium payable	`IncreaseDecreaseInCededPremiumsPayable`	$4.80M	USD	Annual
Ceded premium payable	`IncreaseDecreaseInCededPremiumsPayable`	$-12.40M	USD	Annual
Other liabilities and accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$38.60M	USD	Annual
Other liabilities and accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$15.00M	USD	Annual
Other liabilities and accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$4.90M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-163.00M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-144.60M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-119.10M	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`	$143.50M	USD	Annual
Proceeds from short-term investments sold or matured	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$20.20M	USD	Annual
Proceeds from short-term investments sold or matured	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$224.50M	USD	Annual
Proceeds from bonds sold or matured	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$349.60M	USD	Annual
Proceeds from bonds sold or matured	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$27.20M	USD	Annual
Proceeds from bonds sold or matured	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$138.00M	USD	Annual
Cost of short-term investments acquired	`PaymentsToAcquireMarketableSecurities`	$71.50M	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`	$323.70M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.10M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.20M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.40M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$88.70M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-804.80M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$181.10M	USD	Annual
Proceeds from borrowings under financing agreement	`ProceedsFromLinesOfCredit`	-	USD	Annual
Proceeds from borrowings under financing agreement	`ProceedsFromLinesOfCredit`	-	USD	Annual
Proceeds from borrowings under financing agreement	`ProceedsFromLinesOfCredit`	$19.10M	USD	Annual
Payment on borrowings under financing agreement	`RepaymentsOfLinesOfCredit`	$4.20M	USD	Annual
Payment on borrowings under financing agreement	`RepaymentsOfLinesOfCredit`	-	USD	Annual
Payment on borrowings under financing agreement	`RepaymentsOfLinesOfCredit`	-	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`	$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 stock exercises	`ProceedsFromStockOptionsExercised`	$9.30M	USD	Annual
Proceeds from stock exercises	`ProceedsFromStockOptionsExercised`	$500.00K	USD	Annual
Proceeds from stock exercises	`ProceedsFromStockOptionsExercised`	$3.60M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.60M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.40M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$649.60M	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`	-	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`	$-15.00M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$15.90M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-300.80M	USD	Annual
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$271.50M	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`	$571.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$286.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$271.50M	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`	$571.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$286.50M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$3.20M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$3.40M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$700.00K	USD	Annual
Cash paid for interest expense on borrowings under financing agreement	`InterestPaidNet`	-	USD	Annual
Cash paid for interest expense on borrowings under financing agreement	`InterestPaidNet`	-	USD	Annual
Cash paid for interest expense on borrowings under financing agreement	`InterestPaidNet`	$300.00K	USD	Annual
Warrants assumed from acquisition of Metromile	`NoncashOrPartNoncashAcquisitionWarrantsAssumed`	-	USD	Annual
Warrants assumed from acquisition of Metromile	`NoncashOrPartNoncashAcquisitionWarrantsAssumed`	$300.00K	USD	Annual
Warrants assumed from acquisition of Metromile	`NoncashOrPartNoncashAcquisitionWarrantsAssumed`	-	USD	Annual

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Issuance costs and underwriting fees	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$22.80M	USD	Annual
Beginning balance (in shares)	`CommonStockSharesOutstanding`	69.28M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	70.16M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$541.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$988.20M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$866.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$708.90M	USD	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$640.30M	USD	Annual
Stock Issued During Period, Value, Acquisitions	`StockIssuedDuringPeriodValueAcquisitions`	$137.70M	USD	Annual
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	103,350.00	shares	Annual
Exercise of stock options and distribution of restricted stock units	`StockIssuedDuringPeriodValueStockOptionsExercised`	$500.00K	USD	Annual
Exercise of stock options and distribution of restricted stock units	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.30M	USD	Annual
Exercise of stock options and distribution of restricted stock units	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.60M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$59.90M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$59.30M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$44.10M	USD	Annual
Net loss	`NetIncomeLoss`	$-297.80M	USD	Annual
Net loss	`NetIncomeLoss`	$-241.30M	USD	Annual
Net loss	`NetIncomeLoss`	$-236.90M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-5.20M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-24.20M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$18.60M	USD	Annual
Ending balance (in shares)	`CommonStockSharesOutstanding`	69.28M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	70.16M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$541.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$988.20M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$866.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$708.90M	USD	Point-in-time

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