Lemonade, Inc. (LMND)

Lemonade Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	609.7	627.4	650.3	691.4	6.6	5.9
Other Investments	31.1	45.8	99.8	110.4	-	54.7
Total Investments	640.8	673.2	750.1	801.8	6.6	60.6
Cash & Equivalents	329.8	264.5	282.5	270.6	570.8	270
Reinsurance Recoverable	189.9	138.4	156.8	89.8	49	20.3
Other Receivables	297.7	248.4	209.3	144.9	92.4	54.7
Deferred Policy Acquisition Cost	11.9	8.8	6.9	6.2	3.5	1.8
Property, Plant & Equipment	16	34.8	46	33.6	5.7	3.1
Goodwill	19	19	19	-	-	-
Other Intangible Assets	15.8	22.9	32.2	0.6	0.6	0.6
Restricted Cash	8	7	4	-	0.6	0.3
Other Current Assets	254.7	208.3	178.5	160.2	98.8	2.7
Other Long-Term Assets	39.4	8	5.4	2.8	0.7	0.2
Total Assets	1,823	1,633	1,691	1,511	828.7	414.3
Accounts Payable	1	0.6	1.1	1	1.4	0.7
Accrued Expenses	40	27.3	33.3	27.2	16.3	14.7
Insurance & Annuity Liabilities	294.2	262.3	256.2	97.9	46.3	28.2
Unearned Premiums	540.1	412.4	329.8	246.2	146.2	68
Reinsurance Payable	233.1	152	154.4	121.8	75.1	3.9
Current Portion of Leases	-	10.1	-	-	-	-
Current Income Taxes Payable	1.8	1.2	0.6	4.7	0.3	0.5
Long-Term Debt	67.4	14.9	-	-	-	-
Long-Term Leases	21.4	18.1	35.2	22.3	-	-
Other Long-Term Liabilities	31	25.5	13.3	1.2	2.1	0.6
Total Liabilities	1,230	924.4	823.9	522.3	287.7	116.6
Preferred Stock, Convertible	-	-	-	-	-	480.2
Additional Paid-In Capital	1,862	1,815	1,754	1,554	859.8	15.7
Retained Earnings	-1,269	-1,097	-859.7	-561.9	-320.6	-198.3
Comprehensive Income & Other	-0.1	-9	-27.6	-3.4	1.8	0.1
Total Common Equity	593	708.9	866.8	988.2	541	-182.5
Shareholders' Equity	593	708.9	866.8	988.2	541	297.7
Total Liabilities & Equity	1,823	1,633	1,691	1,511	828.7	414.3
Filing Date Shares Outstanding	71.4	70.22	69.3	61.69	61.28	10.76
Total Common Shares Outstanding	71.38	70.16	69.28	61.66	56.77	10.76
Total Debt	88.8	43.1	35.2	22.3	-	-
Net Cash (Debt)	241	221.4	247.3	248.3	570.8	270
Net Cash Growth	24.03%	-10.47%	-0.40%	-56.50%	111.41%	164.19%
Net Cash Per Share	3.42	3.18	3.81	4.06	16.96	24.27
Book Value Per Share	8.31	10.10	12.51	16.03	9.53	-16.96
Tangible Book Value	558.2	667	815.6	987.6	540.4	-183.1
Tangible Book Value Per Share	7.82	9.51	11.77	16.02	9.52	-17.02
Machinery	-	32.8	24.4	13	5.9	2.6
Leasehold Improvements	-	13	13.4	4.6	2.2	1.2

Source: S&P Capital IQ. Insurance template. Financial Sources.