Lemonade, Inc. (LMND)

Lemonade Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	624.5	607.4	627.4	650.3	691.4	6.6
Other Investments	21.3	27.5	45.8	99.8	110.4	-
Total Investments	645.8	634.9	673.2	750.1	801.8	6.6
Cash & Equivalents	377.5	376	264.5	282.5	270.6	570.8
Reinsurance Recoverable	177.8	170.4	138.4	156.8	89.8	49
Other Receivables	346.7	311.7	250.1	209.3	144.9	92.4
Deferred Policy Acquisition Cost	12.6	12.2	8.8	6.9	6.2	3.5
Property, Plant & Equipment	16	31.3	34.8	46	33.6	5.7
Goodwill	19	19	19	19	-	-
Other Intangible Assets	8.8	11.9	21.2	32.2	0.6	0.6
Restricted Cash	8.5	9.7	7	4	-	0.6
Other Current Assets	281.6	263.6	209.4	178.5	160.2	98.8
Other Long-Term Assets	40.3	8.4	6.9	5.4	2.8	0.7
Total Assets	1,935	1,849	1,633	1,691	1,511	828.7
Accounts Payable	2.3	10.7	2.6	1.1	1	1.4
Accrued Expenses	48.9	39.8	25.5	33.3	27.2	16.3
Insurance & Annuity Liabilities	309.8	298.1	262.3	256.2	97.9	46.3
Unearned Premiums	602.2	527.6	412.4	329.8	246.2	146.2
Reinsurance Payable	272.4	246.2	152.8	154.4	121.8	75.1
Current Portion of Leases	-	9	-	-	-	-
Current Income Taxes Payable	1.1	1.5	1.2	0.6	4.7	0.3
Long-Term Debt	123.5	83.4	14.9	-	-	-
Long-Term Leases	20.2	14.8	28.2	35.2	22.3	-
Other Long-Term Liabilities	27.1	24.6	24.5	13.3	1.2	2.1
Total Liabilities	1,408	1,256	924.4	823.9	522.3	287.7
Additional Paid-In Capital	1,928	1,898	1,815	1,754	1,554	859.8
Retained Earnings	-1,405	-1,299	-1,097	-859.7	-561.9	-320.6
Comprehensive Income & Other	4.2	-6.1	-9	-27.6	-3.4	1.8
Total Common Equity	527.1	593.4	708.9	866.8	988.2	541
Shareholders' Equity	527.1	593.4	708.9	866.8	988.2	541
Total Liabilities & Equity	1,935	1,849	1,633	1,691	1,511	828.7
Filing Date Shares Outstanding	73.89	72.82	70.22	69.3	61.69	61.28
Total Common Shares Outstanding	73.82	72.72	70.16	69.28	61.66	56.77
Total Debt	143.7	107.2	43.1	35.2	22.3	-
Net Cash (Debt)	233.8	268.8	221.4	247.3	248.3	570.8
Net Cash Growth	-15.26%	21.41%	-10.47%	-0.40%	-56.50%	111.41%
Net Cash Per Share	3.23	3.78	3.18	3.81	4.06	16.96
Book Value Per Share	7.14	8.16	10.10	12.51	16.03	9.53
Tangible Book Value	499.3	562.5	668.7	815.6	987.6	540.4
Tangible Book Value Per Share	6.76	7.74	9.53	11.77	16.02	9.52
Machinery	-	41.4	32.8	24.4	13	5.9
Leasehold Improvements	-	13.1	13	13.4	4.6	2.2

Updated May 6, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q