Lemonade Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Debt Securities	722.9	634.9	673.2	750.1	801.8
Other Investments	14.1	27.5	45.8	99.8	110.4
Total Investments	722.9	634.9	673.2	750.1	801.8
Cash & Equivalents	396.8	385.7	271.5	286.5	270.6
Reinsurance Contract Assets	301.3	424	334.7	321.3	239.4
Deferred Acquisition Costs	12.1	12.2	8.8	6.9	6.2
Other Receivables	402.3	301.2	222	179.6	127
Net Property, Plant & Equipment	15.8	16.1	17.4	19.6	11.7
Other Intangible Assets	8.1	13.6	22.9	32.5	0.6
Goodwill	19	19	19	19	-
Other Assets	47.4	42.4	63.8	75.2	53.2
Total Assets	1,926	1,849	1,633	1,691	1,511
Unearned Premiums	577	455	353.7	288	207.7
Claims Reserves	303.1	298.1	262.3	256.2	97.9
Reinsurance Contract Liabilities	231.6	309	193.4	194.1	158.3
Accounts Payable	0.5	4.5	0.6	1.1	1
Total Debt	158.1	83.4	14.9	-	-
Other Liabilities	121.8	105.7	99.5	84.5	57.4
Total Liabilities	1,392	1,256	924.4	823.9	522.3
Additional Paid-in Capital	1,992	1,898	1,815	1,754	1,554
Accumulated Other Comprehensive Income	6.4	-6.1	-9	-27.6	-3.4
Retained Earnings	-1,464	-1,299	-1,097	-859.7	-561.9
Shareholders' Equity	533.6	593.4	708.9	866.8	988.2
Total Liabilities & Equity	1,926	1,849	1,633	1,691	1,511
Book Value	533.6	593.4	708.9	866.8	988.2
Book Value Per Share	7.22	8.36	10.18	13.35	16.14
Tangible Book Value	506.5	560.8	667	815.3	987.6
Tangible Book Value Per Share	6.85	7.90	9.58	12.56	16.13

Updated Feb 19, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q