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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	681.8	607.4	627.4	650.3	691.4	6.6
Other Investments	23.5	27.5	45.8	99.8	110.4	-
Total Investments	705.3	634.9	673.2	750.1	801.8	6.6
Cash & Equivalents	345.9	376	264.5	282.5	270.6	570.8
Reinsurance Recoverable	167.7	170.4	138.4	156.8	89.8	49
Other Receivables	395.3	311.7	250.1	209.3	144.9	92.4
Deferred Policy Acquisition Cost	13.5	12.2	8.8	6.9	6.2	3.5
Property, Plant & Equipment	15.3	31.3	34.8	46	33.6	5.7
Goodwill	19	19	19	19	-	-
Other Intangible Assets	8.1	11.9	21.2	32.2	0.6	0.6
Restricted Cash	9.6	9.7	7	4	-	0.6
Other Current Assets	203.4	263.6	209.4	178.5	160.2	98.8
Other Long-Term Assets	35.7	8.4	6.9	5.4	2.8	0.7
Total Assets	1,919	1,849	1,633	1,691	1,511	828.7
Accounts Payable	5.1	4.5	0.6	1.1	1	1.4
Accrued Expenses	52.9	46	27.5	33.3	27.2	16.3
Insurance & Annuity Liabilities	312.1	298.1	262.3	256.2	97.9	46.3
Unearned Premiums	629.4	527.6	412.4	329.8	246.2	146.2
Reinsurance Payable	224.4	246.2	152.8	154.4	121.8	75.1
Current Portion of Leases	-	9	-	-	-	-
Current Income Taxes Payable	0.4	1.5	1.2	0.6	4.7	0.3
Long-Term Debt	139	83.4	14.9	-	-	-
Long-Term Leases	12.7	14.8	28.2	35.2	22.3	-
Other Long-Term Liabilities	26.6	24.6	24.5	13.3	1.2	2.1
Total Liabilities	1,403	1,256	924.4	823.9	522.3	287.7
Additional Paid-In Capital	1,954	1,898	1,815	1,754	1,554	859.8
Retained Earnings	-1,443	-1,299	-1,097	-859.7	-561.9	-320.6
Comprehensive Income & Other	5.2	-6.1	-9	-27.6	-3.4	1.8
Total Common Equity	516.2	593.4	708.9	866.8	988.2	541
Shareholders' Equity	516.2	593.4	708.9	866.8	988.2	541
Total Liabilities & Equity	1,919	1,849	1,633	1,691	1,511	828.7
Filing Date Shares Outstanding	74.73	72.82	70.22	69.3	61.69	61.28
Total Common Shares Outstanding	74.67	72.72	70.16	69.28	61.66	56.77
Total Debt	151.7	107.2	43.1	35.2	22.3	-
Net Cash (Debt)	194.2	268.8	221.4	247.3	248.3	570.8
Net Cash Growth	-19.42%	21.41%	-10.47%	-0.40%	-56.50%	111.41%
Net Cash Per Share	2.66	3.78	3.18	3.81	4.06	16.96
Book Value Per Share	6.91	8.16	10.10	12.51	16.03	9.53
Tangible Book Value	489.1	562.5	668.7	815.6	987.6	540.4
Tangible Book Value Per Share	6.55	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 Nov 5, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q