Lemonade Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	751.3	722.9	634.9	673.2	750.1	801.8
Other Investments	19.5	14.1	27.5	45.8	99.8	110.4
Total Investments	751.3	722.9	634.9	673.2	750.1	801.8
Cash & Equivalents	386.5	396.8	385.7	271.5	286.5	270.6
Reinsurance Contract Assets	269.4	301.3	424	334.7	321.3	239.4
Deferred Acquisition Costs	14.2	12.1	12.2	8.8	6.9	6.2
Other Receivables	449.1	402.3	301.2	222	179.6	127
Net Property, Plant & Equipment	16.7	15.8	16.1	17.4	19.6	11.7
Other Intangible Assets	8.1	8.1	13.6	22.9	32.5	0.6
Goodwill	19	19	19	19	19	-
Other Assets	43.6	47.4	42.4	63.8	75.2	53.2
Total Assets	1,958	1,926	1,849	1,633	1,691	1,511
Unearned Premiums	614.2	577	455	353.7	288	207.7
Claims Reserves	308.8	303.1	298.1	262.3	256.2	97.9
Reinsurance Contract Liabilities	206	231.6	309	193.4	194.1	158.3
Accounts Payable	2.4	0.5	4.5	0.6	1.1	1
Total Debt	179.6	158.1	83.4	14.9	-	-
Other Liabilities	128.9	121.8	105.7	99.5	84.5	57.4
Total Liabilities	1,440	1,392	1,256	924.4	823.9	522.3
Additional Paid-in Capital	2,017	1,992	1,898	1,815	1,754	1,554
Accumulated Other Comprehensive Income	0.7	6.4	-6.1	-9	-27.6	-3.4
Retained Earnings	-1,500	-1,464	-1,299	-1,097	-859.7	-561.9
Shareholders' Equity	518	533.6	593.4	708.9	866.8	988.2
Total Liabilities & Equity	1,958	1,926	1,849	1,633	1,691	1,511
Book Value	518	533.6	593.4	708.9	866.8	988.2
Book Value Per Share	6.93	7.22	8.36	10.18	13.35	16.14
Tangible Book Value	490.9	506.5	560.8	667	815.3	987.6
Tangible Book Value Per Share	6.56	6.85	7.90	9.58	12.56	16.13

Updated Apr 30, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q