Lemonade Q2 FY26 net loss narrows 1% to $43.4 million; revenue rises 79% to $294.4 million

Reuters2026/08/04 13:11

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Lemonade posted a GAAP net loss of USD 43.4 million in the quarter, little changed from a year earlier, as revenue rose 79% to USD 294.4 million.
Net earned premium more than doubled to USD 252 million, while loss and loss adjustment expense climbed 99% to USD 154 million on a reduced reinsurance cession rate.
Gross loss ratio improved 7 percentage points to 60%, while customers increased 23% to 3,308,666 and in force premium rose to USD 1.43 billion.
Hannover Re agreed to provide up to USD 250 million to finance sales and marketing growth, replacing new financing under General Catalyst from Jan. 1, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lemonade Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001691421-26-000055), on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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