Lemonade reports Q2 2026 results: 32% IFP growth, $113M gross profit, narrows Adj. EBITDA loss 54%

Filed July 29, 2026 · Period ending July 29, 2026 · ~2 min read

Key Changes

• high

  In Force Premium reached $1.43B (up 32.4% YoY, 11th consecutive quarter of acceleration); revenue grew 79% to $294M; gross profit hit record $113M (up 76%); Adj. EBITDA loss narrowed to $19M from $41M prior year (54% improvement).

  Exhibit 99.1 view on EDGAR →
• high

  Renewed reinsurance program effective July 1 reduces quota share cession from ~20% to ~18%, expands catastrophe protection to up to $40M per event ($100M aggregate), and adds named storm coverage previously excluded.

  Exhibit 99.1 view on EDGAR →
• high

  Loss adjustment expense ratio improved to record low 5% (down from 13% when IFP crossed $1B), roughly half the ~9% industry average, reflecting AI and automation gains in claims handling.

  Exhibit 99.1 view on EDGAR →