On July 27, 2026, Lemonade, Inc.'s Board approved CFO Tim Bixby's transition to a Class III board member effective January 1, 2027. The company appointed Nick Stead as the new Chief Financial Officer, Principal Financial Officer, and Principal Accounting Officer, also effective January 1, 2027. Material compensation terms for both executives will be disclosed in a subsequent amendment once finalized. Lemonade, Inc. operates in the insurance technology industry, providing digital insurance products.

Lemonade, Inc. reported financial results for the second quarter ended June 30, 2026. Revenue increased 79% year-over-year to $294.4 million, driven by a 32% rise in In Force Premium to $1.43 billion and higher premium retention following a reinsurance transition. Gross profit grew 76% to a record $113.2 million, while Adjusted EBITDA loss narrowed 54% to ($18.7) million. Net loss was ($43.4) million, or ($0.56) per share. The company announced a reinsurance renewal effective July 1 that reduces the quota share cession rate from approximately 20% to 18% and expands catastrophe protection up to $40 million per event. Additionally, Lemonade secured a new synthetic agents financing agreement with Hannover Re providing up to $250 million in capital at a ~9.8% cost of capital. The company provided full-year 2026 guidance projecting In Force Premium between $1.63 billion and $1.64 billion and an Adjusted EBITDA loss between ($51) million and ($47) million, with expectations to achieve positive Adj. EBITDA in Q4 2026. Lemonade operates in the insurance industry, offering renters, homeowners, pet, car, and life insurance products powered by artificial intelligence.

Lemonade, Inc. entered into a New Business Financing Agreement with Hannover Re (Ireland) DAC to secure up to $250 million in outstanding capital for sales and marketing growth efforts from 2027 through 2digit-31, 2028. The financing arrangement involves monthly Growth Periods where Hannover will provide up enough to 80% of Growth Spend, capped at $20 million per Reference Cohort, with repayment based on a percentage of collected premiums plus a premium rate of return. Lemonade, Inc. operates in the insurance industry and provides digital insurance services.