LMND Lemonade (LMND) Q1 FY26 earnings call
Lemonade delivered another strong quarter, marked by accelerating growth in in-force premium and revenue, coupled with significant improvements in underwriting performance and profitability metrics. The company reiterated its expectation for Q4 FY26 to be EBITDA positive, driven by AI-powered efficiency and strategic growth investments, despite some headwinds from homeowners non-renewals impacting ADR.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
LMND operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| In-force premium | $1.33BIn the first quarter, in-force premium reached $1.33 billion, growing 32% year-over-year.Source: earnings call transcript | $1.43BIn-force premium reached $1.43 billion, growing about 32.5% year-over-year and extending our streak of accelerating growth to 11 consecutive quarters.Source: earnings call transcript | +7.5% |
| Employees | 1,291Headcount increased slightly by about 2% to 1,291 in Q1 as compared to the prior year.Source: earnings call transcript | 1,339Headcount increased slightly by 65 or about 5% year-over-year to 1,339 in Q2.Source: earnings call transcript | +3.7% |
| LAE ratio | 6%I think one place in particular, you can really see the impact of AI-powered automation at scale is in the cost of adjudicating claims, and that's our LAE ratio, which is currently at 6%, which we consider levels that are roughly -- that are best-in-class today and materially improved over time.Source: earnings call transcript | 5%In the second quarter, we delivered our best ever LAE ratio result of 5%.Source: earnings call transcript | -1 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.