Lemonade’s Q1 results are 🔥. So much to share, where do I start?
First, get into the AI mood, click this, volume ⏫
open.spotify.com/track/20HCH… (by
@kidfrancescoli)
🚀10th consecutive quarter of accelerating IFP growth
🔥 Topline at $1.33 Billion (IFP 32%)
🔥 Revenue grew 71% to $258M
🔥 Gross Profit increased 159% to $100M
🔥 3.14M Customers
🔥 Adj. Free Cash Flow $17M
Lemonade Pet exploding!
✅ Surpassed $500M top line early in Q2
✅ #1 most searched pet insurance brand in the U.S.
✅
@lemonade_inc is now the 4th largest pet carrier in the U.S.
✅ AI-powered automation drives record claim handling efficiency (LAE: ~4%)
✅ Our data tech edge lets us lower prices while boosting profitability
Car picking up speed
✅ Now at 60% YoY growth, $214M IFP
✅ Loss ratio improved to 74% (14 pts better YoY)
✅ Autonomous Car for
@Tesla FSD conversion rate 70% higher than standard
And more...
↗️ Raising 2026 top & bottom line guidance
↗️ IFP per employee > $1M (3x improvement in 4 years)
↗️ Positive Adj. EBITDA in Q4
↗️ Investor Day in NYC November 17