Lemonade Q2 Revenue Jumps 79% to $294.4M; Net Loss Narrows to $(43.4)M

Lemonade reported a significant increase in total revenue for Q2 2026, rising 79.4% year-over-year to $294.4 million, driven by a 124% surge in net earned premium to $252.0 million. The company's net loss narrowed slightly to $(43.4) million from $(43.9) million in the prior year quarter, with net loss per share improving to $(0.56). For the six months ended June 30, 2026, net cash used in operating activities significantly improved to $(4.0) million from $(41.7) million. The company also renewed its Whole Account Quota Share Reinsurance Contracts with a reduced cession rate and adjusted limits, while making other changes to its reinsurance structure.