Lemonade reports Q3 2026 results

Lemonade released its Q3 2026 results, ending the quarter with 3,520,555 customers, a 23% year-over-year increase. The company added ~212k customers to its overall count during the quarter.

In-force premium was $1.55 billion, an increase of 34% compared to the same period last year. Looking at the IFP breakdown, pet insurance is now the largest line.

Premium per customer stood at $440, 9% higher compared to Q3 2025.

The company spent $83 million on sales and marketing during the quarter compared to $57 million in Q3 2025.

Lemonade reported a net loss of $44 million in the quarter, compared to $37.5 million in Q3 2025.

The company’s cash, cash equivalents, and investments totaled ~$1.2 billion at September 30, 2026. $350 million is required to be held as regulatory surplus at Lemonade’s insurance subsidiaries.