NYSE$LMND
Lemonade Inc. · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Lemonade expanded its product offerings, grew its customer base, and improved its economics.
Lemonade's Q4 2020 results showed significant growth in in force premium, customers, and premium per customer. The company expanded its product offerings and geographic presence, while also improving marketing efficiency. Lemonade concluded the year with over one million customers and a 20% increase in premium per customer.
- In force premium increased by 87% year-on-year to $213 million.
- Customer count increased by 56% year-on-year, reaching over one million customers.
- Premium per customer increased by 20% year-on-year to $213.
- Gross earned premium increased by 92% year-on-year to $50 million.
Headline financials
Revenue & EPS history
Lemonade · Revenue · Quarterly
$20.5M
Forward guidance
For Q1 2021, Lemonade expects in force premium between $241.0 - $246.0 million, gross earned premium between $53.5 - $54.5 million, revenue between $21.5 - $22.5 million, and adjusted EBITDA loss between $(43.0) - $(40.0) million. For the full year 2021, Lemonade expects in force premium between $372 - $378 million, gross earned premium between $270 - $275 million, revenue between $114 - $117 million, and adjusted EBITDA loss between $(173) - $(163) million.
Tailwinds
- Expected growth in in force premium.
- Anticipated increase in gross earned premium.
- Projected revenue growth.
- Focus on improving operating efficiency.
- Continued expansion of product offerings.
Headwinds
- Expected adjusted EBITDA loss.
- Potential impact from winter storms in Texas.
- Uncertainty regarding the lasting impacts of COVID-19.
- Intense competition in the insurance industry.
- Dependence on reinsurance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2020
+0.8%
Avg return
Earnings day
+3.7%
Avg return
5 days after
+10.5%
Avg return
30 days after
44%
11 / 25 earnings
Positive
+57.5%
Q3 2023
Best reaction
-25.2%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.7% | -13.6% | -11.5% | |
| Q4 2025 | -6.1% | -20.6% | -2.4% | |
| Q3 2025 | +34.3% | +34.5% | +34.6% | |
| Q1 2025 | +0.8% | +3.6% | +19.2% | |
| Q4 2024 | +12.6% | +18.5% | +3.1% | |
| Q3 2024 | +28.8% | +33.6% | +176.3% | |
| Q2 2024 | -23.6% | -26.6% | -18.1% | |
| Q1 2024 | +3.0% | +4.1% | -4.2% | |
| Q4 2023 | -25.2% | -20.6% | -24.4% | |
| Q3 2023 | +57.5% | +53.1% | +66.4% | |
| Q2 2023 | -22.4% | -26.8% | -36.3% | |
| Q1 2023 | +32.0% | +47.8% | +64.1% | |
| Q4 2022 | -2.9% | -0.7% | -21.1% | |
| Q3 2022 | +11.2% | +13.7% | -7.3% | |
| Q2 2022 | +14.1% | +27.5% | -3.2% | |
| Q1 2022 | -6.7% | +13.7% | +3.5% | |
| Q4 2021 | +2.3% | +5.8% | +12.7% | |
| Q3 2021 | -10.8% | -9.3% | -34.0% | |
| Q2 2021 | -10.0% | -7.6% | -14.0% | |
| Q1 2021 | -12.4% | -1.9% | +43.8% | |
| Q1 2020 | -12.4% | -1.9% | +43.8% | |
| Q4 2020 | -22.2% | -29.8% | -27.8% | |
| Q3 2020 | -15.0% | -1.0% | +38.9% | |
| Q2 2020 | -5.6% | -2.0% | -20.1% | |
| Q4 2019 | -5.6% | -2.0% | -20.1% | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro