Lemonade, Inc. (LMND) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Thank you for joining us and welcome to the Lemonade second quarter 2026 earnings call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again. I will now hand the conference over to the Lemonade team. Please go ahead. Good morning and welcome to Lemonade's second quarter 2026 earnings call. Joining us in our call today, we have Daniel Schreiber, CEO and co-founder, Shai Wininger, president and co-founder, Tim Bixby, chief financial officer, and Nick Stead, SVP finance. A letter to shareholders covering the company's second quarter 2026 financial results is available on our investor relations website at Lemonade.com slash investor. Thank you for joining us. and our more recent filings with the SEC. Our conciliations of our non-GAAP financial measures to the most directly comparable GAAP financial measures are included in our letter to shareholders. Our letter to shareholders also includes information about our key performance indicators, including number of customers, in-force premium, premium per customer, annual dollar retention, gross earned premium, gross loss ratio, gross loss ratio ex-cat, trailing 12-month loss ratio, and net loss ratio. and a definition of each metric, why each is useful to investors and how we use each to monitor and manage our business. With that, I'll turn the call over to Daniel for some opening remarks. Good morning. I'm happy to report on another excellent quarter marked by accelerating growth, strong underwriting performance and continued progress towards profitability. Infor's premium reached $1.43 billion, growing about 32.5% year-over-year and extending a streak of accel...