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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income
Beginning balance (shares) at Dec. 31, 2019 31,557,107        
Beginning balance at Dec. 31, 2019 $ 480.2        
Ending balance (shares) at Mar. 31, 2020 31,557,107        
Ending balance at Mar. 31, 2020 $ 480.2        
Beginning balance (shares) at Dec. 31, 2019   11,271,228      
Beginning balance at Dec. 31, 2019 (182.5) $ 0.0 $ 15.7 $ (198.3) $ 0.1
Increase (Decrease) in Stockholders' Deficit [Roll Forward]          
Exercise of stock options (shares)   54,374      
Stock-based compensation 2.2   2.2    
Contribution to the Lemonade Foundation (shares)   500,000      
Contribution to the Lemonade Foundation 12.2   12.2    
Net loss (36.5)     (36.5)  
Ending balance (shares) at Mar. 31, 2020   11,825,602      
Ending balance at Mar. 31, 2020 $ (204.6) $ 0.0 30.1 (234.8) 0.1
Beginning balance (shares) at Dec. 31, 2019 31,557,107        
Beginning balance at Dec. 31, 2019 $ 480.2        
Ending balance (shares) at Sep. 30, 2020 0        
Ending balance at Sep. 30, 2020 $ 0.0        
Beginning balance (shares) at Dec. 31, 2019   11,271,228      
Beginning balance at Dec. 31, 2019 (182.5) $ 0.0 15.7 (198.3) 0.1
Increase (Decrease) in Stockholders' Deficit [Roll Forward]          
Net loss (88.4)        
Ending balance (shares) at Sep. 30, 2020   56,584,029      
Ending balance at Sep. 30, 2020 $ 569.0 $ 0.0 855.0 (286.7) 0.7
Beginning balance (shares) at Mar. 31, 2020 31,557,107        
Beginning balance at Mar. 31, 2020 $ 480.2        
Ending balance (shares) at Jun. 30, 2020 31,557,107        
Ending balance at Jun. 30, 2020 $ 480.2        
Beginning balance (shares) at Mar. 31, 2020   11,825,602      
Beginning balance at Mar. 31, 2020 (204.6) $ 0.0 30.1 (234.8) 0.1
Increase (Decrease) in Stockholders' Deficit [Roll Forward]          
Exercise of stock options (shares)   30,562      
Exercise of stock options 0.1   0.1    
Stock-based compensation $ 2.4   2.4    
Release of shares upon repayment (shares) 513,537        
Release of shares upon repayment $ 1.3   1.3    
Net loss (21.0)     (21.0)  
Other comprehensive income 0.2       0.2
Ending balance (shares) at Jun. 30, 2020   12,369,701      
Ending balance at Jun. 30, 2020 $ (221.6) $ 0.0 33.9 (255.8) 0.3
Convertible Preferred Stock          
Conversion of convertible preferred stock to common stock upon closing of Initial Public Offering (IPO) (shares) (31,557,107)        
Conversion of convertible preferred stock to common stock upon closing of Initial Public Offering (IPO) $ (480.2)        
Ending balance (shares) at Sep. 30, 2020 0        
Ending balance at Sep. 30, 2020 $ 0.0        
Increase (Decrease) in Stockholders' Deficit [Roll Forward]          
Conversion of Convertible Preferred Stock to common stock upon closing of initial public offering (shares) 31,557,107        
Conversion of Convertible Preferred Stock to common stock upon closing of initial public offering $ 480.2   480.2    
Issuance of common stock (shares)   12,650,000      
Issuance of common stock 338.0   338.0    
Exercise of stock options (shares)   7,221      
Exercise of stock options 0.2   0.2    
Stock-based compensation 2.7   2.7    
Net loss (30.9)     (30.9)  
Other comprehensive income 0.4       0.4
Ending balance (shares) at Sep. 30, 2020   56,584,029      
Ending balance at Sep. 30, 2020 $ 569.0 $ 0.0 855.0 (286.7) 0.7
Beginning balance (shares) at Dec. 31, 2020 0        
Beginning balance at Dec. 31, 2020 $ 0.0        
Ending balance (shares) at Mar. 31, 2021 0        
Ending balance at Mar. 31, 2021 $ 0.0        
Beginning balance (shares) at Dec. 31, 2020 56,774,294 56,774,294      
Beginning balance at Dec. 31, 2020 $ 541.0 $ 0.0 859.8 (320.6) 1.8
Increase (Decrease) in Stockholders' Deficit [Roll Forward]          
Issuance of common stock (shares)   4,018,647      
Issuance of common stock 640.3   640.3    
Exercise of stock options (shares)   577,162      
Exercise of stock options 6.1   6.1    
Stock-based compensation 6.1   6.1    
Net loss (49.0)     (49.0)  
Other comprehensive income (0.8)       (0.8)
Ending balance (shares) at Mar. 31, 2021   61,370,103      
Ending balance at Mar. 31, 2021 $ 1,143.7 $ 0.0 1,512.3 (369.6) 1.0
Beginning balance (shares) at Dec. 31, 2020 0        
Beginning balance at Dec. 31, 2020 $ 0.0        
Ending balance (shares) at Sep. 30, 2021 0        
Ending balance at Sep. 30, 2021 $ 0.0        
Beginning balance (shares) at Dec. 31, 2020 56,774,294 56,774,294      
Beginning balance at Dec. 31, 2020 $ 541.0 $ 0.0 859.8 (320.6) 1.8
Increase (Decrease) in Stockholders' Deficit [Roll Forward]          
Exercise of stock options (shares) 810,575        
Net loss $ (171.0)        
Ending balance (shares) at Sep. 30, 2021 61,615,624 61,615,624      
Ending balance at Sep. 30, 2021 $ 1,048.0 $ 0.0 1,539.5 (491.6) 0.1
Beginning balance (shares) at Mar. 31, 2021 0        
Beginning balance at Mar. 31, 2021 $ 0.0        
Ending balance (shares) at Jun. 30, 2021 0        
Ending balance at Jun. 30, 2021 $ 0.0        
Beginning balance (shares) at Mar. 31, 2021   61,370,103      
Beginning balance at Mar. 31, 2021 1,143.7 $ 0.0 1,512.3 (369.6) 1.0
Increase (Decrease) in Stockholders' Deficit [Roll Forward]          
Exercise of stock options (shares)   162,024      
Exercise of stock options 1.7   1.7    
Stock-based compensation 11.9   11.9    
Net loss (55.6)     (55.6)  
Other comprehensive income (0.1)       (0.1)
Ending balance (shares) at Jun. 30, 2021   61,532,127      
Ending balance at Jun. 30, 2021 $ 1,101.6 $ 0.0 1,525.9 (425.2) 0.9
Ending balance (shares) at Sep. 30, 2021 0        
Ending balance at Sep. 30, 2021 $ 0.0        
Increase (Decrease) in Stockholders' Deficit [Roll Forward]          
Exercise of stock options (shares)   83,497      
Exercise of stock options 0.9   0.9    
Stock-based compensation 12.7   12.7    
Net loss (66.4)     (66.4)  
Other comprehensive income $ (0.8)       (0.8)
Ending balance (shares) at Sep. 30, 2021 61,615,624 61,615,624      
Ending balance at Sep. 30, 2021 $ 1,048.0 $ 0.0 $ 1,539.5 $ (491.6) $ 0.1