Related Party Transactions

12 Months Ended

Dec. 31, 2023

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

The Company uses the services of a travel agency owned by a relative of one of the Company's key stockholders. The Company incurred travel expenses in the amount of $0.1 million, $0.2 million and $0.1 million for the year ended December 31, 2023, 2022 and 2021, respectively. There were no outstanding amounts due from or to related parties as of December 31, 2023 and 2022.

The Company’s Chief Executive Officer and President, both of whom are also members of the Company’s board of directors, are the two sole members of the board of directors of the Lemonade Foundation. The Company contributed 500,000 shares of common stock with a fair market value of $24.36 per share (see Note 16). There were no outstanding amounts due from or to the Lemonade Foundation as of December 31, 2023 and 2022.