Related Party Transactions

12 Months Ended

Dec. 31, 2024

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

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 (Note 16), of which 400,000 shares were owned by the Lemonade Foundation as of December 31, 2024 and 2023. There was less than $0.1 million of outstanding amount due from the Lemonade Foundation as of December 31, 2024 and none as of December 31, 2023.