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Unpaid Loss and Loss Adjustment Expense (Tables)
 12 Months Ended
Dec. 31, 2025
Insurance [Abstract]  
Schedule of Activity in the liability for unpaid loss and LAE
The following table presents the activities in the liability for unpaid loss and loss adjustment expense (“LAE”) as of December 31, 2025, 2024 and 2023 ($ in millions):
December 31,
2025 20242023
Unpaid loss and LAE as of January 1$298.1 $262.3 $256.2 
Less: Reinsurance recoverable(1)
149.5 120.2 124.6 
Net unpaid loss and LAE as of January 1148.6 142.1 131.6 
Add: Incurred losses and LAE, net of reinsurance, related to:
Current year377.4 287.0 286.2 
Prior years(30.4)(10.0)(5.8)
Total incurred347.0 277.0 280.4 
Deduct: Paid losses and LAE, net of reinsurance, related to:
Current year252.2 195.4 189.4 
Prior years74.1 74.9 80.5 
Total paid326.3 270.3 269.9 
Unpaid loss and LAE, net of reinsurance recoverable, as of December 31
169.3 148.6 142.1 
Reinsurance recoverable as of December 31(1)
133.8 149.5 120.2 
Unpaid loss and LAE, gross of reinsurance recoverable, as of December 31$303.1 $298.1 $262.3 
(1) Reinsurance recoverable in this table includes only ceded unpaid loss and LAE.
Schedule of Claims development information - incurred and paid losses
The following table presents incurred loss and ALAE, net of reinsurance, as well as IBNR loss reserves, net of reinsurance, and the number of reported claims ($ in millions, except for number of claims):
        December 31, 2025
         Cumulative
Number of
Reported Claims
Accident YearDecember 31, 
201620172018 2019 2020 2021 202220232024
2025
IBNR (2)
(unaudited)(unaudited)(unaudited) (unaudited) (unaudited) (unaudited) (unaudited)(unaudited)(unaudited)  
2016 (1)
$— $— $— $— $— $— $— $— $— $— $— 8 
2017— 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.6 1.7 — 1,759 
2018— — 15.0 13.5 13.4 13.4 13.4 13.4 13.4 13.4 — 10,534 
2019— — — 46.0 46.1 46.3 46.3 46.1 46.2 46.2 — 19,512 
2020— — — — 53.0 51.5 51.5 52.4 52.4 52.6 — 30,372 
2021— — — — — 59.4 55.9 58.4 58.6 58.6 0.2 53,560 
2022— — — — — — 96.5 92.6 93.8 94.0 1.4 56,105 
2023— — — — — — — 143.2 136.5 133.6 3.0 60,868 
2024— — — — — — — — 154.7 138.9 9.0 68,389 
2025— — — — — — — — — 179.3 51.0 68,526 
Total incurred losses and ALAE, net$718.3 $64.6 369,633 

(1)        Amounts in accident year 2016 for the years ended December 31, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024 and 2025 were less than $0.1 million, respectively.
(2)    IBNR, net of reinsurance as of December 31, 2025 for accident years 2016, 2017, 2018, 2019, and 2020 was less than $0.1 million.
The following table presents cumulative paid loss and ALAE, net of reinsurance ($ in millions):

Accident YearDecember 31,
201620172018 2019 2020 2021202220232024
2025
(unaudited)(unaudited)(unaudited) (unaudited) (unaudited) (unaudited)(unaudited)(unaudited)(unaudited)
2016 (1)
$— $— $— $— $— $— $— $— $— $— 
2017— 1.6 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.8 
2018— — 13.2 13.3 13.4 13.4 13.4 13.4 13.4 13.4 
2019— — — 36.4 46.1 46.3 46.3 46.2 46.2 46.2 
2020— — — — 43.1 50.2 51.3 52.0 52.1 52.5 
2021— — — — — 37.8 53.4 56.7 57.8 58.2 
2022— — — — — — 52.7 85.5 90.7 92.7 
2023— — — — — — — 88.9 122.3 128.3 
2024— — — — — — — — 89.1 123.6 
2025— — — — — — — — — 96.2 
Total paid losses and ALAE, net$612.9 
Total unpaid loss and ALAE reserves, net$105.4 
Ceded unpaid loss and ALAE88.1 
Gross unpaid loss and ALAE$193.5 

(1)    Cumulative paid loss and ALAE, net of reinsurance related to accident year 2016 was less than $0.1 million during the years ended December 31, 2016, 2017, 2018, 2019, 2020, 2021 , 2022, 2023, 2024, and 2025, respectively.
The following table presents incurred loss and ALAE, net of reinsurance, as well as IBNR loss reserves, net of reinsurance, and the number of reported claims ($ in millions, except for number of claims):
     December 31, 2025
      Cumulative
Number of
Reported Claims
December 31,  
Accident Year 2020 202120222023 2024
2025
IBNR
 (unaudited) (unaudited)(unaudited)(unaudited) (unaudited)  
2020$0.7 $0.6 $1.0 $0.6 $0.7 $0.7 $— 20,922
2021— 10.0 9.7 9.5 9.5 9.5 — 197,014
2022— — 27.4 25.3 25.2 25.1 — 375,674
2023— — — 51.9 48.9 49.0 — 510,111
2024— — — — 72.3 71.8 — 697,403
2025— — — — — 129.7 6.2 963,770
Total incurred losses and ALAE, net$285.8 $6.2 2,764,894
The following table presents cumulative paid loss and ALAE, net of reinsurance ($ in millions):

December 31,
Accident Year 20202021 202220232024
2025
 (unaudited)(unaudited) (unaudited)(unaudited)(unaudited)
2020$0.4 $0.6 $0.7 $0.7 $0.7 $0.7 
2021— 7.6 9.4 9.5 9.5 9.5 
2022— — 21.8 25.1 25.1 25.1 
2023— — — 45.8 48.9 49.0 
2024— — — — 67.6 71.8 
2025— — — — — 118.9 
Total paid losses and ALAE, net$275.0 
Total unpaid loss and ALAE reserves, net$10.8 
Ceded unpaid loss and ALAE6.6 
Gross unpaid loss and ALAE$17.4 
The following table presents incurred loss and ALAE, net of reinsurance, as well as IBNR loss reserves, net of reinsurance, and the number of reported claims ($ in millions, except for number of claims):

     December 31, 2025
      Cumulative
Number of
Reported Claims
Accident YearDecember 31,  
 20162017201820192020 20212022 20232024
2025
IBNR
 (unaudited)(unaudited)(unaudited)(unaudited)(unaudited) (unaudited)(unaudited) (unaudited)(unaudited)  
2016 (1)
$1.6 $2.0 $1.7 $1.7 $1.7 $1.8 $2.0 $3.4 $3.3 $3.3 $— 1,628 
2017— 28.6 30.0 30.2 31.4 32.3 32.5 38.0 38.1 38.3 — 29,056 
2018— — 31.4 29.7 31.9 31.8 33.9 38.6 42.1 41.8 — 44,104 
2019— — — 24.2 24.9 23.2 24.6 33.2 31.6 31.3 0.2 51,136 
2020— — — — 10.8 12.0 11.8 16.7 15.4 14.8 0.3 37,326 
2021— — — — — 75.3 75.3 86.8 84.7 82.9 0.8 43,119 
2022— — — — — — 83.1 92.0 92.3 89.5 3.1 46,802 
2023 (2)
— — — — — — — 79.1 81.1 65.5 3.4 39,211 
2024 (2)
— — — — — — — — 51.2 60.5 8.6 28,193 
2025 (2)
— — — — — — — — — 63.1 24.1 25,923 
Total incurred losses and ALAE, net$491.0 $40.5 346,498 
(1) Table above retrospectively includes Metromile's historical incurred accident year claim information for periods presented.
(2) Includes Lemonade Re SPC incurred accident year claim information.
The following table presents cumulative paid loss and ALAE, net of reinsurance ($ in millions):

December 31,
Accident Year201620172018 20192020 2021202220232024
2025
(unaudited)(unaudited)(unaudited) (unaudited)(unaudited) (unaudited)(unaudited)(unaudited)(unaudited)
2016$0.2 $1.2 $1.5 $1.6 $1.6 $1.7 $1.9 $2.2 $3.3 $3.3 
2017— 17.3 24.3 28.1 30.1 30.8 31.7 24.6 38.3 38.3 
2018— — 16.8 24.4 28.2 27.6 30.2 25.1 41.7 41.8 
2019— — — 13.5 18.7 14.5 18.8 22.3 30.7 31.0 
2020— — — — 5.2 (0.9)5.6 15.0 14.0 14.4 
2021— — — — — 38.4 58.9 77.1 80.2 81.5 
2022— — — — — — 45.4 74.0 81.4 85.7 
2023 (3)
— — — — — — — 43.2 58.4 60.3 
2024 (3)
— — — — — — — — 31.8 49.9 
2025 (3)
— — — — — — — — — 31.7 
Total paid losses and ALAE, net$437.9 
Total unpaid loss and ALAE reserves, net (2)
$53.1 
Ceded unpaid loss and ALAE$39.1 
Gross unpaid loss and ALAE$92.2 
(1) Table above retrospectively includes Metromile's historical paid accident year claim information for periods presented.
(2) Includes the fair value adjustment on insurance contract intangible liability of $0.2 million.
(3) Includes Lemonade Re SPC paid accident year claim information.
Schedule of Historical claims duration
Average annual percentage payout of accident year incurred claims by age, net of reinsurance (unaudited supplementary information)
Year 1 Year 2 Year 3
Home and renters74 %18 %8 %
Average annual percentage payout of accident year incurred claims by age, net of reinsurance (unaudited supplementary information)
Year 1 Year 2 Year 3
Pet98 %2 %— %
Average annual percentage payout of accident year incurred claims by age, net of reinsurance (unaudited supplementary information)
Year 1 Year 2 Year 3
Car54 %25 %21 %
Schedule of Reconciliation of net incurred and paid loss information in the loss reserve rollforward and development tables
The reconciliation of the net incurred and paid loss information in the loss reserve rollforward table and development tables with respect to the current accident year is as follows ($ in millions):
December 31, 2025
Unpaid Loss and ALAE, net
Home and renters$105.4 
Pet10.8 
Car53.1 
169.3 
Reinsurance recoverable on Unpaid Loss and ALAE, net
Home and renters88.1 
Pet6.6 
Car39.1 
133.8 
Unallocated LAE— 
Gross Unpaid Loss and Loss Adjustment Expenses$303.1