LMND Stock Income Statements
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Quarterly Income Statements
Quarterly
|
Annual
Unit: USD | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | |||||||||||||||
net earned premium | 83,900,000 | 86,600,000 | 76,500,000 | 68,200,000 | 63,200,000 | 50,600,000 | 31,200,000 | 27,400,000 | 25,400,000 | 21,500,000 | 16,300,000 | 13,800,000 | 12,300,000 | 10,500,000 | 29,200,000 |
ceding commission income | 18,400,000 | 16,700,000 | 17,500,000 | 17,200,000 | 17,700,000 | 16,900,000 | 15,500,000 | 14,000,000 | 13,000,000 | 12,300,000 | 10,600,000 | 9,000,000 | 7,900,000 | 7,000,000 | 400,000 |
net investment income | 7,100,000 | 7,000,000 | 5,600,000 | 5,000,000 | 3,700,000 | 2,600,000 | 1,200,000 | 900,000 | 900,000 | 600,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 |
commission and other income | 6,100,000 | 4,200,000 | 5,000,000 | 4,800,000 | 3,800,000 | 3,900,000 | 2,100,000 | 2,000,000 | 1,700,000 | 1,300,000 | 1,100,000 | 500,000 | 100,000 | 100,000 | |
total revenue | 115,500,000 | 114,500,000 | 104,600,000 | 95,200,000 | 88,400,000 | 74,000,000 | 50,000,000 | 44,300,000 | 41,000,000 | 35,700,000 | 28,200,000 | 23,500,000 | 20,500,000 | 17,800,000 | 29,900,000 |
yoy | 30.66% | 54.73% | 109.20% | 114.90% | 115.61% | 107.28% | 77.30% | 88.51% | 100.00% | 100.56% | -5.69% | ||||
qoq | 0.87% | 9.46% | 9.87% | 7.69% | 19.46% | 48.00% | 12.87% | 8.05% | 14.85% | 26.60% | 20.00% | 14.63% | 15.17% | -40.47% | |
expense | |||||||||||||||
loss and loss adjustment expense | 65,000,000 | 75,900,000 | 75,900,000 | 63,600,000 | 61,500,000 | 53,300,000 | 28,100,000 | 24,400,000 | 24,900,000 | 17,500,000 | 13,000,000 | 16,500,000 | 9,300,000 | 6,700,000 | 20,500,000 |
other insurance expense | 15,500,000 | 15,100,000 | 15,000,000 | 13,600,000 | 13,100,000 | 12,100,000 | 9,700,000 | 9,100,000 | 7,800,000 | 6,300,000 | 5,200,000 | 4,800,000 | 3,600,000 | 3,500,000 | 4,000,000 |
sales and marketing | 24,500,000 | 24,400,000 | 24,800,000 | 28,200,000 | 27,200,000 | 35,800,000 | 37,000,000 | 38,300,000 | 37,200,000 | 42,200,000 | 33,100,000 | 29,100,000 | 22,900,000 | 22,200,000 | 16,100,000 |
technology development | 21,100,000 | 21,800,000 | 24,100,000 | 21,800,000 | 23,500,000 | 21,400,000 | 17,800,000 | 16,900,000 | 16,400,000 | 14,300,000 | 14,000,000 | 7,100,000 | 6,400,000 | 5,300,000 | 4,200,000 |
general and administrative | 29,000,000 | 36,900,000 | 30,700,000 | 32,700,000 | 31,200,000 | 40,500,000 | 22,400,000 | 28,200,000 | 23,100,000 | 19,600,000 | 15,800,000 | 14,100,000 | 11,700,000 | 10,600,000 | 5,800,000 |
total expense | 155,100,000 | 174,100,000 | 170,500,000 | 159,900,000 | 156,500,000 | 163,100,000 | 115,000,000 | 116,900,000 | 109,400,000 | 99,900,000 | 81,100,000 | 71,600,000 | 53,900,000 | 48,300,000 | 50,600,000 |
income before income taxes | -39,600,000 | -59,600,000 | -65,900,000 | -64,700,000 | -68,100,000 | -89,100,000 | -65,000,000 | -72,600,000 | -68,400,000 | -64,200,000 | -52,900,000 | -48,100,000 | -33,400,000 | -30,500,000 | -20,700,000 |
yoy | -41.85% | -33.11% | 1.38% | -10.88% | -0.44% | 38.79% | 22.87% | 50.94% | 104.79% | 110.49% | 155.56% | ||||
qoq | -33.56% | -9.56% | 1.85% | -4.99% | -23.57% | 37.08% | -10.47% | 6.14% | 6.54% | 21.36% | 9.98% | 44.01% | 9.51% | 47.34% | |
income tax expense | 2,800,000 | 1,900,000 | 1,300,000 | 1,100,000 | -4,400,000 | 2,300,000 | 2,900,000 | 2,200,000 | 1,900,000 | 2,200,000 | 2,700,000 | 900,000 | 500,000 | 400,000 | 300,000 |
net income | -42,400,000 | -61,500,000 | -67,200,000 | -65,800,000 | -63,700,000 | -91,400,000 | -67,900,000 | -74,800,000 | -70,300,000 | -66,400,000 | -55,600,000 | -49,000,000 | -33,900,000 | -30,900,000 | -21,000,000 |
yoy | -33.44% | -32.71% | -1.03% | -12.03% | -9.39% | 37.65% | 22.12% | 52.65% | 107.37% | 114.89% | 164.76% | ||||
qoq | -31.06% | -8.48% | 2.13% | 3.30% | -30.31% | 34.61% | -9.22% | 6.40% | 5.87% | 19.42% | 13.47% | 44.54% | 9.71% | 47.14% | |
other comprehensive loss, net of tax | |||||||||||||||
unrealized gain (loss) on investments in fixed maturities | 8,500,000 | 2,900,000 | 1,200,000 | 6,000,000 | |||||||||||
foreign currency translation adjustment | -1,600,000 | -1,000,000 | 100,000 | -700,000 | 2,300,000 | -1,500,000 | -5,500,000 | -1,100,000 | 1,000,000 | 300,000 | 700,000 | ||||
comprehensive loss | -32,300,000 | -59,600,000 | -65,900,000 | -60,500,000 | -56,000,000 | -97,900,000 | -77,900,000 | -90,200,000 | -73,800,000 | -67,200,000 | -55,500,000 | -48,200,000 | -32,800,000 | -30,500,000 | -20,800,000 |
per share data: | |||||||||||||||
net income per share | -0.6 | -0.88 | -0.97 | -0.95 | -0.9 | -1.37 | -1.1 | -1.21 | -1.14 | -1.08 | -0.9 | -0.81 | -0.22 | -0.57 | -1.77 |
weighted average common shares outstanding—basic and diluted | 69,753,576 | 69,534,731 | 69,334,103 | 66,877,100 | 61,816,225 | 61,698,568 | 61,580,145 | 61,444,958 | 60,218,652 | 53,997,315 | 11,891,979 | ||||
unrealized loss on investments in fixed maturities | -23,800,000 | -5,000,000 | -4,500,000 | ||||||||||||
unrealized (loss) gain on investments in fixed maturities | -14,300,000 | ||||||||||||||
other comprehensive income, net of tax | |||||||||||||||
unrealized (loss) gain on investments | -4,500,000 | -800,000 | -200,000 | ||||||||||||
unrealized gain on investments | 100,000 | 200,000 | |||||||||||||
unrealized gain (loss) on investments | 600,000 | 400,000 | |||||||||||||
commission income | 100,000 |