Lemonade, Inc. (NYSE:LMND), the digital insurance company powered by AI and social impact, today announced the renewal of its reinsurance program, effective July 1, 2026.

Lemonade renegotiated the program to retain more of the economics from its growing business, while expanding protection against catastrophes and major weather events.

Under the renewed quota share agreements, Lemonade expects to cede approximately 18% of premium to reinsurers, down from approximately 20% previously. Lemonade will retain a larger share of the business's growing gross profit.