# Lemonade, Inc. (LMND) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from Lemonade, Inc.'s 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/LMND/mda/fy2025/): filed 2026-02-25; accession 0001691421-26-000016 (https://www.sec.gov/Archives/edgar/data/1691421/000169142126000016/lmnd-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/LMND/mda/fy2024/): filed 2025-02-26; accession 0001691421-25-000031 (https://www.sec.gov/Archives/edgar/data/1691421/000169142125000031/lmnd-20241231.htm)
- [FY 2023 MD&A](/company/LMND/mda/fy2023/): filed 2024-02-28; accession 0001691421-24-000026 (https://www.sec.gov/Archives/edgar/data/1691421/000169142124000026/lmnd-20231231.htm)
- [FY 2022 MD&A](/company/LMND/mda/fy2022/): filed 2023-03-03; accession 0001691421-23-000032 (https://www.sec.gov/Archives/edgar/data/1691421/000169142123000032/lmnd-20221231.htm)
- [FY 2021 MD&A](/company/LMND/mda/fy2021/): filed 2022-03-01; accession 0001691421-22-000015 (https://www.sec.gov/Archives/edgar/data/1691421/000169142122000015/lmnd-20211231.htm)

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