• Lemonade entered a new business financing agreement with Hannover Re (Ireland) on June 22, 2026 to fund sales and marketing growth spend.
• Facility provides up to $250 million from Jan. 1, 2027 through Dec. 31, 2028, with a $150 million cap through Dec. 31, 2027.
• Hannover will finance up to 80% of monthly growth spend, capped at $20 million per reference cohort.
• Repayment tied to a set share of premiums from funded customer cohorts, covering principal and a return linked to 3-year U.S. Treasury bills plus 5.8%.
• Once repaid, Lemonade retains all future premiums tied to each funded cohort.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lemonade Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001691421-26-000041), on June 24, 2026, and is solely responsible for the information contained therein.