Tim Bixby

CFO, Lemonade

Search every verified Tim Bixby interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Tim Bixby, CFO of Lemonade, participated in the company’s Q1 2026 earnings call on April 29, 2026. He reported that in-force premium grew 32% year-on-year to $1.33 billion, driven by a 23% increase in customers and a 7% increase in premium per customer. Bixby stated that the company added 158,000 new customers in Q1, a 37% increase from approximately 115,000 in the prior year. He noted that gross profit rose 159% to $100 million, with an adjusted gross margin of 39%, and that revenue grew 71% to $258 million while the adjusted EBITDA loss improved to $17 million. Bixby also discussed the company’s retention and reinsurance strategy, stating that the ceding rate on reinsurance was approximately 30% in Q1, down from a peak of 55% the previous year, and that it would decline further to around 25% in Q2. He attributed this to a shift in the rate of business retained, which he said has increased consistently quarter over quarter since a reinsurance renewal in July 2025. Bixby provided guidance for Q2 and full-year 2026, indicating a 32% top-line growth rate in Q2 and 33% for the full year, with implied revenue growth of roughly 77% and 63%, respectively.