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Lemonade vs Safety Insurance Group: LMND and SAFT compared
Lemonade is the larger company: $336M of revenue in its latest quarter (Q3 2026) against $328M for Safety Insurance Group (Q3 2026). Lemonade is growing faster (+73% against +0.4% a year earlier). Safety Insurance Group is more profitable, with an operating margin of 11.7% against -12.9%.
Where the money goes: LMND and SAFT
Lemonade (LMND) · Q3 2026
Lemonade, Q3 2026: revenue $336M (+73% year over year), operating margin -12.9%, net loss $43.7M, operating cash flow $7.3M. The chart follows the revenue to costs, profit and cash.
Safety Insurance Group (SAFT) · Q3 2026
Safety Insurance Group, Q3 2026: revenue $328M (+0.4% year over year), operating margin 11.7%, net earnings $30.0M, operating cash flow $57.7M. The chart follows the revenue to costs, profit and cash.
| Lemonade (LMND) | Safety Insurance Group (SAFT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $336M | $328M |
| Revenue growth, Y/Y | +73% | +0.4% |
| Operating margin | -12.9% | 11.7% |
| Net earnings | −$43.7M | $30.0M |
| Net margin | -13.0% | 9.2% |
| Operating cash flow | $7.3M | $57.7M |
| Free cash flow | $1.9M | $56.7M |
| Market value | — | $1.5B |
| P/E | — | 22.0× |
Questions
Which is bigger, Lemonade or Safety Insurance Group?
Lemonade is the larger company: $336M of revenue in its latest quarter (Q3 2026) against $328M for Safety Insurance Group (Q3 2026).
Is Lemonade or Safety Insurance Group growing faster?
Lemonade is growing faster (+73% against +0.4% a year earlier).
Which is more profitable, Lemonade or Safety Insurance Group?
Safety Insurance Group is more profitable, with an operating margin of 11.7% against -12.9%.
More: Lemonade earnings · how Lemonade makes money · Safety Insurance Group earnings · how Safety Insurance Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.