Annoyed as all hell, but not fucked at all. The phone locks itself if snatched away. A phone call, and a brief access to android lock later and now the thief has a worthless paperweight. This can happen in a matter of seconds if theft protection works, or a couple of minutes while I find someone who would lend me their phone, faster if I have my smartwatch with me. Carriers on my country also disable IMEIs across all carriers and on the whole territory when phones are reported stolen. Everything on my phone is backed up elsewhere, so I won’t actually lose much, and my data would be fairly protected. They could disassemble it and try to decrypt the storage, but good luck with that if they are not law enforcement or doesn’t have the fancy forensic toys.