Lemonade's full-year in-force premium outlook fell slightly short of Wall Street estimates, sending its stock lower after the second-quarter earnings report. The online insurer guided for in-force premium between $1.632 billion and $1.639 billion, below the consensus target of more than $1.642 billion, even as it raised its full-year revenue growth forecast to 65%. Revenue surged 79% year over year to $294 million, beating estimates by $3 million, while the net loss narrowed to $43.4 million, or $0.56 per share, matching expectations. Customer count rose 23% to 3.31 million, and the company reiterated its goal of achieving positive adjusted EBITDA by the fourth quarter of 2026.
Lemonade IncFull-year in-force premium guidance missed estimates, overshadowing revenue beat and narrowed loss.
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