Lemonade: Solid Growth in Tough Quarter
Here's our initial take on Lemonade's (NYSE: LMND) fiscal 2025 first-quarter financial report.Lemonade lost less money than expected in the first quarter, beating Wall Street's expectations for both revenue and earnings per share. The company continues to spend big on growth, but that spending is paying off, with in-force premiums topping the $1 billion threshold and up 26% year over year.Lemonade's customer count increased by 21% to 2.5 million, and the company is showing signs of growing that customer relationship over time. Premium per customer was up 4% to $396.Continue reading
Here's our initial take on Lemonade's (NYSE: LMND) fiscal 2025 first-quarter financial report.
Lemonade lost less money than expected in the first quarter, beating Wall Street's expectations for both revenue and earnings per share. The company continues to spend big on growth, but that spending is paying off, with in-force premiums topping the $1 billion threshold and up 26% year over year.
Lemonade's customer count increased by 21% to 2.5 million, and the company is showing signs of growing that customer relationship over time. Premium per customer was up 4% to $396.
