BUZZ-Insurer Lemonade jumps after raising annual forecasts

Reuters
05-06
BUZZ-Insurer Lemonade jumps after raising annual forecasts

** Insurer Lemonade's LMND.N shares jump 11.7% to $33.51 before the bell

** LMND raises its expectations for 2025 gross earned premium and revenue

** Co also reiterates forecast for positive adjusted free cash flow in 2025 despite hit from California wildfires

** In its shareholder letter, LMND says a 25% headline tariff on cars or car parts would likely increase loss trend by single-digit percentage points

** LMND plans to incorporate any inflationary impacts in its pricing to "maintain alignment between rate and risk"

** One of 10 brokerages rate the stock "buy", 5 "hold" and 4 "sell" or lower; median PT $24 - data compiled by LSEG

** As of last close, LMND stock down 18.2% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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