Lemonade Stock News

The global financial services sector is an ocean of investment opportunity, worth over $33 trillion today, and expected to grow to over $44 trillion over the next few years.

I bought my first Lemonade (LMND -2.08%) shares in December 2020, near the stock's all-time peak. The computerized insurance service looked fantastic at the time, and I expected big things from Lemonade in the long run.

It's growth time again in the stock market. The big tech companies have been reporting strong performance, and the financial stocks are telling a story of economic growth.

Lemonade's in-force premium rose 29% year-over-year to $1.08 billion, marking the seventh straight quarter of accelerating growth. Gross loss ratio improved 12 points to 67%, enabling a quota-share reduction from 55% to 20% during renewal. European premiums surged over 200% to $43 million, contributing more than 20% of net new customer additions.

The stock market was hardly sour on Lemonade (LMND 9.82%) stock on Wednesday. On the back of two positive analysts moves on the next-generation insurer, its share price zoomed to an over 9% gain during that day's trading session.

Insurance company Lemonade (LMND 0.33%) has been trouncing the market recently. It's up 220% over the past year as of Aug. 20, while the market is up only 21% at the same time.

After months of concern about tariffs and the economy, the market is bouncing back. The latest earnings reports from many companies tell a story of growth and positive outlooks, and investors are breathing more easily.

Lemonade (LMND 3.39%) recently popped by about 25% after reporting its second-quarter results. The insurance disruptor reported better-than-expected revenue and earnings, raised its guidance, and is doing a great job of becoming more profitable.