Lemonade's Full-Year In-Force Premium Outlook Misses Expectations. Is the Growth Story Slowing or Just Repricing?

Lemonade reported strong Q2 earnings with 79% revenue growth and raised full-year guidance, but its in-force premium outlook slightly missed Wall Street's expectations at $1.632-$1.639 billion versus estimates above $1.642 billion. Despite the miss, the company continues to demonstrate solid growth with 23% customer increase year-over-year and is expected to achieve positive adjusted EBITDA by Q4 2026. Analysts view the stock pullback as a buying opportunity rather than a sign of slowing growth.