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