Time to Buy the Dip on Lemonade Stock?

Lemonade (NYSE: LMND) stock has been disappointing investors for years now, although it's been up and down over that time. It actually made some incredible progress last year, both in its business and its stock price, but it's lost some of those gains and is 81% off of its highs from 2021. Is it finally time to buy Lemonade stock?Lemonade is an insurance technology company that's challenging legacy insurers, and customers are signing up for its digital, easy-to-use products at a rapid pace.2024 was a banner year for the company, as it achieved strong growth while lowering its loss ratio, or how much of a policy it pays out in claims, and generated positive free cash flow on an annual basis for the first time. In-force premium (IFP), or average total premiums, increased 26% year over year in the fourth quarter. That's a combination of premium per customer, which increased 5%, and customer count, which increased 20% to more than 2.4 million. Adjusted free cash flow was $27 million, up from an $11 million loss the prior year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool