Lemonade reported strong second-quarter earnings, surpassing expectations and showing accelerating growth. The insurance company’s loss ratio is also improving. With positive operating cash flow and better-than-expected revenue and earnings per share, Lemonade’s stock price jumped by 25%. The company’s in-force premium increased by 29% year over year, and it now has nearly 2.7 million customers. Lemonade’s most promising growth vertical, Lemonade Car, is showing significant progress, along with its European business. The stock is trading near a three-year high, and the potential for reaching $100 per share is realistic if growth continues.

Read more at Yahoo Finance: Lemonade Just Soared After Earnings — Could It Reach $100 per Share Within the Next Year?