10 Firms Stayed Strong Amid Market Bloodbath

3. Lemonade Inc. (NYSE:LMND)

Lemonade rallied by 12.46 percent on Thursday to finish at $35.46 apiece as investor sentiment was fueled by improved earnings performance last year.

In its latest earnings release, the insurance firm said net loss in full-year 2024 narrowed by 14.6 percent to $202 million from $236.9 million in 2023 as revenues rose by 22 percent to $526.5 million from $429.8 million.

Net loss for the fourth quarter alone shrunk by 29 percent to $30 million from $42.4 million in the same period a year earlier, as revenues grew by 28.8 percent to $148.8 million from $115.5 million.

Looking ahead, LMND expects first quarter revenues to settle between $143 million and $145 million, while full-year revenues were pegged at $655 million to $657 million.