Lemonade (NYSE: LMND) should be reporting second-quarter earnings at the start of next month. As always, I will recap what happened with Lemonade this quarter. You can find the video below. Earnings recap In Q1 Lemonade reported the following. In force premium (IFP) growth accelerated to 89% year over year with IFP of $252 million, and about 1.1 million customers. Premium per customer increased 25% year over year to $229. Gross earned premium increased 84% year over year to $56 million. Loss ratio increased 68% to 121% because of the Texas freeze. Yet EBITDA guidance for the year remains substantially in line with analyst consensus prior to the storm. What to look for Reduction in loss ratio will be in the spotlight especially after the 68% increase last quarter, due to the Texas freeze. As management previously noted, it is focusing on increasing IFP and premium per customer to further strengthen the bottom line, so don't be alarmed if customer growth percentage-wise isn't what it used to be. That said, the net addition of customers should be looked at closely over the next quarters. It seems like Lemonade is looking for quality over quantity. It would be great if we get some numbers out of Europe and an update on term life and the progression of car insurance. Be sure to check out the video below for the full insights. *Stock prices used were the closing prices of July 21, 2021. The video was published on July 22, 2021. 10 stocks we like better than Lemonade, Inc.When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Lemonade, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Neil Rozenbaum owns shares of Lemonade, Inc. The Motley Fool owns shares of and recommends Lemonade, Inc. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. Source