AI-backed insurer Lemonade jumps after hours on earnings, forecast

Shares of Lemonade Inc. LMND rocketed higher after hours on Wednesday after the AI-backed insurance provider forecast better-than-expected full-year revenue and reported first-quarter results that were stronger than anticipated. The company — which uses a bot to connect customers with homeowner, car, pet and life insurance — said it expected revenue of $392 million to $396 million for the full year, above FactSet forecasts for $381.2 million. Shares jumped 15% after hours. The company reported a first-quarter net loss of $65.8 million, or 95 cents a share, compared with $74.8 million, or $1.21 a share, in the same quarter…