Reports Q2 revenue $219.1M, consensus $253.1M. “Accelerant’s (ARX) first quarter reporting as a public company was one of the strongest in our history – more Members wrote more business for more risk capital partners than ever before,” said Jeff Radke, co-founder and CEO. “We believe our initial public offering validated the durability of our platform and equipped us with resources to extend industry-leading growth as we build the world’s preeminent two-sided specialty insurance risk exchange. Over the last 12 months, Accelerant generated $3.8 billion of Exchange Written Premium, including $1.1 billion in the second quarter alone – a 42% year-over-year increase.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARX:
- Accelerant Holdings Class A: Strategic Growth Through Direct Commission Income and Third-Party Capital Partnerships
- CVS Health upgraded, Occidental downgraded: Wall Street’s top analyst calls
- Accelerant initiated with a Buy at TD Cowen
- Accelerant initiated with an Outperform at Raymond James
- Accelerant initiated with an Outperform at William Blair