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Accelerant reports Q2 EPS 4c, consensus 12c

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.”

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