Added to YB: 2026-06-12
Pitch date: 2026-04-10
ARX [bullish]
Accelerant Holdings
+2.26%
current return
Author Info
No bio for this author
Company Info
Accelerant Holdings, together with its subsidiaries, operates a data-driven risk exchange that connects selected specialty insurance underwriters with risk capital partners.
Market Cap
$3.1B
Pitch Price
$12.83
Price Target
28.29 (+116%)
Dividend
N/A
EV/EBITDA
19.05
P/E
-2.01
EV/Sales
1.65
Sector
Insurance
Category
value
$ARX Thesis | Disguised Growth AI Play Within Insurance (116% Upside)
ARX: Only two-sided specialty insurance exchange at scale (280 MGAs, 95 capital partners). EWP $4.2bn (+35% organic), rev $913m (+51%), adj EBITDA $237m (+158%). Down 58% from peak on overblown Hadron related-party fears. Capital-light fee shift to 96% of EBITDA. 8.5x CY26E EV/EBITDA, net cash $478m, proprietary data MOAT, 51% GLR (15pts below industry). $200m buyback, 25% insider ownership. PT $28.29 (+116%, 1yr).
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