ARX

Accelerant Holdings ARX reported second-quarter fiscal 2026 adjusted earnings of 32 cents per share, which more than doubled from 13 cents reported in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of 16 cents. Operating revenues increased 62.9% year over year to $356.9 million, surpassing the Zacks Consensus Estimate by 30.2%. The quarterly performance was driven by strong Exchange Written Premium growth, rising third-party premium, higher fee-based revenues and solid Exchange Services and MGA Operations growth. Weaker underwriting profitability partly offset these positives. Accelerant Holdings price-consensus-eps-surprise-chart | Accelerant Holdings Quote Exchange Written Premium increased 23.3% year over year to $1.3 billion. Third-Party Direct Written Premium accounted for 47% of total Exchange Written Premium, up from 27% in the year-ago quarter, as Accelerant continued expanding its third-party insurer base. The company had 314 members at the end of the reported quarter compared with 248 in the prior-year period. Pretax income rose to $87.4 million from $22.3 million a year ago, while GAAP net income increased to $80 million from $13.1 million. Share-based compensation was $25.2 million in the second quarter compared with $3 million a year earlier. Adjusted EBITDA climbed 46.4% year over year to $93.1 million, while the adjusted EBITDA margin expanded 200 basis points to 31%. Adjusted net income increased 165.2% to $70 million. Exchange Services Operating revenues increased 30.5% year over year to $111.8 million. Adjusted EBITDA rose 32.9% to $74 million, while the adjusted EBITDA margin expanded 120 basis points to 66.2% from 65% in the prior-year quarter. MGA Operations Operating revenues increased 19.8% year over year to $70.1 million. Adjusted EBITDA rose 22.7% to $30.3 million, while the implied adjusted EBITDA margin expanded 100 basis points to 43.2% from 42.2% in the prior-year quarter. Underwriting Operating revenues increased 21.8% year over year to $133.9 million. Adjusted EBITDA declined 88.1% to $1.9 million, while the implied adjusted EBITDA margin contracted 1,310 basis points to 1.4% from 14.5% a year ago. Accelerant exited the second quarter with cash, cash equivalents and restricted cash of $1.7 billion. Debt totaled $120.1 million. Operating cash outflow was $90 million, primarily reflecting the timing of reinsurance payments within the underwriting business. During the second quarter, ARX repurchased 4.73 million Class A common shares for approximately $66 million under its share repurchase program. As of June 30, 2026, the company had approximately $123 million of remaining authorization under the program. The company will be acquired by Thoma Bravo in an all-cash deal valued at more than $4 billion. Shareholders will receive $20.25 per share, representing a 49% premium to ARX’s Aug. 12 closing price. The transaction is expected to close in the first half of 2027, subject to shareholder and regulatory approvals. Following the completion of the deal, Accelerant will become a private company and leave the NYSE. Due to the pending transaction, it will not provide guidance for the third quarter or full-year 2026. Accelerant currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Here are some other stocks from the broader Finance space that have also reported their quarterly results: Kinsale Capital Group, Inc. KNSL, RLI Corp. RLI and Arch Capital Group Ltd. ACGL. Here's how they have performed: Kinsale Capital delivered second-quarter 2026 net operating earnings of $5.54 per share, which outpaced the Zacks Consensus Estimate by 8.6%. The bottom line increased 15.9% year over year. KNSL’s operating revenues increased 16.8% year over year to $548.5 million, which surpassed the Zacks Consensus Estimate by 12.3%. The quarterly results benefited from growth in net earned premiums, increased net investment income, favorable prior-year reserve development and disciplined underwriting. However, these gains were partially offset by lower gross written premiums and higher operating expenses. RLI reported second-quarter 2026 operating earnings of 83 cents per share, which beat the Zacks Consensus Estimate by 16.9%. The bottom line increased 1.2% from the prior-year quarter. RLI’s operating revenues for the reported quarter were $463 million, up 4.9% year over year. The top line beat the Zacks Consensus Estimate by 1.6%. The quarterly results reflect continued premium growth and higher investment income. However, weaker underwriting performance in the casualty segment partly offset these positives. Arch Capital reported second-quarter 2026 operating income of $2.56 per share, which beat the Zacks Consensus Estimate by 2.8%. The bottom line decreased 0.8% year over year. ACGL’s revenues of $4.43 billion declined 6.9% year over year and missed the consensus mark by 3.1%. The results reflected lower earned premiums and catastrophe pressure, partly offset by higher net investment income. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Accelerant Holdings (ARX) : Free Stock Analysis Report RLI Corp. (RLI) : Free Stock Analysis Report Arch Capital Group Ltd. (ACGL) : Free Stock Analysis Report Kinsale Capital Group, Inc. (KNSL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Accelerant Holdings (ARX) reported $356.9 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 62.9%. EPS of $0.32 for the same period compares to $0.14 a year ago. The reported revenue represents a surprise of +30.22% over the Zacks Consensus Estimate of $274.08 million. With the consensus EPS estimate being $0.16, the EPS surprise was +100%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Accelerant Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net revenue retention: 111% compared to the 116.7% average estimate based on four analysts. Total Number of members: 314 versus 308 estimated by three analysts on average. Revenues- Net investment income: $7.2 million compared to the $26.11 million average estimate based on four analysts. Revenues- Exchange Services: $111.8 million compared to the $105.66 million average estimate based on four analysts. Revenues- Net Earned Premiums: $129.1 million versus $103.33 million estimated by four analysts on average. Revenues- Underwriting: $133.9 million versus $125.7 million estimated by four analysts on average. Revenues- MGA Operations: $70.1 million versus the four-analyst average estimate of $67.35 million. Adjusted EBITDA- Exchange Services: $74 million compared to the $70.64 million average estimate based on four analysts. Adjusted EBITDA- Underwriting: $1.9 million versus the four-analyst average estimate of $2.45 million. Adjusted EBITDA- MGA Operations: $30.3 million compared to the $22.48 million average estimate based on four analysts. View all Key Company Metrics for Accelerant Holdings here>>> Shares of Accelerant Holdings have returned +7.3% over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Accelerant Holdings (ARX) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Accelerant Cancels Earnings Conference Call Following Announcement of Agreement with Thoma Bravo to Become a Private Company Second Quarter 2026 Results Exchange Written Premium of $1.32 billion grew 23% year-over-year Third-Party Direct Written Premium accounted for 47% of Exchange Written Premium volume Pre-tax income of $87 million, net income of $80 million, and net income per diluted share of $0.36 Adjusted net income of $70 million increased 165% over the prior year, and adjusted net income per diluted share of $0.32 increased 146% over the prior year Adjusted EBITDA of $93.1 million and adjusted EBITDA margin was 30.6%, up from 29.0% in the prior year Repurchased 4,725,968 Class A common shares for $66 million; the company has approximately $123 million of remaining authorization under its share repurchase program ATLANTA, August 13, 2026--(BUSINESS WIRE)--Accelerant Holdings (NYSE: ARX), the data-driven risk exchange platform transforming the specialty insurance marketplace through the Accelerant Risk Exchange, today announced financial results for the second quarter ended June 30, 2026. "Accelerant has been building the preeminent specialty insurance marketplace since our founding in 2018," said Jeff Radke, Chairman and CEO. "I am proud of what the Accelerant teams has accomplished, and I believe partnering with Thoma Bravo with their expertise, and vast financial and strategic resources will further position our unique, data fueled platform to be the rails on which specialty insurance runs." Jeff Radke continued, "We had a great second quarter financially, operationally, and strategically. Financially, we delivered strong growth in exchange written premium, third-party premium, and adjusted EBITDA. Operationally, we continued to execute at a fast pace. We grew with third-party insurers and connected them directly to our Risk Capital Partners, and introduced our front door data AI agent, ARC, which recognizes, classifies, and structures data the moment it arrives to Accelerant. Strategically, we facilitated the formation of a new third-party insurance company and announced enhanced partnership agreements with three existing Accelerant Risk Exchange Insurers. We also rolled out new value-added services for Members including AI office hours and the Accelerant Talent Portal." "Our second quarter financial results highlight the attractive growth and durability of our business," said Linda S. Huber, Accelerant’s Chief Financial Officer. "Exchange Written Premium grew 23% year-over-year and trailing twelve months premiums are now $4.6 billion. Our fee-based operating revenue and adjusted EBITDA, which we define as consolidated results less the underwriting segment, increased 56% and 91%, respectively, compared to the 2025 second quarter. We look forward to working with Thoma Bravo to grow the business alongside our employees, Members, and Risk Capital Partners." Second Quarter 2026 Key Results Transaction with Thoma Bravo In a separate press release issued today, we announced a definitive agreement to be acquired by Thoma Bravo. A copy of the press release can be found on the investor relations page of Accelerant’s website at https://investor.accelerant.ai. Given the agreement with Thoma Bravo, the Company will not be hosting a conference call to discuss its results for the second quarter ended June 30, 2026, which was originally scheduled for 8:00 a.m. Eastern Time on Thursday, August 13, 2026. In addition, Accelerant will not provide guidance for the third quarter of 2026 or the full year of 2026 as a result of the pending transaction. About Accelerant Accelerant is a data-driven risk exchange connecting underwriters of specialty insurance risk with risk capital providers. Accelerant was founded in 2018 by a group of longtime insurance industry executives and technology experts who shared a vision of rebuilding the way risk is exchanged – so that it works better, for everyone. The Accelerant Risk Exchange does business across 22 different countries and approximately 700 specialty insurance products. Accelerant generates revenue by charging fees on the Exchange Written Premium shared with Risk Capital Partners that rely on Accelerant to source, manage, and monitor portfolios of specialty risk. There was $4.59 billion in Exchange Written Premium during the trailing twelve months ended June 30, 2026. Accelerant harnesses advanced data analytics and AI to optimize risk management, align incentives across the insurance value chain, and provide transparent and efficient solutions for MGAs and Risk Capital partners globally. Forward-Looking Statements All statements in this release and in the corresponding earnings call that are not historical are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve substantial risks and uncertainties. Accelerant Holdings ("we" or "our") generally identifies forward-looking statements by use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "projection," "seek," "should," "will" or "would," or the negative thereof or other variations thereon or comparable terminology. In particular, statements about the markets in which we operate, including growth of our various markets, and our expectations, beliefs, plans, strategies, objectives, prospects, assumptions, or future events or performance contained in this release and in the corresponding earnings call are forward-looking statements. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed in Accelerant’s Annual Report on Form 10-K for the year ended December 31, 2025 under the headings "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations," as may be supplemented in Accelerant’s subsequent Quarterly Reports on Form 10-Q and in other periodic and current reports filed by Accelerant with the SEC, may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements, or could affect our share price. Use of Non-GAAP Financial Measures In assessing the performance of our business, non-GAAP financial measures are used that are derived from our consolidated financial information but are not presented in our consolidated financial statements prepared in accordance with U.S. GAAP. We consider these non-GAAP financial measures to be useful metrics for management and investors to evaluate our financial performance by excluding certain items that are related to our non-core business operations and therefore are not considered to be directly attributable to our underlying operating performance. These non-GAAP financial measures, as described below, should not be considered substitutes for the reported results prepared in accordance with U.S. GAAP and should not be considered in isolation or as alternatives to U.S. GAAP net income or net (loss) as indicators of our financial performance. Although we use these non-GAAP financial measures to assess the performance of our business, such use is limited because it does not include certain material costs necessary to operate our business. Our presentation of these non-GAAP financial measures should not be construed as indications that our future results will be unaffected by unusual or non-recurring items. These non-GAAP financial measures, as determined and presented by us, may not be comparable to related or similarly titled measures reported by other companies. The following non-GAAP financial measures are used in this document or in other disclosures we make from time to time: Adjusted EBITDA, Adjusted Net Income, and Adjusted Earnings per Diluted Share We define "Adjusted EBITDA" as U.S. GAAP net income (loss) less the impact of depreciation and amortization, interest expenses, income tax expenses and the following items: Net realized and unrealized gains (losses) on investments: Primarily represents changes in fair value of investment funds, realized gains and losses on dispositions of investments, and changes in fair value of certain other equity security investments accounted for under the measurement alternative where we adjust fair value based on observable price movements in such, or similar, investments. Other expenses: Represents costs related to our non-core business operations, primarily related to our global enterprise resource planning system and integrated financial reporting systems, and legal and advisory costs in connection with corporate development activities including mergers and acquisitions, capital raising activities and entity formations that support our growing business, and Mission profit sharing expenses (including periodic buy-outs of existing awards). Non-recurring profits interest distribution expenses resulting from the IPO: Represents non-cash profits interest distribution expenses related to the settlement of all outstanding profits interest awards through the distribution of our 65,270,453 Class A common shares held by Accelerant Holdings LP to certain of our officers and employees that fully vested upon the IPO. These expenses were entirely offset by a corresponding capital contribution for that distribution of shares. These expenses only occurred at one point in time (July 2025) and will not recur. Share-based compensation expenses included within general and administrative expenses: Represents non-cash expense related to the fair value of share-based equity awards granted to employees and directors, including restricted stock units and stock options and other awards that can settle in cash, recognized over the requisite service period for the awards. Net foreign currency exchange gains (losses): Represents non-cash foreign currency gains or losses related to transactions in currencies other than an operation’s functional currency and are excluded both on the basis of volatility and that such amounts are largely offset by corresponding changes in other comprehensive income primarily based on our intercompany reinsurance. We define "Adjusted Net Income" as U.S. GAAP net income (loss) excluding the impact of the following items: net realized and unrealized gains (losses) on investments; other expenses; non-recurring profits interest distribution expenses resulting from the IPO; share-based compensation expenses included within general and administrative expenses; the tax effect of the above adjustments. We define "Adjusted Earnings per Diluted Share" as adjusted net income for a period divided by the corresponding weighted average diluted shares on a U.S. GAAP basis. (GAAP diluted shares are used for simplicity and that any difference from recalculating such diluted shares using adjusted income is expected to be immaterial.) Operating Revenues We define "Operating Revenues" as U.S. GAAP revenues excluding the impact of net realized and unrealized gains (losses) on investments. Adjusted EBITDA Margin We define "Adjusted EBITDA Margin" as Adjusted EBITDA divided by Operating Revenues. Adjusted EBITDA Margin is an internal performance measure used in the management of our operations. The reconciliation of the above non-GAAP measures to each of their most directly comparable GAAP financial measures is set forth in the reconciliation table accompanying this document. View source version on businesswire.com: https://www.businesswire.com/news/home/20260813594706/en/ Contacts Investor Relations Ray [email protected] [email protected] Media Relations Laurel [email protected]

Accelerant Holdings (ARX) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +100.00%. A quarter ago, it was expected that this company would post earnings of $0.16 per share when it actually produced earnings of $0.17, delivering a surprise of +6.25%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Accelerant Holdings, which belongs to the Zacks Insurance - Brokerage industry, posted revenues of $356.9 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 30.22%. This compares to year-ago revenues of $219.1 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Accelerant Holdings shares have lost about 16.8% since the beginning of the year versus the S&P 500's gain of 13.2%. While Accelerant Holdings has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Accelerant Holdings was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.19 on $262.49 million in revenues for the coming quarter and $0.73 on $1.09 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Brokerage is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Finance sector, KindlyMD, Inc. (NAKA), has yet to report results for the quarter ended June 2026. This company is expected to post quarterly loss of $0.61 per share in its upcoming report, which represents a year-over-year change of +95.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. KindlyMD, Inc.'s revenues are expected to be $9.42 million, up 2197.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Accelerant Holdings (ARX) : Free Stock Analysis Report KindlyMD, Inc. (NAKA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Accelerant Holdings ARX is set to report its second-quarter 2026 results on Aug. 13, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at 16 cents per share on revenues of $274.08 million. The second-quarter earnings estimate witnessed one upward revision and no downward movement over the past 60 days. The bottom-line projection indicates year-over-year growth of 14.3%. Also, the Zacks Consensus Estimate for quarterly revenues suggests a year-over-year increase of 25.1%. Image Source: Zacks Investment Research For 2026, the Zacks Consensus Estimate for Accelerant Holdings’ revenues is pegged at $1.09 billion, implying a rise of 18.9% year over year. However, the consensus mark for 2026 EPS is pegged at 73 cents, implying a 22.3% year-over-year decline. Accelerant Holdings beat earnings estimates in each of the past four quarters, with the average surprise being 32.6%. This is depicted in the figure below. Accelerant Holdings price-eps-surprise | Accelerant Holdings Quote However, our proven model does not conclusively predict an earnings beat for the company this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That’s not the case here. ARX has an Earnings ESP of 0.00% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for second-quarter net earned premiums indicates 46.4% year-over-year growth. Also, the consensus mark for net investment income suggests a 104% surge from the year-ago period. These are likely to have supported top-line growth in the to-be-reported quarter. However, net revenue retention is expected to have declined to 116.7% in the second quarter, from 151% a year ago. The consensus estimate for adjusted EBITDA from Exchange Services indicates around a 26.8% increase from the year-ago quarter. But the same from the MGA Operations and Underwriting segments indicates 7.5% and 84.9% declines in the second quarter of 2026. The Zacks Consensus Estimate for total number of members in the second-quarter is pegged at 308 million, indicating an increase of 24.2% year over year, backed by growth in independent, mission and owned members. The company earlier stated that it expects Exchange Written Premium to be in the $1.27-$1.32 billion range in the second quarter. Moreover, Third-Party Direct Written Premium is likely to be within $580-$620 million. Several companies in the insurance space, including Marsh & McLennan Companies, Inc. MRSH, Skyward Specialty Insurance Group, Inc. SKWD and RenaissanceRe Holdings Ltd. RNR, have already reported their financial results for the June quarter of 2026. Here’s how they performed: Marsh reported second-quarter 2026 adjusted earnings per share of $2.96, which surpassed the Zacks Consensus Estimate by 2.8%. The bottom line advanced 8.8% year over year.Its strong quarterly results benefited from solid growth in the Risk and Insurance Services and Consulting units. However, the upside was partially offset by Marsh’s elevated operating expenses, primarily due to increased compensation and benefits. Skyward Specialty delivered a solid second quarter of 2026, with operating earnings per share of $1.30, which increased 46.1% from the year-ago level and beat the consensus estimate by 13%. Strong premium growth and contributions from the Apollo segment aided its results, while underwriting remained profitable despite a slight increase in the combined ratio. RenaissanceRe reported second-quarter 2026 operating income of $12.92 per share, which surpassed the Zacks Consensus Estimate by 12.9%. The bottom line also improved 5.1% year over year. The quarterly earnings benefited from lower expenses, higher net investment income and an improved total combined ratio. However, the upside was partly offset by lower net premiums earned, weaker underwriting results in RNR’s Casualty & Specialty segment and lower fee income. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Accelerant Holdings (ARX) : Free Stock Analysis Report RenaissanceRe Holdings Ltd. (RNR) : Free Stock Analysis Report Skyward Specialty Insurance Group, Inc. (SKWD) : Free Stock Analysis Report Marsh (MRSH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Accelerant Holdings (ARX) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on August 13, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This company is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of +14.3%. Revenues are expected to be $274.08 million, up 25.1% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Accelerant Holdings, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -3.23%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination makes it difficult to conclusively predict that Accelerant Holdings will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Accelerant Holdings would post earnings of $0.16 per share when it actually produced earnings of $0.17, delivering a surprise of +6.25%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Accelerant Holdings doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. eToro Group Ltd. (ETOR), another stock in the Zacks Insurance - Brokerage industry, is expected to report earnings per share of $0.61 for the quarter ended June 2026. This estimate points to a year-over-year change of +8.9%. Revenues for the quarter are expected to be $225 million, up 7.3% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for eToro Group Ltd. has been revised 17.4% up to the current level. Nevertheless, the company now has an Earnings ESP of +0.14%, reflecting a higher Most Accurate Estimate. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that eToro Group Ltd. will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Accelerant Holdings (ARX) : Free Stock Analysis Report eToro Group Ltd. (ETOR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Ryan Specialty Group (RYAN) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +21.31%. A quarter ago, it was expected that this insurance company would post earnings of $0.43 per share when it actually produced earnings of $0.47, delivering a surprise of +9.3%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Ryan Specialty, which belongs to the Zacks Insurance - Brokerage industry, posted revenues of $916.65 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.91%. This compares to year-ago revenues of $855.17 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Ryan Specialty shares have lost about 10% since the beginning of the year versus the S&P 500's gain of 6.9%. While Ryan Specialty has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Ryan Specialty was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.51 on $805.01 million in revenues for the coming quarter and $2.06 on $3.27 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Brokerage is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Accelerant Holdings (ARX), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 13. This company is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of +14.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Accelerant Holdings' revenues are expected to be $274.08 million, up 25.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ryan Specialty Holdings Inc. (RYAN) : Free Stock Analysis Report Accelerant Holdings (ARX) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Release Date: May 14, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Accelerant Holdings (NYSE:ARX) exceeded the midpoint of their quarterly guidance across exchange written premium, third-party premium, and adjusted EBITDA. The company added 16 new MGAs in the first quarter, bringing the total to 296 member MGAs, indicating strong growth in their member base. Accelerant Holdings (NYSE:ARX) reported a gross loss ratio of 52.1% for the first quarter of 2026, which remains attractive and indicates effective risk management. The company achieved a 16% year-over-year growth in exchange written premium, with a potential 22% growth excluding a terminated member. Accelerant Holdings (NYSE:ARX) is leveraging AI to enhance productivity, achieving a 24% lift in engineer output and developing AI-enabled solutions to reduce reliance on third-party software. The company reported a GAAP net after-tax loss of $4 million for the first quarter. Share-based compensation expense was high this quarter, including $8 million related to the CFO transition, impacting financial results. The adjusted EBITDA margin for the Exchange Services segment is expected to be approximately 70% for the remainder of 2026, indicating potential pressure on margins. There is a significant reliance on third-party insurers, with a goal to have them represent two-thirds of the total exchange-written premium, which may pose a risk if partnerships are not maintained. The company is experiencing seasonal differences in business mix, which contributed to an increase in the gross loss ratio by 80 basis points over the full-year 2025 figure. Warning! GuruFocus has detected 5 Warning Sign with KPTSF. Is ARX fairly valued? Test your thesis with our free DCF calculator. Q: Can you explain the shift towards mission and owned MGAs in the first quarter? Are we reaching a saturation point with quality MGAs on your platform? A: Ryan Schiller, Head of Strategy, explained that an existing independent member shifted to become a mission member, which contributed to the numbers. He emphasized that the majority of new members are expected to remain independent, and the pipeline suggests there is still significant opportunity for high-quality underwriters. Q: Why is the EBITDA as a percentage of premium expected to decrease despite an increase in third-party premiums? A: Ryan Schiller noted that higher eliminations are expected in Q2, but strong segmental results are anticipated. The shift towards third-party insurers is reducing overall revenue but is beneficial as it maximizes fee-based segments. Q: Can you provide more details on the new 10b-5-1 plan? A: Jeff Radke, CEO, clarified that the plan is to cover a tax bill and represents a small percentage of his and the senior management team's holdings. Q: How is Accelerant leveraging AI to reduce reliance on third-party software systems? A: Jeff Radke explained that AI is being used to speed up critical processes, which includes reducing reliance on tailored insurance and reinsurance software. This is part of a broader strategy to capture more of the specialty insurance market and improve operational efficiency. Q: Has the shift away from Hadron affected the economics of using other fronts? A: Jeff Radke stated that the shift has allowed Accelerant to improve unit economics as they become a more significant partner to their risk exchange insurance partners, resulting in lower charges for using their balance sheets. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Accelerant Holdings? Here are five stocks we like better. Accelerant beat Q1 expectations with Exchange Written Premium of $1.14 billion, up 16% year over year, and Adjusted EBITDA of $66 million. Management said the company exceeded the midpoint of guidance and posted stronger revenue and profitability across key segments. Third-party insurer participation is rising, with third-party written premium jumping to $462 million and accounting for 41% of Exchange Written Premium, up from 19% a year earlier. Accelerant also kept expanding its MGA network, ending the quarter with 296 member MGAs after adding 16 new members. AI and data analytics remain central to the growth story, as Accelerant added 22 million rows of data in the quarter and said AI boosted engineering productivity by more than 24%. The company raised full-year 2026 guidance, now expecting at least $5.2 billion in Exchange Written Premium and at least $285 million in Adjusted EBITDA. Accelerant (NYSE:ARX) reported stronger-than-expected first-quarter 2026 results, with management pointing to continued growth in its specialty insurance platform, expanding third-party insurer participation and increased use of artificial intelligence across underwriting and internal operations. Chairman and CEO Jeff Radke said the company exceeded the midpoint of its quarterly guidance for Exchange Written Premium, Third-Party Premium and Adjusted EBITDA. He described the quarter as “fantastic” and said momentum remained strong across the Accelerant Risk Exchange. → Rocket Lab Just Hit a New All-Time High—Time to Buy or Let It Breathe? Accelerant reported Exchange Written Premium of $1.14 billion in the first quarter, up 16% from the prior-year period. Radke said growth would have been 22% excluding a “large premium low-margin member” that the company terminated at the end of the second quarter of last year. The company also added 16 new managing general agent, or MGA, members during the quarter, bringing total member MGAs to 296. Radke said the additions came across the U.S., Canada, the U.K. and the European Union, with specialty coverage areas ranging from management liability to captives. → MP Materials Is Quietly Building a Rare Earth Powerhouse Radke emphasized Accelerant’s proprietary data capabilities, saying the company added 22 million rows of data and 4,000 incremental risk attributes during the quarter. He said Accelerant now has 156 million rows of information across more than 62,000 unique risk attributes. “Our mantra from the very beginning of Accelerant has been no data left behind,” Radke said, citing exposure characteristics, price per exposure, policy provisions, geospatial information, public sentiment vectors and environmental features as examples of data the company captures and ingests. → Micron Investors Face a High-Stakes Moment After the Latest Rally Radke said the company uses that data in a “closed loop AI native system” to improve underwriting decisions. He said Accelerant’s position in the insurance value chain allows it to connect underwriting, submission and exposure data with claims outcomes, enabling models to be updated in short cycles. He also said AI is improving internal productivity, including within Accelerant’s product and technology engineering teams. According to Radke, AI has helped generate a productivity lift of more than 24% among engineers. He said the company is developing beta solutions that may reduce reliance on, or replace, some third-party software systems used in insurance and reinsurance administration. In response to an analyst question, Radke said AI is central to Accelerant’s ambition to become a “$20 billion platform,” adding that the larger opportunity is accelerating key internal processes and capturing more of the specialty insurance market. Head of Strategy Ryan Schiller said Accelerant ended the quarter with 96 risk capital partners and 18 third-party insurers. Third-party written premium totaled $462 million in the quarter, compared with $184 million in the first quarter of last year. Accelerant said 41% of Exchange Written Premium went to third-party insurers in the first quarter, up from 19% in the same period last year and 30% for full-year 2025. Radke said the company’s medium-term goal is for third-party insurers to represent two-thirds of total Exchange Written Premium. Schiller also said Accelerant continued to reduce its concentration with Hadron. Hadron accounted for 41% of third-party premiums in the first quarter, down from 67% in the first quarter of 2025. Management expects Hadron to decline further to 35% to 40% of third-party premium for full-year 2026, including less than one-third in the fourth quarter. On the supply side, Schiller said existing members accounted for more than 90% of Exchange Written Premium growth in the quarter. He said growth was driven by higher premium volume on existing insurance products and incremental products offered through the exchange. Existing members have added more than 100 products to the Accelerant Risk Exchange over the past year. Schiller said rate was not a significant driver of growth, contributing just 1% during the quarter. He said Accelerant’s book is not catastrophe-exposed and is focused on low-limit, low-premium specialty policies in the commercial small and midsize enterprise market. He noted that 95% of policies have less than $10,000 in annual premium. CFO Linda Huber, participating in her first Accelerant earnings call, said total revenue rose 54% year over year to $273 million. Operating revenue, excluding realized and unrealized investment gains and losses, increased 57%. Accelerant reported pre-tax income of $2 million and a GAAP net after-tax loss of $4 million. Adjusted net income was $38 million. Huber said the largest driver of the difference between GAAP and adjusted net income was share-based compensation expense, including approximately $8 million tied to acceleration of certain awards related to the CFO transition. Adjusted EBITDA was $66 million in the quarter, compared with $39 million in the prior-year period. Huber said fee-based operating revenue and Adjusted EBITDA, defined as consolidated results excluding the underwriting segment, grew 52% and 112%, respectively. Exchange services: Operating revenue was $100 million, up 41% year over year. Adjusted EBITDA was $67 million, with a 67% margin. MGA operations: Operating revenue was $54 million, up 10% year over year. Huber said growth would have been in the high teens after adjusting for timing between quarters. Adjusted EBITDA was $17 million, with a 31% margin. Underwriting: Operating revenue was $149 million, and Adjusted EBITDA was $7 million. The company’s gross loss ratio was 52.1% in the first quarter, up 80 basis points from full-year 2025, primarily due to seasonal differences in business mix. During the question-and-answer session, Radke said Accelerant expects its 2026 loss ratio to remain in the low 50s and said the company feels comfortable with longer-term sustainability based on its data, technology and focus on small business risks. Accelerant had approximately $450 million of unrestricted cash and investments outside its insurance companies as of March 31. Huber said the company repurchased 828,000 Class A shares for $11 million during the first quarter at a weighted average price of $13.11 per share. She added that Accelerant repurchased another $52 million of shares so far in the second quarter. Within its insurance entities, Accelerant had approximately $630 million of capital at quarter-end. Huber said the company expects minimal capital contributions to those entities during 2026 as it continues to grow with third-party insurers. Accelerant issued second-quarter guidance for Exchange Written Premium of $1.27 billion to $1.32 billion, third-party direct written premium of $580 million to $620 million and Adjusted EBITDA of $60 million to $66 million. For full-year 2026, the company now expects Exchange Written Premium of at least $5.2 billion, third-party direct written premium of at least $2.3 billion and Adjusted EBITDA of at least $285 million. That includes fee-based, or non-underwriting, Adjusted EBITDA of at least $276 million. Huber also said Accelerant participated in capital transactions involving an investment in a third-party claims administration business in late April. The company sold a portion of its interest and generated $52 million of cash proceeds. It expects to recognize realized and unrealized gains totaling $55 million in the second quarter, though Huber said the transaction will be excluded from non-GAAP metrics. Radke closed the call by welcoming newly elected independent board members David Talach and Simon Wainwright. He said Accelerant remains focused on becoming “the rails on which specialty insurance runs” by connecting MGA members with diversified risk capital and using data, analytics and increasingly autonomous underwriting tools. Aeroflex Holding Corp. (Aeroflex Holding) is a provider of radio frequency (RF) and microwave integrated circuits, components and systems used in the design, development and maintenance of wireless communication systems. The Company's solutions include microelectronic components and test and measurement equipment used by companies in the space, avionics and defense; commercial wireless communications, and medical and other markets. Its products include a range of RF, microwave and millimeter wave microelectronic components, integrated circuits (ICs), and analog and mixed-signal devices. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Accelerant Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.

Accelerant Holdings (ARX) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +7.60%. A quarter ago, it was expected that this company would post earnings of $0.16 per share when it actually produced earnings of $0.23, delivering a surprise of +43.75%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Accelerant Holdings, which belongs to the Zacks Insurance - Brokerage industry, posted revenues of $273.3 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 10.47%. This compares to year-ago revenues of $178 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Accelerant Holdings shares have lost about 17.5% since the beginning of the year versus the S&P 500's gain of 8.1%. While Accelerant Holdings has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Accelerant Holdings was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.18 on $277 million in revenues for the coming quarter and $0.68 on $1.05 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Brokerage is currently in the bottom 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the broader Zacks Finance sector, StepStone Group Inc. (STEP), is yet to report results for the quarter ended March 2026. The results are expected to be released on May 20. This company is expected to post quarterly earnings of $0.51 per share in its upcoming report, which represents a year-over-year change of -25%. The consensus EPS estimate for the quarter has been revised 0.9% higher over the last 30 days to the current level. StepStone Group Inc.'s revenues are expected to be $299.91 million, up 1.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Accelerant Holdings (ARX) : Free Stock Analysis Report StepStone Group Inc. (STEP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research