Kvartalsrapport (Q2)
5 dager siden‧50min
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0
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| Tid | Pris | Antall | Kjøpere | Selger |
|---|---|---|---|---|
| - | - | - | - |
Høy
21,62VWAP
Lav
18,26OmsetningAntall
50,1 4 356 928
VWAP
Høy
21,62Lav
18,26OmsetningAntall
50,1 4 356 928
Meglerstatistikk
Fant ingen data
Selskapshendelser
| Kommende | |
|---|---|
Selskapskalender ikke tilgjengelig | |
| Historisk | ||
|---|---|---|
| 2025 Kvartalsrapport (Q2) | 28. aug. |
Data hentes fra Quartr
Kunder besøkte også
Shareville
Bli med i samtalen på SharevilleEt fellesskap av investorer som deler innsikt og kunnskap i sine porteføljer.
Logg inn
for 1 døgn sidenfor 1 døgn sidenI’m in. Interesting business and would see this scale and deliver pretty steady returns over long term. Did some Gemini sparring to quickly dig deeper into the business model: To analyze Accelerant effectively, you must separate platform performance from risk retention. You need to look through the traditional insurance metrics to see the health and growth of the underlying marketplace. Here’s how to dissect their financial results and balance sheet with this dual perspective in mind. 1. Reconciling the Business Model with the Balance Sheet The reason the balance sheet looks like a traditional insurer's is due to accounting regulations. As the entity issuing the insurance policy, Accelerant is the primary obligor to the policyholder. Therefore, they must record the entire "gross" premium as a liability (Unearned Premium Reserve) and establish reserves for potential claims (Loss and Loss Adjustment Reserves). However, most of this risk is immediately passed on to their risk capital partners (reinsurers). This is reflected on the asset side of the balance sheet as "Reinsurance Recoverables." Think of it this way: * Gross Figures (What you see): Reflect the total activity and scale of the entire marketplace. * Net Figures (What Accelerant keeps): Reflect the small slice of risk Accelerant retains on its own balance sheet. Analyzing one without the other will give you a misleading picture. 2. Analyzing the Income Statement: Focus on Platform Metrics For a traditional insurer, you'd focus on Net Earned Premium and the Combined Ratio. For Accelerant, the story is more nuanced. * Gross Written Premium (GWP): This is your most important top-line metric. Treat it like a Gross Merchandise Value (GMV) for an e-commerce marketplace. Strong, consistent growth in GWP indicates that their platform is attracting more MGA members and writing more business. This is the primary indicator of the platform's success. * Fee Revenue / Service Revenue: This is Accelerant's core platform revenue. It's the fees they charge for connecting MGAs with risk capital. Analyze this as a "Take Rate" (Fee Revenue / GWP). Is this percentage stable or growing? A stable, healthy take rate on a growing GWP is a sign of a strong business model. * Ceded Written Premium: This shows how much of the total premium is being passed on to their capital partners. The Ceded Ratio (Ceded Premium / GWP) is a key strategic indicator. A high ceded ratio (e.g., 80-95%) confirms their capital-light, fee-driven model. A significant change in this ratio could signal a strategic shift in how much risk they are willing to retain. * Net Earned Premium (NEP) and Net Combined Ratio: These metrics are still relevant, but only for the small portion of risk Accelerant retains. A good Net Combined Ratio (below 100%) on their retained book shows underwriting discipline and proves they have "skin in the game" with positive results. It gives credibility to the risks they are sourcing for their partners. 3. Analyzing the Balance Sheet: Focus on Counterparty Risk and Capital Efficiency * Liabilities (Loss Reserves, Unearned Premiums): As discussed, these are primarily "pass-through" liabilities. The key is not just the absolute number, but its relationship to the corresponding asset. * Assets (Reinsurance Recoverables): This is arguably the most critical asset to scrutinize. It represents all the money Accelerant expects to collect from its capital partners to pay claims. You must ask: * Who are these partners? Are they highly-rated, financially stable institutions? The diversification and credit quality of this panel are paramount. A concentration of recoverables from a few, lower-rated partners is a major red flag. * How does this asset compare to the gross liabilities? The "Reinsurance Recoverables" should largely mirror the "Loss and Loss Adjustment Reserves." * Cash and Investments: Accelerant holds the premium (the "float") before it's paid out for claims or ceded to partners. Analyze the quality and liquidity of their investment portfolio. Given their model, it should be highly conservative and liquid.
Kommentarene ovenfor kommer fra brukere på Nordnets sosiale nettverk Shareville og er verken redigert eller forhåndsvist av Nordnet. De innebærer ikke at Nordnet gir investeringsråd eller investeringsanbefalinger. Nordnet påtar seg ikke ansvar for kommentarene.
Nyheter og Analyser
Det er for øyeblikket ingen nyheter
Nyheter og/eller generelle investeringsanbefalinger, eller utdrag av disse på denne siden og øvrige lenker, er produsert og levert av den spesifiserte leverandøren. Nordnet har ikke deltatt i utarbeidelsen, og har ikke gjennomgått eller gjort endringer i materialet. Les mer om investeringsanbefalinger.
Kvartalsrapport (Q2)
5 dager siden‧50min
Nyheter og Analyser
Det er for øyeblikket ingen nyheter
Nyheter og/eller generelle investeringsanbefalinger, eller utdrag av disse på denne siden og øvrige lenker, er produsert og levert av den spesifiserte leverandøren. Nordnet har ikke deltatt i utarbeidelsen, og har ikke gjennomgått eller gjort endringer i materialet. Les mer om investeringsanbefalinger.
Shareville
Bli med i samtalen på SharevilleEt fellesskap av investorer som deler innsikt og kunnskap i sine porteføljer.
Logg inn
- for 1 døgn sidenfor 1 døgn sidenI’m in. Interesting business and would see this scale and deliver pretty steady returns over long term. Did some Gemini sparring to quickly dig deeper into the business model: To analyze Accelerant effectively, you must separate platform performance from risk retention. You need to look through the traditional insurance metrics to see the health and growth of the underlying marketplace. Here’s how to dissect their financial results and balance sheet with this dual perspective in mind. 1. Reconciling the Business Model with the Balance Sheet The reason the balance sheet looks like a traditional insurer's is due to accounting regulations. As the entity issuing the insurance policy, Accelerant is the primary obligor to the policyholder. Therefore, they must record the entire "gross" premium as a liability (Unearned Premium Reserve) and establish reserves for potential claims (Loss and Loss Adjustment Reserves). However, most of this risk is immediately passed on to their risk capital partners (reinsurers). This is reflected on the asset side of the balance sheet as "Reinsurance Recoverables." Think of it this way: * Gross Figures (What you see): Reflect the total activity and scale of the entire marketplace. * Net Figures (What Accelerant keeps): Reflect the small slice of risk Accelerant retains on its own balance sheet. Analyzing one without the other will give you a misleading picture. 2. Analyzing the Income Statement: Focus on Platform Metrics For a traditional insurer, you'd focus on Net Earned Premium and the Combined Ratio. For Accelerant, the story is more nuanced. * Gross Written Premium (GWP): This is your most important top-line metric. Treat it like a Gross Merchandise Value (GMV) for an e-commerce marketplace. Strong, consistent growth in GWP indicates that their platform is attracting more MGA members and writing more business. This is the primary indicator of the platform's success. * Fee Revenue / Service Revenue: This is Accelerant's core platform revenue. It's the fees they charge for connecting MGAs with risk capital. Analyze this as a "Take Rate" (Fee Revenue / GWP). Is this percentage stable or growing? A stable, healthy take rate on a growing GWP is a sign of a strong business model. * Ceded Written Premium: This shows how much of the total premium is being passed on to their capital partners. The Ceded Ratio (Ceded Premium / GWP) is a key strategic indicator. A high ceded ratio (e.g., 80-95%) confirms their capital-light, fee-driven model. A significant change in this ratio could signal a strategic shift in how much risk they are willing to retain. * Net Earned Premium (NEP) and Net Combined Ratio: These metrics are still relevant, but only for the small portion of risk Accelerant retains. A good Net Combined Ratio (below 100%) on their retained book shows underwriting discipline and proves they have "skin in the game" with positive results. It gives credibility to the risks they are sourcing for their partners. 3. Analyzing the Balance Sheet: Focus on Counterparty Risk and Capital Efficiency * Liabilities (Loss Reserves, Unearned Premiums): As discussed, these are primarily "pass-through" liabilities. The key is not just the absolute number, but its relationship to the corresponding asset. * Assets (Reinsurance Recoverables): This is arguably the most critical asset to scrutinize. It represents all the money Accelerant expects to collect from its capital partners to pay claims. You must ask: * Who are these partners? Are they highly-rated, financially stable institutions? The diversification and credit quality of this panel are paramount. A concentration of recoverables from a few, lower-rated partners is a major red flag. * How does this asset compare to the gross liabilities? The "Reinsurance Recoverables" should largely mirror the "Loss and Loss Adjustment Reserves." * Cash and Investments: Accelerant holds the premium (the "float") before it's paid out for claims or ceded to partners. Analyze the quality and liquidity of their investment portfolio. Given their model, it should be highly conservative and liquid.
Kommentarene ovenfor kommer fra brukere på Nordnets sosiale nettverk Shareville og er verken redigert eller forhåndsvist av Nordnet. De innebærer ikke at Nordnet gir investeringsråd eller investeringsanbefalinger. Nordnet påtar seg ikke ansvar for kommentarene.
Ordredybde
Antall
Kjøp
0
Selg
Antall
0
Siste handler
| Tid | Pris | Antall | Kjøpere | Selger |
|---|---|---|---|---|
| - | - | - | - |
Høy
21,62VWAP
Lav
18,26OmsetningAntall
50,1 4 356 928
VWAP
Høy
21,62Lav
18,26OmsetningAntall
50,1 4 356 928
Meglerstatistikk
Fant ingen data
Kunder besøkte også
Selskapshendelser
| Kommende | |
|---|---|
Selskapskalender ikke tilgjengelig | |
| Historisk | ||
|---|---|---|
| 2025 Kvartalsrapport (Q2) | 28. aug. |
Data hentes fra Quartr
Kvartalsrapport (Q2)
5 dager siden‧50min
Nyheter og Analyser
Det er for øyeblikket ingen nyheter
Nyheter og/eller generelle investeringsanbefalinger, eller utdrag av disse på denne siden og øvrige lenker, er produsert og levert av den spesifiserte leverandøren. Nordnet har ikke deltatt i utarbeidelsen, og har ikke gjennomgått eller gjort endringer i materialet. Les mer om investeringsanbefalinger.
Selskapshendelser
| Kommende | |
|---|---|
Selskapskalender ikke tilgjengelig | |
| Historisk | ||
|---|---|---|
| 2025 Kvartalsrapport (Q2) | 28. aug. |
Data hentes fra Quartr
Shareville
Bli med i samtalen på SharevilleEt fellesskap av investorer som deler innsikt og kunnskap i sine porteføljer.
Logg inn
- for 1 døgn sidenfor 1 døgn sidenI’m in. Interesting business and would see this scale and deliver pretty steady returns over long term. Did some Gemini sparring to quickly dig deeper into the business model: To analyze Accelerant effectively, you must separate platform performance from risk retention. You need to look through the traditional insurance metrics to see the health and growth of the underlying marketplace. Here’s how to dissect their financial results and balance sheet with this dual perspective in mind. 1. Reconciling the Business Model with the Balance Sheet The reason the balance sheet looks like a traditional insurer's is due to accounting regulations. As the entity issuing the insurance policy, Accelerant is the primary obligor to the policyholder. Therefore, they must record the entire "gross" premium as a liability (Unearned Premium Reserve) and establish reserves for potential claims (Loss and Loss Adjustment Reserves). However, most of this risk is immediately passed on to their risk capital partners (reinsurers). This is reflected on the asset side of the balance sheet as "Reinsurance Recoverables." Think of it this way: * Gross Figures (What you see): Reflect the total activity and scale of the entire marketplace. * Net Figures (What Accelerant keeps): Reflect the small slice of risk Accelerant retains on its own balance sheet. Analyzing one without the other will give you a misleading picture. 2. Analyzing the Income Statement: Focus on Platform Metrics For a traditional insurer, you'd focus on Net Earned Premium and the Combined Ratio. For Accelerant, the story is more nuanced. * Gross Written Premium (GWP): This is your most important top-line metric. Treat it like a Gross Merchandise Value (GMV) for an e-commerce marketplace. Strong, consistent growth in GWP indicates that their platform is attracting more MGA members and writing more business. This is the primary indicator of the platform's success. * Fee Revenue / Service Revenue: This is Accelerant's core platform revenue. It's the fees they charge for connecting MGAs with risk capital. Analyze this as a "Take Rate" (Fee Revenue / GWP). Is this percentage stable or growing? A stable, healthy take rate on a growing GWP is a sign of a strong business model. * Ceded Written Premium: This shows how much of the total premium is being passed on to their capital partners. The Ceded Ratio (Ceded Premium / GWP) is a key strategic indicator. A high ceded ratio (e.g., 80-95%) confirms their capital-light, fee-driven model. A significant change in this ratio could signal a strategic shift in how much risk they are willing to retain. * Net Earned Premium (NEP) and Net Combined Ratio: These metrics are still relevant, but only for the small portion of risk Accelerant retains. A good Net Combined Ratio (below 100%) on their retained book shows underwriting discipline and proves they have "skin in the game" with positive results. It gives credibility to the risks they are sourcing for their partners. 3. Analyzing the Balance Sheet: Focus on Counterparty Risk and Capital Efficiency * Liabilities (Loss Reserves, Unearned Premiums): As discussed, these are primarily "pass-through" liabilities. The key is not just the absolute number, but its relationship to the corresponding asset. * Assets (Reinsurance Recoverables): This is arguably the most critical asset to scrutinize. It represents all the money Accelerant expects to collect from its capital partners to pay claims. You must ask: * Who are these partners? Are they highly-rated, financially stable institutions? The diversification and credit quality of this panel are paramount. A concentration of recoverables from a few, lower-rated partners is a major red flag. * How does this asset compare to the gross liabilities? The "Reinsurance Recoverables" should largely mirror the "Loss and Loss Adjustment Reserves." * Cash and Investments: Accelerant holds the premium (the "float") before it's paid out for claims or ceded to partners. Analyze the quality and liquidity of their investment portfolio. Given their model, it should be highly conservative and liquid.
Kommentarene ovenfor kommer fra brukere på Nordnets sosiale nettverk Shareville og er verken redigert eller forhåndsvist av Nordnet. De innebærer ikke at Nordnet gir investeringsråd eller investeringsanbefalinger. Nordnet påtar seg ikke ansvar for kommentarene.
Ordredybde
Antall
Kjøp
0
Selg
Antall
0
Siste handler
| Tid | Pris | Antall | Kjøpere | Selger |
|---|---|---|---|---|
| - | - | - | - |
Høy
21,62VWAP
Lav
18,26OmsetningAntall
50,1 4 356 928
VWAP
Høy
21,62Lav
18,26OmsetningAntall
50,1 4 356 928
Meglerstatistikk
Fant ingen data