ARX
Financial ServicesAccelerant Holdings · Insurance - Brokers · $4B
What is Accelerant Holdings?
Accelerant Holdings operates a data-driven risk exchange that connects specialty insurance underwriters with risk capital partners. Founded in 2018 and headquartered in Grand Cayman, the company serves commercial clients across the United States, Europe, Canada, and the United Kingdom.
Accelerant runs a technology-enabled platform — the Risk Exchange — where vetted specialty underwriters access risk capital and where capital partners deploy capacity into curated insurance portfolios. The company earns fees based on premiums written through the exchange, operates managing general agent businesses, and maintains an underwriting segment that underwrites property and casualty insurance directly. This three-segment model blends fee-based platform revenue with traditional insurance underwriting, targeting small-to-medium commercial risks.
Accelerant Holdings was founded in 2018 and is headquartered in Grand Cayman, Cayman Islands.
- Risk Exchange platform connecting underwriters with capital partners
- MGA operations generating origination and underwriting fees
- Property and casualty insurance underwriting
- Reinsurance arrangement capabilities through consolidated carriers
- Data ingestion and agency technology services for members
Is ARX a Good Stock to Buy?
UQS Score rates ARX as Below Average overall, reflecting meaningful concerns across several key pillars.
The standout feature of ARX's profile is its Growth pillar, which registers as Strong — suggesting the business is expanding at a pace that stands out relative to sector peers. The Valuation pillar is rated Attractive, meaning the stock does not appear richly priced relative to its fundamentals.
Quality, Moat, and Risk all score as Weak, which raises questions about earnings durability, competitive defensibility, and the stability of the business model under stress.
Pro members can view the complete pillar breakdown and underlying financial metrics to form a more complete picture. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does ARX pay dividends?
No — Accelerant Holdings does not currently pay a dividend.
Accelerant Holdings does not currently pay a dividend. As a growth-oriented specialty insurance platform still scaling its exchange model, the company appears to prioritize reinvesting capital into platform expansion and member acquisition rather than returning cash to shareholders. Income-focused investors should factor this into their assessment.
When does ARX report earnings?
Accelerant Holdings reports earnings on a quarterly cadence, consistent with standard practice for US-listed financial services companies.
The company's Strong Growth pillar suggests top-line expansion has been meaningful, though the Weak Quality and Risk ratings indicate that profitability and cash generation may not yet match revenue momentum. Investors should monitor how the exchange model scales relative to underwriting losses.
For the most recent quarter's results and guidance, visit Accelerant Holdings' investor relations page directly.
ARX Price History
-44.7% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
ARX Long-term Outlook
Accelerant's fundamental outlook is shaped by the tension between its Strong Growth profile and its Weak Quality and Risk ratings. The platform model has clear expansion potential as more underwriters and capital partners join the exchange, but the path to durable profitability remains a key question. The Attractive Valuation label suggests the market has not yet priced in a best-case growth scenario, leaving room for upside if execution improves — but also reflecting uncertainty around the business model's maturity.
Growth drivers
- Expansion of the Risk Exchange membership base across new geographies
- Fee revenue scaling as premiums written through the platform grow
- Increasing demand for specialty insurance capacity in commercial lines
Key risks
- Weak Risk pillar signals potential volatility in underwriting results
- Weak Moat rating suggests limited pricing power and competitive differentiation
- Early-stage platform dynamics may pressure margins before scale is achieved
ARX vs Peers
Accelerant operates in a competitive specialty insurance and insurance services landscape alongside several established players.
CorVel focuses on managed care and workers' compensation cost containment rather than specialty risk exchange, serving a distinct segment of the insurance services market.
Baldwin operates as a diversified insurance distribution and MGA business, competing more directly with Accelerant's MGA operations segment.
Erie Indemnity is a large, established property and casualty insurer with a long-standing agency network, representing a more mature and capital-intensive model than Accelerant's exchange approach.
Frequently Asked Questions
What does Accelerant Holdings do?
Accelerant Holdings operates a data-driven risk exchange that connects specialty insurance underwriters with risk capital partners. It also runs MGA businesses and an underwriting segment focused on property and casualty insurance, primarily serving small-to-medium commercial clients in the US, Europe, Canada, and the UK.
Does ARX pay dividends?
No, Accelerant Holdings does not currently pay a dividend. The company is in a growth phase and appears to reinvest available capital into expanding its Risk Exchange platform and member base rather than distributing cash to shareholders.
When does ARX report earnings?
Accelerant Holdings follows a standard quarterly earnings cadence. For the most current reporting schedule and recent results, check the company's official investor relations page, as specific dates are subject to change.
Is ARX a good stock to buy?
ARX carries a Below Average UQS Score overall. While its Growth pillar is Strong and Valuation is Attractive, the Quality, Moat, and Risk pillars are all rated Weak. That combination warrants careful consideration. The full pillar breakdown is available to Pro members on UQS Score.
Is ARX overvalued?
The UQS Valuation pillar for ARX is rated Attractive, suggesting the stock is not trading at a premium relative to its fundamentals. However, Attractive valuation alone does not offset the Weak Quality and Risk ratings — context across all five pillars matters.
How does ARX compare to its competitors?
Compared to peers like Erie Indemnity and Baldwin Insurance Group, Accelerant is a younger, platform-oriented business with a different revenue model. Its Strong Growth rating suggests faster expansion than more mature competitors, but its Weak Moat and Quality ratings reflect the earlier stage of its competitive positioning.
What is ARX's market cap bracket?
Accelerant Holdings is classified as a mid-cap company. This places it in a range where growth potential can be meaningful, but where institutional coverage and liquidity may be less extensive than for large-cap financial services peers.
Who founded Accelerant Holdings?
Accelerant Holdings was founded in 2018. For detailed information on the founding team and leadership history, the company's official website and public filings are the most reliable sources.
Is ARX a long-term quality investment?
As a long-term quality indicator, ARX's Below Average UQS Score reflects real concerns — particularly the Weak Quality, Moat, and Risk ratings. Strong Growth and Attractive Valuation offer some counterbalance, but long-term durability typically requires stronger moat and quality characteristics. Pro members can access the full analysis.
What is the main competitive advantage of Accelerant Holdings?
Accelerant's platform model — connecting vetted underwriters with risk capital through a technology-enabled exchange — is its primary differentiator. However, the UQS Moat pillar rates this advantage as Weak, suggesting the competitive position is not yet deeply entrenched relative to sector peers.
What sector does ARX belong to?
Accelerant Holdings operates in the Financial Services sector, specifically within specialty insurance and insurance technology. Its exchange model blends elements of insurance distribution, MGA operations, and direct underwriting within a single platform structure.
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Pro Analysis
ARX — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 46.8 | 25.0 | 23.0 | 85.0 | 36.4 | 82.3 | 0.0 |
| May 22, 2026 | 46.8 | 25.0 | 23.0 | 85.0 | 36.4 | 82.6 | -0.1 |
| May 21, 2026 | 46.9 | 25.0 | 23.0 | 85.0 | 36.4 | 82.8 | 0.0 |
| May 20, 2026 | 46.9 | 25.0 | 23.0 | 85.0 | 36.4 | 83.0 | -0.1 |
| May 19, 2026 | 47.0 | 25.0 | 23.0 | 85.0 | 36.4 | 83.4 | -0.1 |
| May 16, 2026 | 47.1 | 25.0 | 23.0 | 85.0 | 36.4 | 84.1 | -0.1 |
| May 15, 2026 | 47.2 | 25.0 | 23.0 | 85.0 | 36.4 | 84.7 | -0.5 |
| May 14, 2026 | 47.7 | 25.0 | 23.0 | 85.0 | 36.4 | 88.3 | +0.3 |
| May 13, 2026 | 47.4 | 25.0 | 23.0 | 85.0 | 36.4 | 86.5 | -0.1 |
| May 12, 2026 | 47.5 | 25.0 | 23.0 | 85.0 | 36.4 | 86.7 | 0.0 |
ARX — Pillar Breakdown
Quality
— 25.0/100 (25%)Accelerant Holdings currently shows below-average quality metrics, suggesting challenges with profitability.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 85.0/100 (20%)Accelerant Holdings is growing rapidly with strong revenue and earnings expansion.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 36.4/100 (15%)Accelerant Holdings has some risk factors including moderate leverage or solvency concerns.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 82.3/100 (15%)Accelerant Holdings appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Moat
— 23/100 (25%)Accelerant Holdings operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ARX.
Score Composition
Financial Data
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How is the ARX UQS Score Calculated?
The UQS (Unified Quality Score) for Accelerant Holdings is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Accelerant Holdings's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Accelerant Holdings is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.