Company did not provide specific guidance for future quarters or the full year
Q2 results
US flood insurance platform's Q2 revenue rose 33% yr/yr to a record high
Net income for Q2 increased 36% yr/yr, reaching a record $15.8 mln
Adjusted EBITDA for Q2 grew 37% yr/yr to $34.5 mln, and margin reached 62%
Result drivers
New business sales — Co said record new business sales contributed to Q2 results
Written premium growth — Written premium grew 31% yr/yr to a record $126.9 mln, supporting revenue growth
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the multiline insurance & brokers peer group is "buy"
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