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[@CedarStResearch](/creator/twitter/CedarStResearch)
"Everything about $RYAN screams frothy valuation"  
[X Link](https://x.com/CedarStResearch/status/1943696875615301675) [@CedarStResearch](/creator/x/CedarStResearch) 2025-07-11T15:40Z 2311 followers, 1641 engagements


"@Run4Covers @spartywrx It's not $RYAN will put a post out on it shortly. We have a bunch of other items on our plate and happy to release some of the data to the public for free. Although based on the way $RYAN is trading it looks like we were pretty on point on that one to"  
[X Link](https://x.com/CedarStResearch/status/1952475955639005613) [@CedarStResearch](/creator/x/CedarStResearch) 2025-08-04T21:05Z 2308 followers, XX engagements


"@Run4Covers @spartywrx Nothing wrong with $RYAN as an entity I just thought they were overvalued and overpaying for MGA's"  
[X Link](https://x.com/CedarStResearch/status/1952481124833263746) [@CedarStResearch](/creator/x/CedarStResearch) 2025-08-04T21:25Z 2308 followers, XX engagements


"Took a hard look at $AGL over the weekend. As much as I would love to buy a stock at $XXXX when it's trading at XX% of revenue I'm going to hold off for now. I do not think there are any fundamentals that are moving the stock other than pure speculation right now. The CMS controls rate increases and decreases for Medicare Advantage providers and $AGL charges their customers via fixed premiums per customer through their value based care contracts that is subject to the rate limitations of the CMS. CMA approved a +5.6% rate change for 2026 everything I'm reading says this is barely keeping pace"  
[X Link](https://x.com/CedarStResearch/status/1959987799437853079) [@CedarStResearch](/creator/x/CedarStResearch) 2025-08-25T14:34Z 2309 followers, 1214 engagements


"@HettyGreen2020 If it comes down to 20x or less I agree it would be a buy for me as well. Ultimately its a fantastic business model. Every time the market has tried pricing it above 30x the cap has come crashing back to reality. Happened to $RYAN and $ARX"  
[X Link](https://x.com/CedarStResearch/status/1970465932926730268) [@CedarStResearch](/creator/x/CedarStResearch) 2025-09-23T12:31Z 2309 followers, XXX engagements


"@TyRobben @DJ_EBITDA @JohnHuber72 @colarion Was having some issues responding X never seems to work properly anymore but I have my eye on $PLMR Quake is a $$$ machine and properly reinsured and I like the Neptune strategy"  
[X Link](https://x.com/CedarStResearch/status/1972502048416604593) [@CedarStResearch](/creator/x/CedarStResearch) 2025-09-29T03:21Z 2308 followers, XXX engagements


"I've been sourcing data on $PGR unfortunately just like all of the InsurTech's - Progressives telematics algorithm and underwriting materials are confidential. What has been interesting to learn is how comprehensive their data infrastructure is how complex and dynamic their pricing models are and all the AI integrations they've made to the tech stack across their entire flywheel. Funny enough Tesla insurance was the only one that made the mistake of including their "confidential" telematics algorithm in their rate filings. I think if we were able to take a peek under the hood of each they are"  
[X Link](https://x.com/CedarStResearch/status/1973394876998852933) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-01T14:29Z 2309 followers, 2669 engagements


"$ARX weakness continues"  
[X Link](https://x.com/CedarStResearch/status/1973421166758076913) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-01T16:14Z 2308 followers, 1144 engagements


"@FinnLinderman Most of the sector is down at the moment if you track stamping data E&S growth went negative in September so I'm wondering if that's hitting some of the E&S focused carriers a little hard at the moment"  
[X Link](https://x.com/CedarStResearch/status/1973440021849088169) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-01T17:29Z 2308 followers, XX engagements


"Happy for the $NP community great company. I was willing to buy $NP at anything below $1.75B obviously that valuation never even came close to fruition. That was 20x FY Adj EBITDA 2025 which I had pegged at $93.3m. $NP is now trading at 45x that Adj EBITDA. Anyone notice that their market cap is $4.2B and the entire Flood insurance market is $5B Let that sink in for a second lol $NP can't write XXX% of the market since +50% of the policies in-force are in high hazard flood zones that are uninsurable. Do I think $NP is a fantastic company (Yes) do I think this valuation is completely nuts"  
[X Link](https://x.com/CedarStResearch/status/1974171290870112440) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-03T17:54Z 2311 followers, 1348 engagements


"Very cool embedded insurance platform for renters thanks for the great write up @FloodQuake and team @coverager. Looks like $PGR accesses it via their American Modern agency / fee play. Property management software giant Entrata is moving deeper into residents lives having launched Homebody RXP back in May. The Resident Experience platform combines rent payments maintenance requests and on-demand lifestyle services plus a growing suite of insurance offerings. $PGR $LMND $MKL $ALL $AIZ"  
[X Link](https://x.com/CedarStResearch/status/1974471360601641087) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-04T13:47Z 2308 followers, 1126 engagements


"Another embedded renters solution I remember talking to Alex a long time ago when they were building this product at Boost. Glad its working out. $LMND $PGR $AIZ"  
[X Link](https://x.com/CedarStResearch/status/1974476799238177110) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-04T14:08Z 2308 followers, XXX engagements


"Interesting take on UBI by JD Power $PGR has some work to do. I hear the app is good but in states where the device is statutorily required to be installed in the car due to a variety of items but privacy laws driving the issue its not as user friendly. Nationwide seems to be very well liked by their Insured(s)"  
[X Link](https://x.com/CedarStResearch/status/1974627542934995005) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-05T00:07Z 2308 followers, 1220 engagements


"$GWRE is an interesting stock has a deep moat in the commercial insurance sector actively looking to integrate AI across the stack or partner up. There's only so many commercial insurance carriers and I think they are contracted with XXX going from memory. It's tough owning something at it's current valuation but it is a great company and cornered a market. I attend that InsurTech convention in NY every other year some software businesses doing very cool things but most are focused on one aspect of the services provided by $GWRE. There are so many payments focused companies it's a little"  
[X Link](https://x.com/CedarStResearch/status/1975198308135059572) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-06T13:55Z 2308 followers, XXX engagements


"I think $ROOT can turn it around from here probably getting nice discount if you think growth is on the horizon. Probably going to see a rise in marketing spend will be interesting to see how efficiently they can manage that with growth / profitability as their net expense ratio is much higher than the industry average at 30.3%. Timm is very smart just not as marketing savvy as $LMND or capital markets savvy but his accounting is also not an adjusted alphabet soup. Its is the age old question would you rather have XX% of a $1B or XX% of $80B As an executive youd pick the later as an investor"  
[X Link](https://x.com/CedarStResearch/status/1975560033829077125) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-07T13:53Z 2309 followers, XXX engagements


"$AGL could really do themselves a favor by adding the initials "ai" to the website. Joking of course. The path down seems never ending if they can't get their pricing model to work and shake off that adverse development"  
[X Link](https://x.com/CedarStResearch/status/1975641980005663135) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-07T19:18Z 2308 followers, XXX engagements


"I think $ROOT will be fine but heres a few as I just enjoy playing devils advocate: if $CVNA ends up having the same credit quality quality / charge off issues as $KMX or DriveTime related party financing ends up being a scam youll have issues as OEM is such a big part of the PIF story. Fortunately $CVNA earnings are before $ROOT so something to track carefully. A lot of problems in the near and sub prime world at the moment which could be challenging as $ROOT services alot of that being predominantly a non-standard auto carrier. UW leverage is high at 5x so if the loss ratio shoots up for an"  
[X Link](https://x.com/CedarStResearch/status/1975832668710318507) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-08T07:56Z 2308 followers, XXX engagements


"App Store - Finance Top Apps $PGR $LMND $ROOT $PGR #7 and State Farm surprisingly #14 dont hold a legacy fart down XX second world record Im told Insurtech in the nose bleeds"  
[X Link](https://x.com/CedarStResearch/status/1976251670112657534) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-09T11:41Z 2318 followers, 2028 engagements


"If $DUOL is an AI play as a white labeled GPT company (#1 token user) than $PGR should change their website to because they are integrating ai throughout the entire platform. Kidding about the website ofcourse"  
[X Link](https://x.com/CedarStResearch/status/1977748209721045080) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-13T14:48Z 2311 followers, XXX engagements


"Been awhile E&S carriers seem to be having a strong Q3 based on stamp data I reviewed but will look at the whole sector as Ive only really looked at individual companies right now. Definitely way down from its high. $RYAN has a good flywheel in terms of wholesale brokerage MGA platform and some balance sheet risk they take on in a separate reinsurance cell via Bermuda. They buy MGAs on LTM multiples and the stock is priced on a forward multiple so thats an immediate gain plus synergistically they can wholesale accounts into the MGA with synergies analyzed pre-close. Do I think all their MGA"  
[X Link](https://x.com/CedarStResearch/status/1977756865028100167) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-13T15:22Z 2309 followers, XXX engagements


"Seems like old dogs can learn new tricks. Hard to get more efficient than a software based parametric payout. $CB"  
[X Link](https://x.com/CedarStResearch/status/1977807947070882198) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-13T18:45Z 2309 followers, XXX engagements


"Where all the selling is happening"  
[X Link](https://x.com/CedarStResearch/status/1978086642498822552) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-14T13:13Z 2308 followers, 1290 engagements


"The top line premium is $92m. So around 50000 vehicles for MM. Plus the strategy is grow and retain less reinsurance. 1-100yrs event would impact it yes. Only need around 1000 vehicles to experience it not all 50000. I'm sorry but your not going to convince me that $20m in surplus is "well capitalized" insurer"  
[X Link](https://x.com/CedarStResearch/status/1978450724137607556) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-15T13:19Z 2313 followers, XXX engagements


"$LGN really interesting company. Wish I bought their competitors 5yrs ago $STN and $WSP.TO. Business is fixed contract consulting and engineering focused on data center education and life science focused with $2.6B of contracts in the pipeline. XX% of contract flow comes from $10m sized contracts. Blackstone purchased $LGN in 2020 XXX day lock-up on a large PE backed port co always puts some fear into my heart but this seems like a good multi-year hold due to the size of the ownership. Company is experiencing margin improvement and expected proceeds will pay down a chunk of debt which will"  
[X Link](https://x.com/CedarStResearch/status/1958269889803907290) [@CedarStResearch](/creator/x/CedarStResearch) 2025-08-20T20:48Z 2325 followers, 2166 engagements


"The $ERIE slow drip continues. If your long just a caution as institutions have been slowly unloading this thing. Unfortunately there's almost no trading volume so longs are trapped at the moment"  
[X Link](https://x.com/CedarStResearch/status/1970915276029132861) [@CedarStResearch](/creator/x/CedarStResearch) 2025-09-24T18:16Z 2325 followers, 1306 engagements


"Very rarely will I short a stock. If I do the conviction level has to be insanely high. Portfolio is +99.5% long at the moment. $ERIE as I've stated is structurally broken. There are a surprising amount of local insurance agents that work with Erie who are on X and have all shed some very interesting light on this company. It's a giant market cap with a sleepy trading volume. I think we see $XXX much sooner than we see $XXX. Famous last words Happy to eat my lunch if I'm wrong"  
[X Link](https://x.com/CedarStResearch/status/1970919730132160589) [@CedarStResearch](/creator/x/CedarStResearch) 2025-09-24T18:34Z 2325 followers, 12.2K engagements


"Consolidate the insurers earnings into the publicly traded entity that operates on a fee model and $ERIE trades a ridiculous PE multiple"  
[X Link](https://x.com/CedarStResearch/status/1970944652502237504) [@CedarStResearch](/creator/x/CedarStResearch) 2025-09-24T20:13Z 2325 followers, XXX engagements


"When you consolidate $ERIE earnings between the public entity and the private insurance companies the LTM PE is 37x (you can own $GOOG for 26x right now - growing faster and highly profitable) and when you strip out the realized gains on investments that boosted statutory earnings you will see the pre-tax operating income LTM PE Multiple well it's very high at 121x"  
[X Link](https://x.com/CedarStResearch/status/1970964942170791992) [@CedarStResearch](/creator/x/CedarStResearch) 2025-09-24T21:33Z 2325 followers, 2504 engagements


"$ERIE was perfectly fine for a number of years but the past 4yrs the private companies have been hosed. Unfortunately that trend hasnt reversed and Im told from a lot of insurance agents that they are moving as much as they can to $PGR. Yes I like $PGR I think the threat of FSD is a fair amount of time from now. Very innovative company and integrating AI across their tech stack. $KNSL Ive never owned due to the high PE multiple. Saw it was down a lot today but didnt know why Multiple is compressing to a point where Ill have to revisit it"  
[X Link](https://x.com/CedarStResearch/status/1971386228302864839) [@CedarStResearch](/creator/x/CedarStResearch) 2025-09-26T01:27Z 2325 followers, XXX engagements


"Saw a post saying $PGR produced net losses in it's early years to gain market share as a justification for $LMND. I don't really care what $LMND does or doesn't do but it's quite the opposite. That individual clearly has no clue what their rule of XX is and it's been institutionalized in the company since they went into the auto market. 1/2"  
[X Link](https://x.com/CedarStResearch/status/1974527906312261667) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-04T17:31Z 2325 followers, 2788 engagements


"My $CVNA securitization spreadsheet is all over X and keeps getting reposted once in a while its fun to see someone post it now. It might be working as the ABS speed is speeding up (no pun intended). Theres no way of knowing when this will end. I work with banks insurers and lenders daily theres amazing things you can do to delay or move losses. What I do know is straight up to the right is good for a stock chart and is not good for a securitization CNL. $CVNA XXX% built a user friendly way to trade used vehicles I just highly doubt they dodged the $KMX and tricolor etc mess that near /"  
[X Link](https://x.com/CedarStResearch/status/1976424733932445800) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-09T23:09Z 2325 followers, 5025 engagements


"Found my spreadsheet #thatwaseasy $CVNA"  
[X Link](https://x.com/CedarStResearch/status/1976429795677495611) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-09T23:29Z 2325 followers, 1476 engagements


"$PGR down on an EPS miss but its the weirdest EPS miss. $PGR incurred a $950m credit expense in Florida in their personal lines department because they were too profitable (above statutory limits) and have to credit money back to policyholders as a result. This credit ballooned their expense ratio for the quarter. Excluding this EPS grew +52% and their underlying underwriting results looked phenomenal. Since they filed for rate reductions this is hopefully just a 1x hit to earnings $PGR said they modeled the full credit for profit above stat limit. Call will be interesting most important item"  
[X Link](https://x.com/CedarStResearch/status/1978445300860584436) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-15T12:58Z 2325 followers, 25.3K engagements


"@Fijji471168 That was my take away from it. I'd be much more bullish on $GOOG cracking fusion than these guys cracking the nuclear market"  
[X Link](https://x.com/CedarStResearch/status/1978832333089169420) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-16T14:36Z 2325 followers, XX engagements


"Sold some $ELV today as well I made a pretty fast +15% on this one. Will be spreading it across $ORI $WRB and $GOOG"  
[X Link](https://x.com/CedarStResearch/status/1978880942686052510) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-16T17:49Z 2325 followers, 1881 engagements


"Had to check my body for bullet holes These days happen. Still up this year is what it is. Holding strong sold some positions I was up on and put the excess cash into $WRB $ORI $GOOG today. Found an interesting sonar/lidar/battery storage company I like today as well (haven't posted on the name yet) but will provide an update after I complete some more DD and make a decision"  
[X Link](https://x.com/CedarStResearch/status/1978919952624291954) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-16T20:24Z 2325 followers, 1987 engagements


"Who knows but my guess is yes over the next 12-18 months IPO likely their FCCR is probably a little elevated due to the large debt raise I think $2.1B going from memory. The brokerages are solid business up and down the rate cycle. A lot successfully are pushing for MGA facilities as it can expand margin a lot"  
[X Link](https://x.com/CedarStResearch/status/1979004581150625926) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T02:00Z 2325 followers, XX engagements


"Here's the mutual fund activity"  
[X Link](https://x.com/CedarStResearch/status/1979193554061709566) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T14:31Z 2325 followers, XXX engagements


"@UnicusResearch If you have mom fog the rest of society is doomed because your thoughts are too clear succinct and rational"  
[X Link](https://x.com/CedarStResearch/status/1979316851613274272) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T22:41Z 2325 followers, XXX engagements


"Honestly let him do it for free lol How much capital does $LMND have @Nick_Lamparelli Enough to eat a $243m loss"  
[X Link](https://x.com/CedarStResearch/status/1979373698818699610) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-18T02:27Z 2325 followers, 2638 engagements


"Solid print by the boys up North $FRFHF / $FFH.TO underwriting results consistent and time and time again prove to be world class investors in global equity markets "Oh Canada My Home and Native Land""  
[X Link](https://x.com/CedarStResearch/status/1951032553269305638) [@CedarStResearch](/creator/x/CedarStResearch) 2025-07-31T21:29Z 2322 followers, 1802 engagements


"Pretty wild you can buy $GOOG for 13.6x 2025 EV/EBITDA or $AJG for 13.7x and $BRO for 15.3x. I will keep loading up on Google as long as that continues to track"  
[X Link](https://x.com/CedarStResearch/status/1958209740439265773) [@CedarStResearch](/creator/x/CedarStResearch) 2025-08-20T16:49Z 2326 followers, 3388 engagements


"@long_equity Can add $COFA.PA and $ALV.DE to the oligopoly that is the trade credit insurance market"  
[X Link](https://x.com/CedarStResearch/status/1964482837979287867) [@CedarStResearch](/creator/x/CedarStResearch) 2025-09-07T00:16Z 2326 followers, XXX engagements


"Ever looked into KI Coalition Next $KNSL $HG or how $HIG $TRV and $CB fully automated small commercial Commercial already uses machine learning in all their actuarial models and it's all getting a fresh shot of whiskey as Palantir is quite literally partnering up with everyone behind the scenes"  
[X Link](https://x.com/CedarStResearch/status/1975955844643889294) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-08T16:05Z 2326 followers, XXX engagements


"I appreciate your insights but I dont think you understand how commercial or commercial E&S insurance is transacted And how complex tort liability claims are handled XX% of KNSL expense ratio is brokerage commission and taxes license and fees (lemonade cant fix those costs - cost to file a form and taxes). They do not use guidewire or a 3rd party DSL XXX% built in-house. In all honesty I do not see a single merit comparing Lemonade to a commercial insurer"  
[X Link](https://x.com/CedarStResearch/status/1976067324496015697) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-08T23:28Z 2324 followers, XXX engagements


"You have to hold a minimum amount on your balance sheet when issuing a securitization. I forget the exact % but it's not much around 5-10% of the gross loan at origination. They sell it to a variety of investors such as $ALLY and Drivetime to name two. Not a company I really follow but had to review their securitization data at one point for work"  
[X Link](https://x.com/CedarStResearch/status/1976651923013935154) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-10T14:11Z 2321 followers, XX engagements


"Why has the CA Stamping office not included $ASIC in their reports Are folks sleeping on their Q3 growth I honestly don't know definitively it's hard to say not knowing what they are doing in CA. As a benchmark $ASIC was up +27% in California on June XX 2025. I doubt the growth plummeted in a quarter knowing how challenging that market can be. NTM PE is 10x cheap all things considered. For the insurance nerds out their like myself their age to age factors aren't the best but it's early days. If I had to guess I think they are going to print +15% top line growth in Q3. @linglingfool"  
[X Link](https://x.com/CedarStResearch/status/1976659224538099740) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-10T14:40Z 2326 followers, 4097 engagements


"Keep your eyes peeled 🍣 🚊"  
[X Link](https://x.com/CedarStResearch/status/1977349028317704417) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-12T12:22Z 2320 followers, XXX engagements


"I wish the $LMND auto team the best. But I would never buy insurance from an insurance company that has $22.6m of surplus allocated to it"  
[X Link](https://x.com/CedarStResearch/status/1978177371116027986) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-14T19:13Z 2326 followers, 4057 engagements


"@4thShitPosting It's a credit expense so booked after LLAE and hit's the expense ratio"  
[X Link](https://x.com/CedarStResearch/status/1978449868130517217) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-15T13:16Z 2325 followers, XXX engagements


"@Stickstrom I wish them well the whole point was I'd never want my personal assets insured by a carrier that allocates this little of capital to their carrier"  
[X Link](https://x.com/CedarStResearch/status/1978450929906028910) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-15T13:20Z 2322 followers, XXX engagements


"Bought some $PGR below $XXX just seems like the sell off was a little headline driven"  
[X Link](https://x.com/CedarStResearch/status/1978469263229726773) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-15T14:33Z 2319 followers, 2072 engagements


"Yeah very weird print they were effectively too profitable in FL. One of the rare usages of profitability cap in the insurance market FL is not alone but not a common occurrence. Credit expense seems to be a one time charge actually bought a little more below $XXX as I "think" it might be a headline driven selloff"  
[X Link](https://x.com/CedarStResearch/status/1978469950013489449) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-15T14:36Z 2315 followers, XXX engagements


"@Nietschecapital From everything I read no. It was a credit that hit their expense ratio only. Ex the credit the net expense ratio would have been XXXX% and combined 86.5%. It was 3yrs of excess profits that all piled into a single quarter charge"  
[X Link](https://x.com/CedarStResearch/status/1978520028312977741) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-15T17:55Z 2324 followers, XXX engagements


"@partners_road @ActAccordingly A day like today some Q&A would have gone a long way as I'm sure many made decisions on headline news"  
[X Link](https://x.com/CedarStResearch/status/1978520269833621856) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-15T17:56Z 2316 followers, XXX engagements


"$ROOT is now sold off even more than $PGR. Wild day so far Can't imagine $ROOT would have the same credit problem as they weren't even profitable for those years"  
[X Link](https://x.com/CedarStResearch/status/1978529075128926543) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-15T18:31Z 2323 followers, 5108 engagements


"Have to look into this more but Global Infrastructure Partners track record has been second to none over the decades. Hard to say the top is in when GIP via $BLK is making a large splash in the market with plenty more in their coffers. $MSFT $NVDA"  
[X Link](https://x.com/CedarStResearch/status/1978559921210704244) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-15T20:33Z 2326 followers, XXX engagements


"I would argue after listening to what I would describe as a chilling interview between @TuckerCarlson and @sama that there isnt much of a moral compass in @sama especially after hearing some of the commentary from @elonmusk about his character. My problem is once someone breaks your trust its really hard to believe anything they say going forward. I hope none of these X responded lol"  
[X Link](https://x.com/CedarStResearch/status/1978577091999215827) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-15T21:41Z 2326 followers, 1930 engagements


"@punderfultweet @andycyau PGR could ramp up premium tomorrow if they wanted but they use an fee model where they feel UW profit isnt adequate and behind closed doors are very active with agents on business outside of just personal lines"  
[X Link](https://x.com/CedarStResearch/status/1978596560163254687) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-15T22:59Z 2324 followers, XX engagements


"@andycyau @punderfultweet Love Andy but if AI is half as good as they say embedded isnt a moat. Embedded auto does attract non/standard drivers"  
[X Link](https://x.com/CedarStResearch/status/1978597428828750207) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-15T23:02Z 2323 followers, XXX engagements


"My moves tomorrow $OKLO and $RICK on margin no looking back"  
[X Link](https://x.com/CedarStResearch/status/1978615180092142025) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-16T00:13Z 2326 followers, 1427 engagements


"Definitely a cool API for sure wouldnt argue against that fact. Just wouldnt sleep on the fact that $TSLA is offering auto in more states than $LMND already writing $500m in premium growing faster and seeing pretty early underwriting improvements in terms of loss ratio. Also sitting on a war chest of cash"  
[X Link](https://x.com/CedarStResearch/status/1979127517970575543) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T10:09Z 2326 followers, XXX engagements


"@BrokerSteve412 Im not a regulator but as states are independently regulated I would think not. Would a FL regulator monitor a situation certainly. 10/18 big day for Tesla Insurance but post Q1 CA wildfires had to see CA wanted less insurance carriers in the state"  
[X Link](https://x.com/CedarStResearch/status/1979140004010954920) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T10:58Z 2326 followers, XX engagements


"Private Credit and BDCs dragging the whole market down and folks confusing sub prime auto with what most banks hold which is prime to super prime. Superior bank credit portfolios will weather well. ABS worth monitoring on the investment side as potential exposure in conjunction with loan portfolio for the Tier 1/2 banks. I dont think its fair to compare private credit to most regional banks. Private credit average loan size can be gigantic and its all non-investment grade. Cant tell you how many PC firms I met with from 2021 to 2023 they would write quite literally anything and just tell us"  
[X Link](https://x.com/CedarStResearch/status/1979148579647426750) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T11:32Z 2324 followers, XXX engagements


"Yeah agreed ABS and even some CMBs is interesting to track because private credit firms have been up CIOs arses at P&C carriers pitching increasing exposure to illiquids. Some Bermuda definitely Cayman and even a handful of US carriers have some exposure here but I think P&C carriers at large will be fine and hopefully some rotation back into them with the weakness as the sector got kicked in the nuts the past year and really few days"  
[X Link](https://x.com/CedarStResearch/status/1979153668323549533) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T11:53Z 2324 followers, XX engagements


"@juiceboxlines @CreativeCap89 @coverager Missing my point. I was saying why not just win Tesla Insured(s) behind Teslas back. By making it public you make Tesla consider the fact that they can shut the API off like @CreativeCap89 hinted at as a possibility"  
[X Link](https://x.com/CedarStResearch/status/1979162793057153227) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T12:29Z 2325 followers, XX engagements


"The part in bold gives me a little pause for concern UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors in New Zealand the Cayman Island Singapore the United States and internationally. The company has developed a brokerage platform Tiger Trade which allows investor to trade stocks options warrants and other financial instruments that can be accessed through its APP and website"  
[X Link](https://x.com/CedarStResearch/status/1979196729435033934) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T14:44Z 2325 followers, XXX engagements


"@mindthelongterm He may have been a real life GenAI LLM from the future and we just didnt listen"  
[X Link](https://x.com/CedarStResearch/status/1979380781790224573) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-18T02:55Z 2325 followers, XX engagements


"Anyone who thinks MGA's are profitable for reinsurers should take a second look we will be publishing some Schedule P Data on the various Hybrid Fronting companies that participate in the U.S. Marketplace. We can assure you they are great at making fee income and terrible at producing underwriting profits for their reinsurers. Here's a little taste from $TSU.TO otherwise known as Trisura Group Ltd. Below is nothing but adverse development and horrible accident year loss ratio performance for (1) All Lines (2) Commercial Auto Liability (3) Other Liability - Occurrence and (4) Commercial"  
[X Link](https://x.com/CedarStResearch/status/1947652971732361347) [@CedarStResearch](/creator/x/CedarStResearch) 2025-07-22T13:40Z 2325 followers, 5865 engagements


"Nice move by Radian $RDN a step in the right direction to becoming more like $ACGL simply meaning a diversified P&C / PMI carrier rather than a monoline PMI carrier. Didnt overpay 1.5x book and around 7.7x 2025e pre-tax operating income or closer to 10x earnings. Well played boys. Simple highlight this was well executed"  
[X Link](https://x.com/CedarStResearch/status/1968670884442321044) [@CedarStResearch](/creator/x/CedarStResearch) 2025-09-18T13:38Z 2325 followers, 1109 engagements


"Historically speaking very accurate about their underwriting culture. Ive personally stayed away from investing in $RLI due to the rather high multiples the stock trades at and I cant say they were the best at taking advantage of the hard market. The reserves have heated up a little lately (Prime is having reserve issues) and with a stock priced for near perfection thats a little too risky for me. I think some of the newer E&S markets like $KNSL $ASIC $HG seem to have a software / net expense ratio advantage over them as well. Hard to see someone buying them due to the goodwill charge they"  
[X Link](https://x.com/CedarStResearch/status/1972493648458604923) [@CedarStResearch](/creator/x/CedarStResearch) 2025-09-29T02:48Z 2324 followers, XXX engagements


"If you want less life insurance exposure and more infrastructure and P&C exposure Id suggest owning $BN instead of $ARES $APO and $BX"  
[X Link](https://x.com/CedarStResearch/status/1973702834068885873) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-02T10:53Z 2325 followers, XXX engagements


"I'd throw $RNR into a near same quality bucket as $ACGL for the world of Bermuda carriers. Very well run reinsurer highly diversified and doing what I think is currently undervalued or underappreciated as it pertains to the great things they are doing with their ILS sidecar / fee income model"  
[X Link](https://x.com/CedarStResearch/status/1974231759664578639) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-03T21:55Z 2325 followers, 2643 engagements


"@longwalkcapital @DJ_EBITDA @KoyfinCharts I think the following would be interesting: (1) The % of speculative assets in one versus the other (2) Institutional user % vs other other (3) Retail leverage ratio per platform"  
[X Link](https://x.com/CedarStResearch/status/1979195040346878179) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T14:37Z 2325 followers, XXX engagements


"@longwalkcapital @DJ_EBITDA @KoyfinCharts Both are high for sure and both created user friendly platforms IKBR more for institutional / international trading. If there's ever a true recession both will tank"  
[X Link](https://x.com/CedarStResearch/status/1979195968286269610) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T14:41Z 2325 followers, XX engagements


"$FFH.TO / $FRFHF still trades at 10x earnings and 1.5x book"  
[X Link](https://x.com/CedarStResearch/status/1961424134740550028) [@CedarStResearch](/creator/x/CedarStResearch) 2025-08-29T13:42Z 2327 followers, 1270 engagements


"Its a great day to own a bunch of counter cyclical names: $ORI $WRB $CB $PGR $HIG $BRK Own $AMBC and $SKWD but more for situational reasons. $FFH.TO is trading like a tech stock today whats up with the Canadian investor base here"  
[X Link](https://x.com/CedarStResearch/status/1971207146588282898) [@CedarStResearch](/creator/x/CedarStResearch) 2025-09-25T13:36Z 2327 followers, 1112 engagements


"Personal insurance holds are $WRB $ORI $FFH.TO $BRK $CB $PGR $COFA.PA $HIG as my preferred compounders right now and special situations $AMBC $SKWD for reasons Ive stated in the past. I dont own $HG but I like their quant strategy versus the traditional hedge fund / private investment strategy that failed carriers like $SPNT and $GLRE in the past. Have some exposure to PMI as well"  
[X Link](https://x.com/CedarStResearch/status/1972496211190886402) [@CedarStResearch](/creator/x/CedarStResearch) 2025-09-29T02:58Z 2325 followers, XXX engagements


"Can't believe $WRB almost nipped $XX today the Japanese buying this thing up with no registered filings"  
[X Link](https://x.com/CedarStResearch/status/1973044494548521316) [@CedarStResearch](/creator/x/CedarStResearch) 2025-09-30T15:17Z 2327 followers, 2925 engagements


"Spent a good chunk of my afternoon brushing up on life insurers NAIC investment model act RBC/BCAR methodologies/guidelines and statutory vs BDA/CYM accounting treatments. There are much more fun things to do in life I can assure you That being said these companies run incredibly complex operations $ARES $APO $BX. You should probably only own them as a hedge not sure if anyone truly fully understand all that they do. If you do god bless"  
[X Link](https://x.com/CedarStResearch/status/1973702533060125043) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-02T10:52Z 2325 followers, 1106 engagements


"@seaurchincevice @MisterAccord Not a panican lol I was abundantly clear that my trade was only a TBV trade on the close of AAC. I own all growth tech and I use insurance as a hedge. I only own the best of the best $ORI $WRB $FFH.TO $CB $BRK $HIG $BN short $ERIE and long a couple PMI names"  
[X Link](https://x.com/CedarStResearch/status/1974111414500671544) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-03T13:56Z 2325 followers, XXX engagements


"What are some of your favorite banks insurers or SaaS plays and why Insurtech opinions are welcome. Heres a few of my personal favorite medium / long term holds: $ORI $WRB $FFH.TO $GOOG $CRWD $MSFT $TSM $PGR Heres a few interest rate plays: $ACGL $NMIH $ESNT $ACT $KRNY $JPM $MS $LDI $BETR"  
[X Link](https://x.com/CedarStResearch/status/1974835917119492495) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-05T13:55Z 2325 followers, 2444 engagements


"$ROOT policies in force grew from 453k in Q1 to 455k in Q2 and average premium was flat. Average personal auto DWP premium change based on statutory data was +4.5% in Q2 and $PGR did +14.4%. What are we thinking about for Q3 for $ROOT FY 2024 PIF grew +2% with some marginal rate change which was a strong growth year for the market"  
[X Link](https://x.com/CedarStResearch/status/1975683424892457233) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-07T22:03Z 2325 followers, 1391 engagements


"@SayNoToTrading Any pull back in $WRB $ORI $CB $FFH.TO I typically reload if I have excess cash on the sidelines. $SKWD I own at $XX so if it goes down much from here I'd potentially reload. My $SKWD trade is really Apollo getting approved by reg's and an EPS boost in early 2026 as a result"  
[X Link](https://x.com/CedarStResearch/status/1978524787069636758) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-15T18:14Z 2327 followers, XXX engagements


"@punderfultweet Sure it had nothing to do with the $950m charge lol"  
[X Link](https://x.com/CedarStResearch/status/1978547055200006424) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-15T19:42Z 2325 followers, XXX engagements


"Just took a look through $OKLO Q2 investor presentation. The deck reads like a VC pitch deck that is looking for a Series A round. They dont have the licensing lined up they dont have a reactor built they dont even talk about the reactor design at all I doubt they have enough access to uranium. They spend most of it talking about regulatory changes giga watt advantages over more traditional power sources etc Short answer is we dont really have enough power to feed the compute demand. It will be interesting if this pushes real funding to fusion projects that have really been at this stage more"  
[X Link](https://x.com/CedarStResearch/status/1978818132257948011) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-16T13:39Z 2326 followers, 2225 engagements


"What will be interesting with $OKLO is if it get's totally disrupted by $GOOG through their investment in TAE Technologies. Might have to load up on more $GOOG"  
[X Link](https://x.com/CedarStResearch/status/1978826678626357735) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-16T14:13Z 2327 followers, 1183 engagements


"2x long ETF for $LMND why am I not surprised Miami finance at it's best"  
[X Link](https://x.com/CedarStResearch/status/1978837110783135765) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-16T14:55Z 2327 followers, 2177 engagements


"Closed $ERIE bought some more $WRB. Will be adding some excess cash to $GOOG as well"  
[X Link](https://x.com/CedarStResearch/status/1978874658607743247) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-16T17:24Z 2327 followers, XXX engagements


"@TyRobben @BrokerSteve412 Love this exchange"  
[X Link](https://x.com/CedarStResearch/status/1978877613092266375) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-16T17:36Z 2327 followers, XX engagements


"Funny these guys were trying to buy Everton at one point unbelievable story"  
[X Link](https://x.com/CedarStResearch/status/1978921209296265660) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-16T20:29Z 2327 followers, XXX engagements


"Just scraped CAP IQ quickly here's what I'm seeing on a FY 2025 TEV/EBITDA estimates. Still trading at peak M&A valuations of 16x EBITDAC. $MMC - 15.7x $AON - 16.6x $AJG - 16.3x $WTW - 14.1x $BRO - 14.4x 15.4x average and then what I always love comparing them to: $GOOG - 15.6x I'll personally keep buying $GOOG as long as these TEV/EBITDA figures track. There's been a lot of broker consolidation the past few years guessing a few more as there are some newer entrants that cracked the top XX and are deep into private funding rounds (World Insurance / Acrisure etc.) as examples. If I had to own"  
[X Link](https://x.com/CedarStResearch/status/1978930354439303563) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-16T21:05Z 2327 followers, XXX engagements


"Agreed but likely a lot of high risk drivers as insurance is all about adverse selection when a product first rolls out. Elon is a pretty sharp fellow if he can launch rockets to space build satellite based internet start the first ever fully electric vehicle I think hes smart enough to crack auto insurance pricing and distribution. He might have better future OEM connections than $ROOT due to his global supply chain"  
[X Link](https://x.com/CedarStResearch/status/1979156677040521562) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T12:04Z 2327 followers, XX engagements


"@heyshalin @coverager I think its also to self-insure their fleet same as Waymo. They have a facility to retain a large % of products liability and then can offer customers insurance based on state of the art telematics"  
[X Link](https://x.com/CedarStResearch/status/1979184723231400072) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T13:56Z 2326 followers, XX engagements


"@hedgequote Nice just saw this one pop up on my feed had no clue the annual spend was $1.5B that almost rivals JP Morgan's $2B"  
[X Link](https://x.com/CedarStResearch/status/1979230857626857502) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T16:59Z 2325 followers, XX engagements


"Still formulating but a high concentration of the OEM revenue is non-standard auto which is either low FICO or high risk drivers. Thats just what the OEM channel typically is. Carvana probably pushed through Q3 but it would make me a little nervous on future growth from the OEM channel if the volume slows down"  
[X Link](https://x.com/CedarStResearch/status/1979261186727383450) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T19:00Z 2327 followers, XXX engagements


"@CreativeCap89 I have no clue I know its around XX% of their new business maybe a little more and its mostly between Carvana and Hyundai. Hard to see how it doesnt impact volume in the wholesale auto market"  
[X Link](https://x.com/CedarStResearch/status/1979263781546135610) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T19:10Z 2327 followers, XXX engagements


"@YankeeGehrig4 I think Carvana is eventually cooked"  
[X Link](https://x.com/CedarStResearch/status/1979300301023678526) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T21:35Z 2327 followers, XX engagements


"@Nick_Lamparelli Stocks beaten to shit and growing like a weed No clue when the bottom hits but I agree stocks been beaten to death"  
[X Link](https://x.com/CedarStResearch/status/1979300539989889154) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T21:36Z 2325 followers, XX engagements


"@Nick_Lamparelli Im a broken record but its because theres more retail than you can respond to these guys and gals have no clue the reason Waymo and Tesla setup insurance entities is so they can self insure the products liability and personal risk when not in FSD god damnit lol"  
[X Link](https://x.com/CedarStResearch/status/1979351457582452767) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-18T00:58Z 2327 followers, XXX engagements


"@MatchasmMatt @farzyness What lol Waymo already self insures over $1B of liability Elon setup an insurance company literally to self insure his fleet and provide outward insurance for individuals. My god"  
[X Link](https://x.com/CedarStResearch/status/1979363324988121453) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-18T01:46Z 2326 followers, XX engagements


"@Nick_Lamparelli Wouldnt work because its not a per risk problem you need $1B of capacity so you actually have to have reinsurance and a balance sheet thats not made out of Swiss cheese. MetroMile $23m in declining surplus would die a fast death"  
[X Link](https://x.com/CedarStResearch/status/1979376745003282874) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-18T02:39Z 2327 followers, XXX engagements


"Long-term hold and forget you own it: $ORI $WRB $CB $FFH.TO $BRK SBA compounder: $NBN (LTV / NCO goldmine) Special situation: $AMBC - Oaktree / Everspan Sale $ATLC - Fintiv Lawsuit against $AAPL Cheap Turnaround Stories: $JRVR - 0.5x book (Uber killed them) $UFCS - 0.9x book (solid fixer upper) $AHL - 5x PE (tough past long tail) $AGL - 0.1x sales (high risk turnaround) PMI Resi Mortgage Exposure: $ACT $NMIH $ESNT $AGCL $MTG Ideal Target for a Takeover: $SAFT (1.2x book cheap for personal lines management cant diversify out of MA or raise rates quick enough - lazy dividend stock with solid"  
[X Link](https://x.com/CedarStResearch/status/1954223158548107732) [@CedarStResearch](/creator/x/CedarStResearch) 2025-08-09T16:48Z 2327 followers, 5143 engagements


"Theres a select few who know what they are doing in commercial auto and the rest are bottom feeders chasing growth and lighting piles of $$$ on fire. Winners: $ORI $RLI $WRB"  
[X Link](https://x.com/CedarStResearch/status/1955252264332902871) [@CedarStResearch](/creator/x/CedarStResearch) 2025-08-12T12:57Z 2327 followers, XXX engagements


"$WRB approved rate changes 2025 YTD. Mid single digit weighted return similar to what we saw with $ORI. Most of these rate filings don't go into affect until 1/1/2026. Softening but not soft. Seeing a trend of appropriate rate decisions by our favorite names. The more diversified and niche of an insurance product suite the better in my experience. The 2010 to 2019 soft cycle experienced an influx of "cheap" capital that led to very poor industry wide underwriting decisions (simple supply and demand) for the better half of a decade. High level it seems like the specialty carriers are holding"  
[X Link](https://x.com/CedarStResearch/status/1957873073593676188) [@CedarStResearch](/creator/x/CedarStResearch) 2025-08-19T18:31Z 2327 followers, 1054 engagements


"More to follow but $ERIE underlying insurance subsidiaries produced a pretty massive $XXX million net loss through the first half of 2025 on a statutory basis. That's up $XXX million from the 1st quarter. Surplus dropped by $XX million and would have fallen further had the carriers not experienced an unrealized gain in their investment portfolio. The public co is showing record profit while the insurers are getting absolutely drained. More importantly policyholders are the ones subsidizing the shareholder dividend"  
[X Link](https://x.com/CedarStResearch/status/1960385022268981286) [@CedarStResearch](/creator/x/CedarStResearch) 2025-08-26T16:53Z 2327 followers, 1727 engagements


"I do not understand $ERIE valuation. Trades at 29x LTM EPS and grew X% last quarter. The are not good at underwriting or pricing. They've managed to lose $2.6B of capital of their policyholders funds from 2021 to Q2 2025. They do not buy back stock and their dividend is only 1.5%. Makes my brain hurt"  
[X Link](https://x.com/CedarStResearch/status/1962912653858181480) [@CedarStResearch](/creator/x/CedarStResearch) 2025-09-02T16:17Z 2327 followers, 2400 engagements


"As pointed out by a friend and a very interesting dynamic to watch but are $ERIE longs simply trapped in a stock with almost no daily trading volume Seems like this is just a slow grind down to $200-$250 in the meantime. Love that analyst still put weight on the exchanges EPS and a neutral outlook look under the hood at the SERFF data and youll see the insurance portfolios are structurally broken from a premium / loss trend"  
[X Link](https://x.com/CedarStResearch/status/1968674967794434229) [@CedarStResearch](/creator/x/CedarStResearch) 2025-09-18T13:54Z 2327 followers, XXX engagements


"Any insurance agents out there that place personal auto Would love to hear about what you are seeing in terms of auto claims inflation. Actuaries welcome to join the chat as well. $PGR $ALL $ERIE"  
[X Link](https://x.com/CedarStResearch/status/1971310145058885820) [@CedarStResearch](/creator/x/CedarStResearch) 2025-09-25T20:25Z 2327 followers, XXX engagements


"Friday's are nice when a lot of names are performing. $ERIE catching that sweet sweet free ride. $ORI $WRB $CB $FFH.TO and so on"  
[X Link](https://x.com/CedarStResearch/status/1974129692925173890) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-03T15:09Z 2327 followers, XXX engagements


"The sushi trade is real will be interesting to see how Mitsui strategically bids up $WRB overtime as well"  
[X Link](https://x.com/CedarStResearch/status/1974316148662706397) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-04T03:30Z 2326 followers, 1926 engagements


"Received a note from a friend not something Im very familiar with but updated JD Power customer satisfaction ratings on Renters. Trying to dig up the recent auto one as well. $ERIE $TRV $PGR $ALL $HIG $LMND"  
[X Link](https://x.com/CedarStResearch/status/1974615980379979907) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-04T23:21Z 2327 followers, 1763 engagements


"$ELV path $XXX working much faster than ever anticipated. ACA deal likely - weirdly something so small causing a huge bottleneck in the government shutdown talks. Hard to get votes for your party if you don't approve voters health insurance subsidies"  
[X Link](https://x.com/CedarStResearch/status/1975927257605591317) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-08T14:12Z 2327 followers, 1327 engagements


"I'm surprised the analyst community is a slightly trailing the sushi trade going on with $WRB. I'm a big advocate of the potential for cost of capital synergies with this one once it's flushed out"  
[X Link](https://x.com/CedarStResearch/status/1975937893630915053) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-08T14:54Z 2327 followers, XXX engagements


"If you invest in insurance and want to understand how the NAIC is formulating regulation around AI in insurance this is worth a read. NAIC Bulletin will be in thread below. $LMND $ROOT $HIPO"  
[X Link](https://x.com/CedarStResearch/status/1978832745800384921) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-16T14:37Z 2325 followers, 3726 engagements


"Closed my $ERIE short today. I still believe in the short but with the large sell off in the insurance sector I wanted to take my gains and put it in some household favorites of mine. Finished +37% on the short. Schwab doesn't do the best job of showing the return once the transaction goes through that or I don't know where to find it on the platform"  
[X Link](https://x.com/CedarStResearch/status/1978872717907759564) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-16T17:16Z 2326 followers, 5739 engagements


"I think a path to $XXX is likely and probably a dumb move selling before the government bailout is over but I just want to capitalize on some discounts out there and add to my google position as I see them as a clear winner in the AI trade"  
[X Link](https://x.com/CedarStResearch/status/1978881530983240145) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-16T17:51Z 2325 followers, XXX engagements


"Government shutdown* not bailout lol"  
[X Link](https://x.com/CedarStResearch/status/1978944497338683809) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-16T22:01Z 2325 followers, XXX engagements


"Wonder if @elonmusk placed a wager"  
[X Link](https://x.com/CedarStResearch/status/1978946487972233552) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-16T22:09Z 2327 followers, 1233 engagements


"@TylerHardt Ive never seen a deal $OWL cant do lol"  
[X Link](https://x.com/CedarStResearch/status/1978972827849044221) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-16T23:54Z 2326 followers, XX engagements


"Well I guess $TSLA insurance is still full steam ahead. @coverager ahead of the curve on SERFF filing data (excellent work as always) putting out an article yesterday confirming $TSLA is expanding their insurance to Florida. $LMND community might want to stop using the word partner congrats on the API that anyone has permission to program. First principles tells me $TSLA will have much better telematics on their own fleet than $LMND. Just give them time the market begrudgingly gave MetroMile the better half of a decade and its still not profitable as a gentle reminder. $TSLA underwriting"  
[X Link](https://x.com/CedarStResearch/status/1979122635997941834) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T09:49Z 2325 followers, 1755 engagements


"Probably closed my short too early Thank you Cobalt Capital for the direct email. Its fascinating how much out reach I get via my website and direct messaging on X. Like I said I think the $ERIE short has legs just rebalanced my portfolio to free up some cash with the selloff yesterday. The long drawn out lawsuit where policyholders are suing Erie is an interesting one. I liken it to a Proprietary Funds lawsuit. We will manage your insurance it can only go to our insurance companies and oh we will charge you the highest fees in the market to do so and by the way our insurance companies are"  
[X Link](https://x.com/CedarStResearch/status/1979150932823675120) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T11:42Z 2327 followers, XXX engagements


"Pretty cool take from Jamie at $JPM the bigger banks have been forward thinking on tech for some time now. If you ever meet their CISO you find out fast how big the teams are who their vendors are how they manage that risk and how they are spinning up their out tech stack. Interesting to hear they have an internal LLM that 150000 employees use every week. Custom LLM builds seem inevitable for the larger companies that have the budget for them"  
[X Link](https://x.com/CedarStResearch/status/1979181119518937093) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T13:42Z 2325 followers, 1085 engagements


"Figured the $LMND community would enjoy seeing the breakdown. Literally just posting as it's straight from the source. No commentary from me just figured the community would enjoy the data"  
[X Link](https://x.com/CedarStResearch/status/1979192998823928285) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T14:29Z 2325 followers, 3149 engagements


"Here's softbank"  
[X Link](https://x.com/CedarStResearch/status/1979193220224471122) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T14:30Z 2325 followers, XXX engagements


"Here's Baillie Gifford"  
[X Link](https://x.com/CedarStResearch/status/1979193373635260562) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T14:30Z 2325 followers, XXX engagements


"@TylerHardt Hard to see how $CVNA doesnt get impacted by this isnt all their operating income gain on sales lol"  
[X Link](https://x.com/CedarStResearch/status/1979249276678214141) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T18:12Z 2327 followers, XXX engagements


"Honestly its interesting $ROOT isnt down on the $CVNA news of another sub-prime lender PrimaLends facing chapter XX. Considering most of the operating income is gain of sales hard to see how the wholesale channels arent impacting them and drivetime. I does give me a chuckle that the word prime is in the name"  
[X Link](https://x.com/CedarStResearch/status/1979259621463462266) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T18:54Z 2325 followers, 2131 engagements


"This makes so much more sense the Q2 investor deck literally read like a company raising a series A that had no real business plan $OKLO"  
[X Link](https://x.com/CedarStResearch/status/1979306506915885136) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T22:00Z 2325 followers, 1784 engagements


"@Nick_Lamparelli Im on a lot of these towers. They are massive carriers are putting out minimum $15m to $50m limits on some depending on the tranche. Some in single blocks and some staggered. Shit aint cheap either. Its why I laugh when I see the hysteria I saw today its nonsense"  
[X Link](https://x.com/CedarStResearch/status/1979378691860783572) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-18T02:47Z 2326 followers, XXX engagements


"10yrs from now I see commercial auto in terms of livery cab driver being disrupted by Waymo and Robotaxi. Sorry Uber and Lyft. I think integrating full consumer FSD for Tesla will take some time plus the average vehicle is owned for like 7yrs so I think it would take two decades for it to even start impacting the overall market but its there my whole family drives these things and they quite literally drive you through local roads and highways"  
[X Link](https://x.com/CedarStResearch/status/1979530164552823282) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-18T12:49Z 2327 followers, XXX engagements


"$TSLA "In the Q2 earnings call Tesla said that the margins for its service and other businesses improved due to higher profits from supercharging and improvement in insurance and service center profitability." I think they plan on retaining the risk / business"  
[X Link](https://x.com/CedarStResearch/status/1979202027314946422) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-17T15:05Z 2325 followers, XXX engagements


"@McFritz0 $HG strikes me as very cheap $SPNT has a lot of TBV value that will hit in Q3 and one more MGA IMS where its fair value isnt reflected in the balance sheet. $BRO not a huge fan of but I understand why someone would make an allocation as the brokers have been very sold off"  
[X Link](https://x.com/CedarStResearch/status/1979599045434761473) [@CedarStResearch](/creator/x/CedarStResearch) 2025-10-18T17:22Z 2325 followers, XX engagements