Accelerant Holdings Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw robust growth in revenue, adjusted EBITDA, and exchange written premium, with strong MGA member additions and high net revenue retention. Guidance for 2026 was raised, reflecting confidence in continued growth and profitability.
Fiscal Year 2025
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Q4 and full-year 2025 results exceeded expectations, with strong premium growth, expanding margins, and robust free cash flow. AI-driven underwriting and a growing member base support continued outperformance, while guidance for 2026 points to further growth and a shift toward fee-based revenue.
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Q3 saw robust growth with exchange-rated premium up 17% (29% adjusted), revenue up 74%, and adjusted EBITDA up over 300%. Strategic expansion of third-party insurer relationships and data capabilities support strong guidance for 2026, with two-thirds of premium expected from third parties.
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Q2 2025 saw 42% organic premium growth and 68% revenue growth, with adjusted EBITDA up nearly fivefold year-over-year. Margins expanded, loss ratios improved, and new risk capital partners joined, while Q3 guidance anticipates continued strong growth and a one-time EBITDA boost from a minority stake sale.