Accelerant Holdings Earnings Call Transcripts
Fiscal Year 2026
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Hybrid insurance models are reshaping the industry, with Accelerant's tech-driven marketplace connecting MGAs and risk capital for efficient, capital-light growth. Advanced data and machine learning underpin strong margins and resilience, even as insurance rates soften.
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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 growth in premiums, revenue, and EBITDA. The business continues to shift toward fee-based segments, expand its member and partner base, and leverage AI-driven advantages. Guidance for 2026 projects further growth and profitability.
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Q3 2025 saw robust growth in exchange-rated premium, revenue, and adjusted EBITDA, with strong member additions and a strategic shift toward third-party insurers. Gross loss ratio improved to 50.1%, and guidance for 2026 remains at $5B premium and $269M adjusted EBITDA.
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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.