Earnings Releases·Nov 12, 2026, 8:00 AM ET

Accelerant Holdings — Third Quarter 2026 Earnings Summary

Exchange Written Premium grew 27% year-over-year to $1.33 billion, while total revenues rose to $278.6 million; the company reported a net loss of $9.2 million compared to a $1.37 billion loss in Q3 2025, driven by the absence of prior-year profits interest distribution expenses, though adjusted net income declined to $38.2 million from $48.6 million.
The company announced a definitive merger agreement with Thoma Bravo, expecting closure in the first half of 2027, and consequently suspended guidance for Q4 2026 and the full year 2026.
Balance sheet strength improved with cash, cash equivalents, and restricted cash reaching $2.10 billion as of September 30, 2026, while debt decreased to $119.5 million from $121.3 million at year-end 2025.
Operational growth was led by Exchange Services and MGA Operations, with third-party direct written premium volume increasing to 49% of total Exchange Written Premium, while the gross loss ratio widened to 56.8% from 50.1% in the prior year period.