Quarterly ResultMay 13, 2026, 04:18 PM
Accelerant Q1 Adjusted Net Income $38M, Exchange Written Premium $1.14B
AI Summary
Accelerant Holdings announced strong first-quarter 2026 financial results, with Exchange Written Premium growing 16% year-over-year to $1.14 billion. Adjusted net income surged 118% to $38 million, and adjusted EBITDA reached $66 million. The company reported a GAAP net loss of $4 million, or $0.02 per diluted share. Accelerant also repurchased $11 million worth of Class A common shares and provided an optimistic outlook for Q2 and full-year 2026, expecting continued strong growth in its capital-light businesses.
Key Highlights
- Exchange Written Premium grew 16% year-over-year to $1.14 billion.
- Adjusted net income increased 118% year-over-year to $38 million.
- Adjusted net income per diluted share was up 113% to $0.17.
- Adjusted EBITDA reached $66 million.
- Repurchased 828,333 Class A common shares for $11 million.
- Q2 2026 Exchange Written Premium expected to be $1.27 billion to $1.32 billion.
- Full year 2026 Adjusted EBITDA expected to be at least $285 million.
- Third-Party Direct Written Premium accounted for 41% of Exchange Written Premium volume.