Accelerant (ARX) Company Report

ARX reported strong Q3 2025 financial results, with Exchange Written Premium increasing 17% year-over-year to $1,043 million and revenue growing 74% year-over-year to $267 million. Adjusted EBITDA surged 302% year-over-year to $105 million, achieving a 39% margin.
Operational growth continued with the addition of 17 new members, bringing the total to 265. Third-party written premium reached $336 million, representing 32% of Exchange Written Premium, an increase from 27% in the prior quarter.
For the last twelve months (LTM) ending Q3 2025, Exchange Written Premium grew 42% year-over-year to $4.0 billion, and Adjusted EBITDA was $258 million with a 30% margin.
The company provided positive guidance, projecting Q4 2025 Exchange Premium between $1.06 billion and $1.1 billion and Adjusted EBITDA between $57 million and $62 million. For FY2026, ARX expects $5.0 billion in Exchange Premium and $269 million in Adjusted EBITDA.

Nov 13, 2025, 1:00 PM

Accelerant Reports Strong Q3 2025 Results and Provides Q4 2025 and FY 2026 Guidance

ARX

Earnings

Guidance Update

Revenue Acceleration/Inflection

Accelerant reported strong Q3 2025 financial results, including $1.04 billion in exchange-rated premium , $267 million in revenue (up 74% year-over-year) , and adjusted EBITDA of $105 million (a 300% year-over-year increase).
Operational metrics remained robust, with net revenue retention at 135% , member count increasing to 265 , and a gross loss ratio of 50%.
The company's third-party direct written premium reached $336 million in Q3 2025 , and it expects to achieve $2.1 billion for the full year 2026, aiming for two-thirds of its portfolio to be written by third-party insurers in the medium term (three to five years).
Accelerant provided Q4 2025 guidance of $1.06 billion-$1.1 billion for exchange-rated premium and $57 million-$62 million for adjusted EBITDA , alongside full-year 2026 guidance of at least $5 billion in exchange-rated premium and $269 million in adjusted EBITDA.

Nov 13, 2025, 1:00 PM

Accelerant (ARX) Reports Strong Q3 2025 Results and Provides Q4 2025 and FY 2026 Guidance

ARX

Earnings

Guidance Update

New Projects/Investments

Accelerant reported strong Q3 2025 results, with revenue of $267 million, a 74% year-over-year increase, and adjusted EBITDA of $105 million, growing over 300% year-over-year. Adjusted earnings per share for the quarter was $0.38.
The company's exchange-rated premium reached $1.04 billion for Q3 2025, representing 17% year-on-year growth (or 29% when adjusted for two atypical members). Net revenue retention remained strong at 135%, and the member count increased to 265 with 17 additions in the quarter.
Accelerant provided Q4 2025 guidance, expecting exchange-rated premium between $1.06 billion and $1.1 billion, third-party direct written premium of $415 million to $430 million, and adjusted EBITDA of $57 million to $62 million.
For the full year 2026, the company anticipates at least $5 billion in exchange-rated premium, $2.1 billion in third-party direct written premium, and $269 million in adjusted EBITDA.
Accelerant expanded its network of third-party insurers by adding four new partners, including a Lloyd's of London facility, bringing the total to 17 as of the document date, aiming to significantly increase third-party direct written premium.

Nov 13, 2025, 1:00 PM

Accelerant (ARX) Reports Strong Q3 2025 Results and Provides Upbeat 2026 Guidance

ARX

Earnings

Guidance Update

Revenue Acceleration/Inflection

Accelerant (ARX) reported strong Q3 2025 financial results, with revenue of $267 million, a 74% year-over-year increase, and adjusted EBITDA of $105 million, representing over 300% year-over-year growth. Adjusted earnings per share for the quarter were $0.38.
The company's exchange-rated premium reached $1.04 billion in Q3 2025, growing 17% year-over-year (or 29% excluding two atypical members), driven by a 135% net revenue retention and an increase to 265 members. The gross loss ratio for the quarter was a solid 50%.
For Q4 2025, Accelerant expects exchange-rated premium between $1.06 billion and $1.1 billion and adjusted EBITDA between $57 million and $62 million. The company projects at least $5 billion in exchange-rated premium and $2.1 billion in third-party direct written premium for the full year 2026, supported by the addition of four new risk exchange insurers.

Nov 13, 2025, 1:00 PM

Accelerant Holdings Announces Strong Q3 2025 Results and Provides Future Guidance

ARX

Earnings

Guidance Update

Revenue Acceleration/Inflection

Accelerant Holdings reported Exchange written premium of $1.043 billion for Q3 2025, representing a 17% year-over-year increase and 39% year-to-date growth.
The company achieved strong profitability with Adjusted net income of $79.8 million, up 320% over the prior year, and Adjusted EBITDA of $105.0 million, a 302% year-over-year increase for Q3 2025.
A net loss of $1.367 billion for Q3 2025 was primarily driven by non-cash and equity-neutral profits interest distribution expenses.
Accelerant provided Q4 2025 guidance for Exchange Premium between $1.06 billion and $1.1 billion and Adjusted EBITDA between $57 million and $62 million, with FY 2026 projections of $5.0 billion in Exchange Premium and $269 million in Adjusted EBITDA.

Nov 12, 2025, 9:19 PM

Earnings Transcripts

Quarterly earnings call transcripts for Accelerant.

Nov 13, 2025

Aug 28, 2025

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