Q4 2025 Accelerant Holdings Earnings Call Transcript

Mar 19, 2026 / 12:00 PM GMT

Release Date Price: €9.65 (-3.02%)

Transcript 10-K8-K

Key Points

Positve

Accelerant Holdings (ARX) reported a 24% year-over-year growth in exchange written premium for Q4 2025, reaching $1.1 billion.
The company achieved a gross loss ratio of 51%, indicating strong profitability for its risk capital partners.
Accelerant Holdings (ARX) added 15 new members in Q4, bringing the total to 280, showcasing its ability to attract top MGAs.
The company reported a 52% year-over-year increase in adjusted EBITDA, reaching $71 million, with a margin improvement to 28%.
Accelerant Holdings (ARX) continues to leverage AI to enhance underwriting precision, real-time portfolio management, and claims optimization, providing a competitive edge.

Negative

The termination of a large premium, low-margin member in Q3 impacted growth figures, with Q1 and Q2 2026 expected to be affected.
Net retention was at 9%, which, while in line with expectations, indicates a reliance on third-party insurers for risk distribution.
The company's underwriting segment continues to generate single-digit margins, reflecting limited profitability in this area.
There is a dependency on regulatory minimums for net retention, which may limit flexibility in risk management strategies.
The company's growth is heavily reliant on adding new members and expanding existing member volumes, which may pose challenges if market conditions change.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ARX.N - Accelerant Holdings
Q4 2025 Accelerant Holdings Earnings Call
Mar 19, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello everyone and welcome to Accelerant 4th quarter and full year 2025 earnings call. Please note that this call is being recorded. After the prepared remarks, there will be a question-and-answer session. If you'd like to ask a question during that time, please press and then 1 on your telephone keypad.

Thank you. I'd now like to hand the call over to Ahmed Oakobi, investor relations at Blue Shirt Group. Please go ahead.

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Unidentified_2 [2]
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Good morning everyone. Welcome to Accelerant's 4th quarter 2025 earnings conference call.

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