Q1 2026 Accelerant Holdings Earnings Call Transcript

May 14, 2026 / 12:00 PM GMT

Release Date Price: €11.1 (-2.63%)

Transcript 10-Q8-K

Key Points

Positve

Accelerant Holdings (ARX) exceeded the midpoint of their quarterly guidance across exchange written premium, third-party premium, and adjusted EBITDA.
The company added 16 new MGAs in the first quarter, bringing the total to 296 member MGAs, indicating strong growth in their member base.
Accelerant Holdings (ARX) reported a gross loss ratio of 52.1% for the first quarter of 2026, which remains attractive and indicates effective risk management.
The company achieved a 16% year-over-year growth in exchange written premium, with a potential 22% growth excluding a terminated member.
Accelerant Holdings (ARX) is leveraging AI to enhance productivity, achieving a 24% lift in engineer output and developing AI-enabled solutions to reduce reliance on third-party software.

Negative

The company reported a GAAP net after-tax loss of $4 million for the first quarter.
Share-based compensation expense was high this quarter, including $8 million related to the CFO transition, impacting financial results.
The adjusted EBITDA margin for the Exchange Services segment is expected to be approximately 70% for the remainder of 2026, indicating potential pressure on margins.
There is a significant reliance on third-party insurers, with a goal to have them represent two-thirds of the total exchange-written premium, which may pose a risk if partnerships are not maintained.
The company is experiencing seasonal differences in business mix, which contributed to an increase in the gross loss ratio by 80 basis points over the full-year 2025 figure.

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

ARX.N - Accelerant Holdings
Q1 2026 Accelerant Holdings Earnings Call
May 14, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. My name is Jale, and I will be your conference operator today.

At this time, I would like to welcome everyone to the Accelerant first-quarter 2026 earnings call.

All lines have been placed on mute to prevent any background noise.

After the speaker's remarks, there will be a question-and-answer session.

If you would like to ask a question during this time, simply press followed by the number 1 on your telephone keypad.

If you would like to withdraw your question, simply press again.

I would now like to turn the conference over to Ray.

Ayardella, Head of Investor Relations. You may begin.

-------------------------------------------------

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