Slide 1: Accelerant Announces First Quarter 2026 Results
NEWS RELEASE Accelerant Announces First Quarter 2026 Results 2026-05-13 First Quarter 2026 Results Exchange Written Premium of $1.14 billion grew 16% year-over-year Third-Party Direct Written Premium accounted for 41% of Exchange Written Premium volume Pre-tax income of $2 million, net loss of $4 mi
Slide 2: First Quarter 2026 Key Results
“We had an excellent rst quarter. We delivered strong performance against all six of our KPIs, re ecting the ongoing momentum across our business,” said Je Radke, Chairman and CEO. “We are attracting and growing with the best MGAs, making them even better with our data, analytics and increasingly au
Slide 3: Conference Call Information
Conference Call Information Accelerant will host a webcast and conference call to discuss the rst quarter nancial results on May 14, 2026, at 8:00 a.m. ET. A live webcast of the call can be accessed on Accelerant’s Investor Relations website at https://investor.accelerant.ai. To access the call via
Slide 4: Use of Non-GAAP Financial Measures
We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and
Slide 5: Operating Revenues
i. Net realized and unrealized gains (losses) on investments: Primarily represents changes in fair value of investment funds, realized gains and losses on dispositions of investments, and changes in fair value of certain other equity security investments accounted for under the measurement alternati
Slide 6: Adjusted EBITDA Margin
Adjusted EBITDA Margin We de ne “Adjusted EBITDA Margin” as Adjusted EBITDA divided by Operating Revenues. Adjusted EBITDA Margin is an internal performance measure used in the management of our operations. The reconciliation of the above non-GAAP measures to each of their most directly comparable G
Slide 7: Total Investments and Total Assets
Fixed maturity securities available for sale, at fair value (amortized cost 2026: $692.3 and 2025: $665.6) 687.4 670.4 Equity method investments 11.8 10.4 Other investments 84.2 84.0 Total investments 986.2 806.4 Cash, cash equivalents and restricted cash 1,536.5 1,799.3 Premiums receivable (net of
Slide 8: Cash Flows
Funds held under reinsurance (22.7) 108.0 Other assets, accounts payable and other liabilities 53.5 (74.3) Net cash (used in) provided by operating activities (21.4) 91.8 Cash ows from investing activities Proceeds from sales of: Fixed maturity securities 44.3 26.4 Maturities of xed maturity securit
Slide 9: Three Months Ended March 31, 2025
(in millions) (unaudited) Three Months Ended March 31, 2025 Consolidation and Exchange MGA Total Corporate elimination (in millions) Services Operations Underwriting Segments and Other adjustments Total Revenues Ceding commission income $ — $ — $ 19.2 $ 19.2 $ — $ 51.5 $ 70.7 Direct commission incom
Slide 10: Investor Relations Media Relations
(1) The tax e ect of the adjustments to net (loss) income for each period presented were calculated using the statutory tax rates for each of our legal entities where such revenue and expense adjustments were incurred, including certain non-taxing jurisdictions. The statutory tax rates used in the c