Accelerant Holdings, a services and data platform for the specialty insurance market, reported total revenues of $267.4 million for the third quarter of 2025, up 74% from $153.7 million in the same period a year earlier.
Among total revenues, the company posted net earned premiums of $82.1 million, up from $59.3 million, along with net investment income of $10.1 million, down from $11 million.
During the quarter, exchange written premium increased 17% to $1.043 billion from $888.4 million in Q3’25.
Accelerant recorded a net loss of $1.367 billion, compared to net income of $9.4 million a year prior, driven by non-cash and equity-neutral profits interest distribution expenses.
Adjusted net income climbed a significant 320% to $79.8 million from $19 million.
Total expenses stood at $1.625 billion, up from $152.4 million.
At the end of Q3’25, Accelerant had 265 Members, up 61 from 204 members in the same quarter last year.
“We delivered a strong third quarter, reflecting the continued momentum across our platform,” said Jeff Radke, Co-Founder and CEO of Accelerant. “We exceeded both top- and bottom-line growth expectations, added new third-party insurers including a Lloyd’s facility and continued to bring high-quality Members to the Risk Exchange. Our technology and data capabilities are deepening our advantage, strengthening relationships across the network and driving consistent, profitable growth across the business.”
“Our third quarter results underscore the scalability of our model and the quality of our earnings,” said Jay Green, Accelerant’s Chief Financial Officer. “Adjusted EBITDA and Adjusted Net Income each grew over 300%, which headline another quarter of strong profitability and expanding margins. Our disciplined execution and high-conversion, fee-based model continue to create durable, long-term value. We’ve introduced a more robust earnings presentation this quarter that will be available on our investor relations website.”
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