Accelerant Holdings has reported a net income of $13.1 million for the second quarter of 2025, marking a 242.4% increase from a net loss of $9.2 million in the same period a year earlier.
Total revenues for the quarter reached $219.1 million, up from $130.1 million in Q2’24. This included net earned premiums of $70.6 million and net investment income of $12.8 million, compared with $52.2 million and $8.7 million, respectively.
Total expenses stood at $198.8 million, an increase from $134.4 million.
In Q2’25, Accelerant had 248 Members, up from 186, with the number of MGA operations members increasing to 47 from 44.
For the first half of 2025, the company posted a net income of $20.9 million, a notable improvement from a net loss of $7.1 million in H1’24.
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Total revenues were $397.1 million, up from $258.2 million. Net earned premiums rose to $133.6 million from $96.2 million, while net investment income increased to $25 million from $16.6 million.
Total expenses in H1’25 amounted to $359.3 million, up from $250.5 million.
In July 2025, Accelerant also announced the pricing of its upsized initial public offering, expecting to raise $426 million for the firm.
Jeff Radke, Co-Founder and CEO, said, “Accelerant’s first quarter reporting as a public company was one of the strongest in our history — more Members wrote more business for more risk capital partners than ever before.
“We believe our initial public offering validated the durability of our platform and equipped us with resources to extend industry-leading growth as we build the world’s preeminent two-sided specialty insurance risk exchange. Over the last 12 months, Accelerant generated $3.8 billion of Exchange Written Premium, including $1.1 billion in the second quarter alone — a 42% year-over-year increase.
“Our growth algorithm is straightforward: add more high-quality Members, expand specialty products for more small and mid-sized businesses, and attract more capital from risk partners.
“If we continue to do that, we believe the rest will take care of itself. Our goal is clear: to be the rails on which specialty insurance runs.”
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