Accelerant reports Q4 and full-year results

Accelerant reported continued growth across its specialty insurance exchange in 2025, with Exchange Written Premium reaching $4.19 billion for the full year, up 35% year over year. Fourth quarter premium totaled $1.09 billion, reflecting 24% growth, supported by increased participation from third-party capital providers.

The mix of business continues to shift. Third-party direct written premium accounted for 40% of exchange volume in Q4, up from 21% a year earlier, highlighting Accelerant’s move toward a more capital-light model.

The company also reported a gross loss ratio of 51.3% for the full year, improving from 54.3% in 2024, pointing to better underwriting performance.

Separately, the board approved a share repurchase program of up to $200 million through 2028.

The company also announced a leadership change, with CFO Jay Green stepping down effective March 31, 2026. Linda Huber has joined and will assume the CFO role.

Accelerant operates a data-driven risk exchange connecting MGAs with risk capital providers, and continues to emphasize its use of analytics and AI to scale specialty insurance distribution globally.