Accelerant Holdings (NYSE:ARX), the tech company operating a data-driven risk exchange platform for the specialty insurance sector, saw its shares climb 2.15% in pre-market trading on Thursday after reporting second-quarter results that surpassed analyst expectations.
The company posted adjusted earnings of $0.04 per share for the quarter ending June 30, 2025, alongside revenue of $219.1 million. Exchange Written Premium reached $1.1 billion, representing a 42% year-over-year increase. Adjusted EBITDA surged to $63.5 million, up from $13.0 million in the same period last year, while the adjusted EBITDA margin expanded to 29%, compared to 10% a year ago.
“Our 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,” said Jeff Radke, Co-Founder and CEO of Accelerant.
“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.”
The company’s growth was fueled by an expanding member base, which increased to 248 from 186 in the same quarter last year. Net revenue retention rose to 151% from 135% a year ago. Accelerant also reported net income of $13.1 million, a turnaround from a net loss of $9.2 million in Q2 2024.
Accelerant generates revenue by collecting fees on Exchange Written Premium shared with risk capital partners. Its platform connects underwriters of specialty insurance risks with providers of risk capital across 22 countries and more than 500 specialty insurance products.
The strong quarterly results follow the company’s recent initial public offering, which management views as a validation of the platform’s durability and a foundation for continued growth in building its specialty insurance risk exchange.
Accelerant Holdings stock price
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