May. 14 at 11:42 AM
$ARX
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Accelerant Holdings reports Q1 2026 results with total revenues of
$273.3 million and a net loss attributable to common shareholders of
$5.2 million, or $(0.02) per share, compared with net income of
$6.5 million a year earlier.
Revenue rose strongly from
$178.0 million, driven by higher ceding commission income, direct commission income, and net earned premiums, while losses and loss adjustment expenses also increased.
General and administrative expenses jumped to
$123.8 million, including
$32.1 million of share-based compensation.
Cash used in operating activities was
$21.4 million
The company executed a loss portfolio transfer covering 2022–2023 business and began a share repurchase program, buying back 828,333 Class A shares for
$10.9 million in the quarter, with additional repurchases after March 31, 2026.
A subsequent partial sale of a TPA investment is expected to generate
$51.6 million of cash and a
$54.5 million gain in Q2 2026.
