Accelerant Holdings posted mixed Q3 2026 results, with strong premium growth and higher EBITDA of $71.3 million offset by a rising gross loss ratio and a decline in adjusted earnings per share.
Q3 2026 shows growth but deteriorating underwriting: exchange written premium rose 27% to $1,329.6 million and members grew to 340, yet gross loss ratio worsened to 56.8% from 50.1% and adjusted diluted EPS fell to $0.18 from $0.24. Adjusted EBITDA rose to $71.3 million from $65.5 million. Growth offsets margin pressure, leaving the net read mixed.
Accelerant Holdings reported a 27% increase in exchange written premiums to $1,329.6 million for the third quarter of 2026, supported by a member base expansion to 340. However, profitability faced headwinds as the gross loss ratio widened to 56.8% from 50.1% a year earlier, and adjusted diluted EPS declined to $0.18 from $0.24.
The company reported a net loss of $9.2 million for the quarter, though adjusted net income was $38.2 million ($0.18 per diluted share), down from $48.6 million ($0.24) a year earlier.
Yes: exchange written premium grew 27% to $1,329.6 million and members rose to 340 from 265, but the gross loss ratio worsened to 56.8% from 50.1%.