Accelerant Holdings(ARX)Earnings, Financials & Key Ratios

ARX•NYSE•Insurance & Managed Care

$13.47

Price updated Jul 7, 2026

SectorFinancial Services IndustryInsurance Brokers Sub-IndustryProgram administrators and MGAs

AboutAccelerant Holdings, together with its subsidiaries, operate a data-driven risk exchange that connects selected specialty insurance underwriters with risk capital partners. The Exchange Services segment consists of risk exchange, its operating platform that incorporates various technology, data ingestion, and agency operations that serve the needs of its members and risk capital partners. Its Risk capital partners write premiums directly through the Risk Exchange pay us a fixed-percentage, volume-based fee for sourcing, managing, and monitoring the business they write. The MGA Operations segment includes the fees earned by members, predominantly for originating and underwriting a portfolio of insurance policies, reduced by the expenses associated with providing services. The Underwriting segment is involved in underwriting insurance policies and assumption of reinsurance policies issued or accepted by consolidated insurance companies. Its Underwriting segment is a strategic asset that enables access to portfolio for current and prospective risk capital partners. The activities of insurance companies include property and casualty insurance, policy issuance, and reinsurance arrangements. The company focuses on small-to-medium sized commercial clients primarily in the United States, Europe, Canada, and the United Kingdom. The company was founded in 2018 and is based in Grand Cayman, the Cayman Islands.Show more

Revenue$880M+47.1%
Combined Ratio250.3%+164.5%
Net Income-$1.35B-5078.3%
Return on Equity-234.8%-3180.5%
Medical Cost Ratio32.33%-22.3%
Operating Margin-150.3%-2907.3%
Net Margin-153.96%-3483.2%
ROA-18.86%-3509.0%
Equity / Assets8.79%+25.5%

ARX Price & Volume

Accelerant Holdings (ARX) stock price & volume — 10-year historical chart

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Rapid MGA Expansion Masks Underlying Underwriting Volatility

Investment Thesis • Updated 2026Q1

VerdictNegative

Growth:Expanding

Profitability:Strained

Financial:Mixed

Cash Flow:Mixed

Primary Risk:Underwriting and reserve volatility

Key Thesis Takeaways

Accelerant Holdings is scaling its proprietary MGA-focused exchange model at a rapid pace, evidenced by 52.7% revenue growth in 2024Q4, yet the firm faces significant structural headwinds regarding underwriting profitability.
The extreme volatility in the combined ratio, which swung from 5.8% in 2025Q3 to 101.1% in 2025Q4, suggests that the current fee-based architecture may struggle to absorb claims spikes.
Investors should monitor the company's reliance on external leverage, as total assets have ballooned to $8.6 billion against a thin $692.6 million equity base.

Verdict Logic

the company's fundamental risk is highlighted by the extreme earnings volatility seen in 2025Q3, when the firm reported a $1.4 billion operating loss.

ARX Growth Metrics

Accelerant Holdings (ARX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years-

3 Years60.4%

TTM52.94%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-4394.97%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-4680.5%

Return on Capital

10 Years-9.64%

5 Years-9.64%

3 Years-13.61%

Last Year-39.97%

ARX Recent Earnings

Accelerant Holdings (ARX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 4/7 qtrs (100%)●Beat Revenue 2/7 qtrs (50%)

Q2 2026Latest

May 13, 2026

Metric

Actual

Est

EPS

$0.17+6.3%

$0.16

Rev

$273M+11.8%

$245M

Q2 2026

Mar 18, 2026

Metric

Actual

Est

EPS

$0.23+43.8%

$0.16

Rev

$248M-1.6%

$252M

Q4 2025

Nov 12, 2025

Metric

Actual

Est

EPS

$0.38+75.9%

$0.22

Rev

$267M+5.5%

$253M

Q3 2025

Aug 28, 2025

Metric

Actual

Est

EPS

$0.14+7.7%

$0.13

Rev

$204M-14.6%

$239M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 13, 2026	$0.17vs $0.16+6.3%	$273Mvs $245M+11.8%
Q2 2026	Mar 18, 2026	$0.23vs $0.16+43.8%	$248Mvs $252M-1.6%
Q4 2025	Nov 12, 2025	$0.38vs $0.22+75.9%	$267Mvs $253M+5.5%
Q3 2025	Aug 28, 2025	$0.14vs $0.13+7.7%	$204Mvs $239M-14.6%

Based on last 7 quarters of dataView full earnings history →

Latest ARX News

Recent stock market news and headlines for Accelerant Holdings (ARX)

GlobeNewsWire·Jun 23, 2026

Bitget lists Arcium (ARX) for Spot Trading

VICTORIA, Seychelles, June 23, 2026 (GLOBE NEWSWIRE) -- Bitget, the world's largest Universal Exchange (UEX), announced the addition of Arcium (ARX) for spot trading. Trading for the ARX/USDT pair opens on June 22, 2026, 12:00 (UTC), with withdrawals available from June 23, 2026, 13:00 (UTC).

Peers Comparison

Key metrics vs top competitors for Accelerant Holdings (ARX)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
ARXAccelerant HoldingsCurrent	$13.47	$2.94B	-1.80	47.15%	-153.96%	-234.8%	—
KNSLKinsale Capital Group, Inc.	$348.73	$8.07B	16.11	18.04%	27.48%	28.05%	—
RYANRyan Specialty Holdings, Inc.	$41.58	$5.39B	88.47	21.28%	4.17%	10.77%	—
ACGLArch Capital Group Ltd.	$102.85	$35.93B	8.85	14.27%	24.73%	20.48%	—
RNRRenaissanceRe Holdings Ltd.	$323.69	$13.97B	5.72	9.45%	26.93%	16.59%	—
HCIHCI Group, Inc.	$180.41	$2.34B	7.25	20.21%	32.64%	30.81%	—

Compare ARX vs Peers

Accelerant Holdings (ARX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KNSL

Most directly comparable listed peer for ARX.

Scale Benchmark

vs MMC

Larger-name benchmark to compare ARX against a more recognizable public peer.

Peer Set

Compare Top 5

vs KNSL, RYAN, ACGL, RNR

ARX SEC Filings & Documents

Accelerant Holdings (ARX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 29, 2026·SEC

Material company update

May 13, 2026·SEC

Material company update

May 12, 2026·SEC

10-K Annual Reports

FY 2026

Mar 18, 2026·SEC

10-Q Quarterly Reports

FY 2026

May 13, 2026·SEC

FY 2025

Nov 12, 2025·SEC

FY 2025

Aug 28, 2025·SEC

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ARX Frequently Asked Questions

Accelerant Holdings (ARX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

How fast is Accelerant Holdings growing?

Accelerant Holdings (ARX) grew revenue by 47.1% over the past year. This is strong growth.

Is ARX profitable?

Accelerant Holdings (ARX) reported a net loss of $1.37B for fiscal year 2025.

Dividend & Returns

What is ARX's return on equity?

Accelerant Holdings (ARX) has a return on equity (ROE) of -234.8%. Negative ROE indicates the company is unprofitable.

Industry Metrics

What is Accelerant Holdings's combined ratio?

Accelerant Holdings (ARX) has a combined ratio of 250.3%. A ratio above 100% means claims and expenses exceed premiums.

What if you invested $1,000 in ARX back in 2021?

Total return calculator · dividends reinvested · 5+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

May 13, 2026

$0.17vs $0.16+6.3%

$273Mvs $245M+11.8%

Q2 2026

Mar 18, 2026

$0.23vs $0.16+43.8%

$248Mvs $252M-1.6%

Q4 2025

Nov 12, 2025

$0.38vs $0.22+75.9%

$267Mvs $253M+5.5%

Q3 2025

Aug 28, 2025

$0.14vs $0.13+7.7%

$204Mvs $239M-14.6%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

ARXAccelerant HoldingsCurrent

$13.47

$2.94B

-1.80

47.15%

-153.96%

-234.8%

—

KNSLKinsale Capital Group, Inc.

$348.73

$8.07B

16.11

18.04%

27.48%

28.05%

—

RYANRyan Specialty Holdings, Inc.

$41.58

$5.39B

88.47

21.28%

4.17%

10.77%

—

ACGLArch Capital Group Ltd.

$102.85

$35.93B

8.85

14.27%

24.73%

20.48%

—

RNRRenaissanceRe Holdings Ltd.

$323.69

$13.97B

5.72

9.45%

26.93%

16.59%

—

HCIHCI Group, Inc.

$180.41

$2.34B

7.25

20.21%

32.64%

30.81%

—