v3.26.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Investments    
Available for sale investments, at fair value $ 662.2 $ 712.0
Equity method investments 13.0 10.4
Other investments 88.1 84.0
Total investments 763.3 806.4
Cash, cash equivalents and restricted cash 1,656.3 1,799.3
Premiums receivable (net of allowance 2026: $5.1 and 2025: $4.6) 1,156.9 1,077.9
Ceded unearned premiums 1,775.6 1,812.4
Reinsurance recoverables on unpaid losses and LAE 2,092.9 1,682.3
Other reinsurance recoverables 941.8 594.2
Deferred acquisition costs 105.4 76.9
Goodwill and other intangible assets, net 110.5 115.1
Capitalized technology development costs, net 106.4 100.5
Other assets 234.2 198.1
Total assets 8,943.3 8,263.1
Liabilities and shareholders' equity    
Unpaid losses and loss adjustment expenses 2,273.7 2,005.4
Unearned premiums 2,177.2 2,163.0
Payables to reinsurers 1,570.1 1,220.6
Deferred ceding commissions 225.1 232.5
Funds held under reinsurance 1,164.8 1,200.3
Debt 120.1 121.3
Accounts payable and other liabilities 668.3 593.6
Total liabilities 8,199.3 7,536.7
Commitments and contingencies (Note 17)
Shareholders' equity    
Common shares (par value $0.000001 per share, issued and outstanding 2026: Class A - 118,278,172; Class B - 98,639,873 and 2025: Class A - 114,580,918; Class B - 107,241,428) 0.0 0.0
Additional paid-in capital 2,191.8 2,232.4
Accumulated other comprehensive (loss) income (11.0) 2.2
Accumulated deficit (1,463.4) (1,536.9)
Total Accelerant shareholders' equity 717.4 697.7
Non-controlling interests 26.6 28.7
Total equity 744.0 726.4
Total liabilities and equity 8,943.3 8,263.1
Short-term investments    
Investments    
Available for sale investments, at fair value 86.4 41.6
Fixed maturity securities    
Investments    
Available for sale investments, at fair value $ 575.8 $ 670.4