Deferred acquisition costs and deferred ceding commissions (Tables)

6 Months Ended

Jun. 30, 2026

The following table presents the amounts of policy acquisition costs deferred and amortized for insurance business retained by Accelerant:


	Three Months Ended June 30,
(in millions)	2026		2025
Balance as of April 1,	$	85.0	$	56.3
Direct commissions and other acquisition costs on retained business	55.5		12.8
Amortization of deferred acquisition costs	(34.8)		(18.2)
Foreign currency translation	(0.3)		0.3
Balance as of June 30,	$	105.4	$	51.2


	Six Months Ended June 30,
(in millions)	2026		2025
Balance as of January 1,	$	76.9	$	60.7
Direct commissions and other acquisition costs on retained business	97.6		25.5
Amortization of deferred acquisition costs	(68.4)		(35.3)
Foreign currency translation	(0.7)		0.3
Balance as of June 30,	$	105.4	$	51.2

The following table presents the amounts of ceding commissions deferred and amortized:


	Three Months Ended June 30,
(in millions)	2026		2025
Balance as of April 1,	$	247.8	$	194.6
Deferral of excess ceding commission income over deferred acquisition costs	51.9		142.5
Amortization of deferred excess ceding commissions to income	(75.1)		(101.6)
Foreign currency translation	0.5		(0.5)
Balance as of June 30,	$	225.1	$	235.0


	Six Months Ended June 30,
(in millions)	2026		2025
Balance as of January 1,	$	232.5	$	193.0
Deferral of excess ceding commission income over deferred acquisition costs	145.1		215.7
Amortization of deferred excess ceding commission to income	(155.6)		(172.3)
Foreign currency translation	3.1		(1.4)
Balance as of June 30,	$	225.1	$	235.0