Condensed Consolidated Statements of Operations (unaudited) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|||
| Revenues | ||||||
| Ceding commission income | $ 75.1 | $ 101.6 | $ 155.6 | $ 172.3 | ||
| Direct commission income | 92.5 | 34.2 | 143.3 | 62.3 | ||
| Net earned premiums | 129.1 | 70.6 | 258.9 | 133.6 | ||
| Net investment income | 7.2 | 12.8 | 19.3 | 25.0 | ||
| Net realized gains on investments | 26.0 | 0.4 | 26.1 | 2.7 | ||
| Net unrealized gains (losses) on investments | 27.0 | (0.5) | 27.0 | 1.2 | ||
| Total revenues | 356.9 | 219.1 | 630.2 | 397.1 | ||
| Expenses | ||||||
| Losses and loss adjustment expenses | 71.7 | 51.3 | 153.5 | 96.5 | ||
| Amortization of deferred acquisition costs | 34.8 | 18.2 | 68.4 | 35.3 | ||
| General and administrative expenses | [1] | 129.5 | 89.1 | 253.3 | 164.4 | |
| Interest expenses | 2.4 | 2.5 | 4.9 | 5.1 | ||
| Depreciation and amortization | 10.4 | 8.3 | 20.4 | 15.7 | ||
| Net foreign exchange (gains) losses | (6.1) | 14.2 | (4.2) | 17.3 | ||
| Other expenses | 26.8 | 13.2 | 44.5 | 25.0 | ||
| Total expenses | 269.5 | 196.8 | 540.8 | 359.3 | ||
| Income before income taxes | 87.4 | 22.3 | 89.4 | 37.8 | ||
| Income tax expense | (7.4) | (9.2) | (13.5) | (16.9) | ||
| Net income | 80.0 | 13.1 | 75.9 | 20.9 | ||
| Adjustment for net income attributable to non-controlling interests | (1.3) | (4.3) | (2.4) | (5.6) | ||
| Net income attributable to Accelerant common shareholders, basic | 78.7 | 8.8 | 73.5 | 15.3 | ||
| Net income attributable to Accelerant common shareholders, diluted | $ 78.7 | $ 8.8 | $ 73.5 | $ 15.3 | ||
| Net income attributable to Accelerant per common share: | ||||||
| Basic (in usd per share) | $ 0.36 | $ 0.05 | $ 0.33 | $ 0.09 | ||
| Diluted (in usd per share) | $ 0.36 | $ 0.04 | $ 0.33 | $ 0.07 | ||
| Weighted-average common shares outstanding: | ||||||
| Basic (in shares) | 218,412,430 | 166,185,094 | 220,188,399 | 166,185,094 | ||
| Diluted (in shares) | 219,690,786 | 205,948,671 | 221,095,865 | 205,913,393 | ||
| ||||||
| X | ||||||||||
- Definition Ceded Commission Income No definition available.
|
| X | ||||||||||
- Definition Direct Commission Income No definition available.
|
| X | ||||||||||
- Definition The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of amortization expense (reversal of expense) for deferred policy acquisition costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of expense related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of realized gain (loss) on investment. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|