Earnings per share (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Computation of Basic and Diluted Net Earnings Per Common Share

The following table sets forth the computation of basic and diluted net earnings per common share:


	Three Months Ended June 30,				Six Months Ended June 30,
(in millions, except share and per share data)	2026		2025		2026		2025
Numerator:
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	$	78.7	$	8.8	$	73.5	$	15.3
Denominator:
Weighted-average common shares outstanding - basic	218,412,430		166,185,094		220,188,399		166,185,094
Effect of dilutive securities:
Dilutive common shares (1)	1,278,356		39,763,577		907,466		39,728,299
Weighted-average common shares outstanding - diluted	219,690,786		205,948,671		221,095,865		205,913,393
Net income attributable to Accelerant per common share:
Basic	$	0.36	$	0.05	$	0.33	$	0.09
Diluted	$	0.36	$	0.04	$	0.33	$	0.07

(1) Potential dilutive common shares consist of all of our convertible preference shares in the 2025 period and certain of our share-based compensation awards as described in Note 11. The potential common shares excluded from the calculation of potential diluted shares outstanding were 45,130,706 shares and 45,495,211 shares (primarily related to share options granted to employees that have an exercise price above the market price of shares during the period) for the three and six months ended June 30, 2026, respectively. The potential common shares excluded from the calculation of potential diluted shares outstanding were 17,382,748 shares and 17,418,027 shares for the three and six months ended June 30, 2025, respectively.