v3.26.1
Condensed Consolidated Statements of Equity (unaudited) - USD ($)
$ in Millions
Total
Total Accelerant shareholders' equity
Common Stock
Class A convertible preference shares
Common Stock
Class B convertible preference shares
Additional paid-in capital
Accumulated other comprehensive (loss) income
Accumulated deficit
Non-controlling interests
Beginning balance at Dec. 31, 2024 $ 104.4              
Ending balance at Jun. 30, 2025 104.4              
Balance at beginning of period at Dec. 31, 2024 427.0 $ 304.3 $ 236.7 $ 145.1 $ 124.8 $ (19.5) $ (182.8) $ 18.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 20.9 15.3         15.3 5.6
Other comprehensive (loss) income 22.0 21.2       21.2   0.8
Share-based compensation 5.4 5.4     5.4      
Dividends paid to/Issuance of interests and other transactions with non-controlling interests 6.9             6.9
Balance at end of period at Jun. 30, 2025 482.2 346.2 236.7 145.1 130.2 1.7 (167.5) 31.6
Beginning balance at Mar. 31, 2025 104.4              
Ending balance at Jun. 30, 2025 104.4              
Balance at beginning of period at Mar. 31, 2025 454.4 321.5 236.7 145.1 127.2 (11.2) (176.3) 28.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 13.1 8.8         8.8 4.3
Other comprehensive (loss) income 13.5 12.9       12.9   0.6
Share-based compensation 3.0 3.0     3.0      
Dividends paid to non-controlling interests (1.8)             (1.8)
Balance at end of period at Jun. 30, 2025 482.2 346.2 $ 236.7 $ 145.1 130.2 1.7 (167.5) 31.6
Balance at beginning of period at Dec. 31, 2025 726.4 697.7     2,232.4 2.2 (1,536.9) 28.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 75.9 73.5         73.5 2.4
Other comprehensive (loss) income (13.9) (13.2)       (13.2)   (0.7)
Share-based compensation [1] 51.7 51.7     51.7      
Common share retirements [2] (82.6) (82.6)     (82.6)      
Dividends paid to/Issuance of interests and other transactions with non-controlling interests (13.5) (9.7)     (9.7)     (3.8)
Balance at end of period at Jun. 30, 2026 744.0 717.4     2,191.8 (11.0) (1,463.4) 26.6
Balance at beginning of period at Mar. 31, 2026 719.9 692.6     2,243.5 (8.8) (1,542.1) 27.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 80.0 78.7         78.7 1.3
Other comprehensive (loss) income (2.8) (2.2)       (2.2)   (0.6)
Share-based compensation [3] 22.9 22.9     22.9      
Common share retirements [4] (68.8) (68.8)     (68.8)      
Dividends paid to/Issuance of interests and other transactions with non-controlling interests (7.2) (5.8)     (5.8)     (1.4)
Balance at end of period at Jun. 30, 2026 $ 744.0 $ 717.4     $ 2,191.8 $ (11.0) $ (1,463.4) $ 26.6
[1]
(1) Amount represents the sub-set of share-based compensation associated with our common shares, representing a portion of the total $57.3 million of share-based compensation recorded through our statement of operations in the period (which includes additional expenses related to subsidiary and MGA share-based incentive plans). For further information, refer to Note 11.
(2) Amount represents the acquisition cost of all common shares acquired and subsequently retired during the six months ended June 30, 2026. Specifically, the Company (1) repurchased 5,554,301 of its Class A common shares at an average price of $13.92 per share, for $77.3 million and (2) withheld common shares otherwise issuable to satisfy employee tax withholding obligations associated with employee incentive plans for $5.3 million, all of which were retired in the same period. The shares withheld are accounted for as a repurchase of common shares. As the par value of such shares were negligible and there was an accumulated deficit, the entire acquisition cost was deducted from additional paid in capital.
[2]
(1) Amount represents the sub-set of share-based compensation associated with our common shares, representing a portion of the total $57.3 million of share-based compensation recorded through our statement of operations in the period (which includes additional expenses related to subsidiary and MGA share-based incentive plans). For further information, refer to Note 11.
(2) Amount represents the acquisition cost of all common shares acquired and subsequently retired during the six months ended June 30, 2026. Specifically, the Company (1) repurchased 5,554,301 of its Class A common shares at an average price of $13.92 per share, for $77.3 million and (2) withheld common shares otherwise issuable to satisfy employee tax withholding obligations associated with employee incentive plans for $5.3 million, all of which were retired in the same period. The shares withheld are accounted for as a repurchase of common shares. As the par value of such shares were negligible and there was an accumulated deficit, the entire acquisition cost was deducted from additional paid in capital.
[3] Amount represents the subset of share-based compensation associated with our common shares, representing a portion of the total $25.2 million of share-based compensation recorded through our statement of operations in the period (which includes additional expenses related to subsidiary and MGA share-based incentive plans). Refer to Note 11 for additional information.
[4] Amount represents the acquisition cost of all common shares acquired and subsequently retired during the three months ended June 30, 2026. Specifically, the Company (1) repurchased 4,725,968 of its Class A common shares at an average price of $14.07 per share, for $66.4 million and (2) withheld common shares otherwise issuable to satisfy employee tax withholding obligations associated with employee incentive plans for $2.4 million, all of which were retired in the same period. The shares withheld are accounted for as a repurchase of common shares. As the par value of such shares were negligible and there was an accumulated deficit, the entire acquisition cost was deducted from additional paid in capital.