Accelerant Holdings, a services and data platform providing insurance through the Accelerant Risk Exchange, has disclosed a preliminary unaudited full-year 2025 revenue increase of 51% year over year to $913 million.
The revenue for the fourth quarter of 2025 is expected to be $248 million, an increase of 30% compared to Q4’24.
Additionally, FY’25 total exchange written premiums are expected to rise by 35% year over year to $4.19 billion, while Q4’25 is expected to rise by 24% from Q4’24 to $1.09 billion.
The firm expects that FY’25 third-party direct written premiums will account for 30% of the exchange written premium, up from 16% in FY’24, and account for 40% in Q4’25, up from 21% in Q4’24.
Lastly, for FY’25, preliminary adjusted EBITDA is expected to be $282 million, a 149% increase compared to FY’24, while for Q4’25 it is expected to be $71 million, a 52% increase compared to Q4’24.
Accelerant emphasised that these estimates are preliminary and unaudited, and are subject to revision as it completes its Q4 and FY 2025 financial closing process.
