Accelerant (ARX) Investor Presentation summary

Strategic vision and platform evolution

• Aims to become the leading specialty insurance marketplace, connecting underwriters with risk capital through a proprietary digital platform and data infrastructure.

• Replatforms the fragmented insurance value chain, reducing duplicative costs, conflicts of interest, and data loss.

• Leverages advanced AI, machine learning, and data analytics to drive differentiated underwriting and operational efficiency.

Growth, scale, and member expansion

• Exchange written premium grew from $1.3B (1H'24) to $2.1B (1H'25), with members increasing from 186 to 248.

• Achieved 53% organic growth in 1H'25 exchange written premium and 151% net revenue retention.

• Member base expanded from 3 in 2018 to 248 by 2Q'25, with gross written premium reaching $3.8B.

Financial performance and profitability

• 1H'25 adjusted EBITDA reached $106M (27% margin), up from $41M (16% margin) in 1H'24.

• Gross loss ratio improved from 54% to 52% year-over-year, with net revenue retention at 151%.

• LTM 2Q'25 revenue was $741M, with consistent margin expansion and strong YoY growth.