Underwriting was Accelerant Holdings’s largest segment in fiscal 2025, bringing in $430.90M of $912.90M (47%).
| Segment | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Underwriting | $201.30M | $341.10M | $430.90M |
| Exchange Services | $123.30M | $222.70M | $334.90M |
| Mga Operations | $112.10M | $149.70M | $249.10M |
| Corporate & Other | $6.10M | $20.70M | $15.60M |
| Consolidation & Elimination Adjustments | -$98.80M | -$131.60M | -$117.60M |
| Total | $344.00M | $602.60M | $912.90M |
Accelerant Holdings brought in $912.90M from its five segments in fiscal 2025, the year ended December 31, 2025. That was up 51.5% from $602.60M in fiscal 2024. Underwriting was the largest at $430.90M (47.2%), ahead of Exchange Services at $334.90M (36.7%) and Mga Operations at $249.10M (27.3%). The remaining segment, Corporate & Other, brought in $15.60M.
Compared with fiscal 2024, Mga Operations grew fastest, up 66.4% to $249.10M. Every segment above 2% of revenue grew. From fiscal 2023 to 2025, combined revenue from these segments grew from $344.00M to $912.90M, a compound annual growth rate of 62.9%. Underwriting's share of the total fell from 58.5% to 47.2%.
The total is net of Consolidation & Elimination Adjustments, which took $117.60M off revenue in fiscal 2025.
North America was Accelerant Holdings’s largest region in fiscal 2025, bringing in $510.40M of $912.90M (56%).
| Geography | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| North America | $201.90M | $399.20M | $510.40M |
| Uk & Eu | $142.10M | $203.40M | $402.50M |
| Total | $344.00M | $602.60M | $912.90M |
Accelerant Holdings brought in $912.90M from its two regions in fiscal 2025, the year ended December 31, 2025. That was up 51.5% from $602.60M in fiscal 2024. North America was the largest at $510.40M (55.9%), ahead of Uk & Eu at $402.50M (44.1%).
Compared with fiscal 2024, Uk & Eu grew 97.9% to $402.50M and North America grew 27.9% to $510.40M. From fiscal 2023 to 2025, combined revenue from these regions grew from $344.00M to $912.90M, a compound annual growth rate of 62.9%. North America's share of the total fell from 58.7% to 55.9%.
Accelerant Holdings (ARX) reports its revenue by segment and by geography. In fiscal 2025, Underwriting was its largest segment, bringing in $430.90M (47.2% of the total), followed by Exchange Services at $334.90M (36.7%).
Underwriting was Accelerant Holdings' largest segment in fiscal 2025, bringing in $430.90M, or 47.2% of the $912.90M total across its five segments.
North America was Accelerant Holdings' largest region in fiscal 2025, bringing in $510.40M, or 55.9% of the $912.90M total across its two regions.
Among Accelerant Holdings' segments that make up at least 2% of revenue, Mga Operations grew fastest in fiscal 2025, up 66.4% from $149.70M to $249.10M.
Every figure comes from Accelerant Holdings' annual financial filings, as reported. Each line keeps the name Accelerant Holdings gives it, and years follow its fiscal calendar.
Accelerant Holdings' revenue by segment goes back to fiscal 2023, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.