Pelagos Insurance Capital Limit (PLGO) SEC Filings & Earnings Calls
EquiReason read 17 Pelagos Insurance Capital Limit SEC filings in the last 12 months. Latest: 6-K on 2026-09-14 — Pelagos Insurance Capital Limited appointed Michael Davern as a director, replacing Charles Mathias who resigned, designated by The Fidelis Partnership..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 2.1B
- P/E TTM
- 5.5
- Dividend yield
- 2.3%
- 52-week
- —
- Next earnings
- 11 Nov, in 18 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
12 Aug 20266-KQ2 2026 gross premiums written $1.3B +6.4% YoY, combined ratio 99.5% improved 4pts, net income $44.4M, operating ROAE 5.1% improved 3pts. H1 combined ratio 93.1% improved 17pts. Book value per share +9.1% YTD. Strong capital returns.open
Figures in the filing · each found in the filing text
| Gross premiums written · Q2-2026 | $1.30B | +6% y/y |
| Combined ratio · Q2-2026 | 99.5% | |
| Net income · Q2-2026 | $44M | |
| Operating net income · Q2-2026 | $29M | |
| Annualized Operating ROAE · Q2-2026 | 5.1% | |
| Book value per diluted common share · Q2-2026 | $26.56 | +9% y/y |
Risks flagged
Catastrophe and large losses increased to $161.8M in Q2 2026 from $74.3M in prior year period.
“Catastrophe and large losses for the second quarter of 2026 were $161.8 million compared to $74.3 million in the prior year period.” · word for word
3 Aug 20266-KDirector Charles Mathias resigned from the Board and its committees effective August 2, 2026; successor to be designated by The Fidelis Partnership.open
Risks flagged
Board continuity risk due to director resignation; however, successor designation right mitigates governance vacuum.
“Mr. Mathias resigned from Board and committees; The Fidelis Partnership has right to designate successor.”
3 Aug 20266-KDeclaration of quarterly dividend of $0.15 per share; no change in dividend policy indicated.open
Figures in the filing · each found in the filing text
| dividend per share · Q3-2026 | $0.15 |
13 May 20266-KPelagos Insurance reports strong Q1 2026: GPW +6.8%, combined ratio improved 29 points to 86.6%, annualized operating ROAE 15.2% vs -7.6% prior year, net income $108M vs loss of $42.5M.open
Figures in the filing · each found in the filing text
| Combined ratio · Insurance · Q1-2026 | 86.6% | |
| Net income · Q1-2026 | $108M | |
| Operating net income · Q1-2026 | $88M | |
| Annualized Operating ROAE · Q1-2026 | 15.2% | |
| Book value per diluted common share · Q1-2026 | $26.22 | |
| Catastrophe and large losses · Insurance · Q1-2026 | $72M | -78% y/y |
Risks flagged
Catastrophe loss exposure; prior year had high losses.
“Catastrophe and large losses were $72.3M vs $333.3M YoY; significant improvement but still material.”
Dependence on underwriting discipline and capital allocation.
“Capital allocator model; focus on profitable underwriting.”
7 May 20266-KFidelis Insurance Holdings repurchased all CVC shares; CVC waived all rights and director Daniel Brand resigned.open
Risks flagged
Loss of CVC's governance and oversight may reduce checks and balances.
“CVC waived all rights under Common Shareholders Agreement and Bye-Laws.”
7 May 20266-KFidelis Insurance declares $0.15 quarterly dividend; rebranding to Pelagos Insurance Capital.open
Figures in the filing · each found in the filing text
| Dividend per share · Q2-2026 | $0.15 |
16 Mar 20266-KFidelis Insurance Holdings (Pelagos) filed a 6-K with an Information Circular for its AGM. The attached CEO letter discusses 2025 performance, capital management, and strategic partnerships.open
Figures in the filing · each found in the filing text
| Combined ratio Q3 2025 · Q3-2025 | 79.0% | |
| Annualized operating return on average common equity Q3 2025 · Q3-2025 | 21.4% | |
| Combined ratio Q4 2025 · Q4-2025 | 80.6% | |
| Annualized operating return on average common equity Q4 2025 · Q4-2025 | 18.3% | |
| Gross premiums written 2025 · FY2025 | $4.70B | |
| Book value per diluted common share 2025 · FY2025 | $24.61 | |
| Cumulative common dividends per share 2025 · FY2025 | $0.90 |
Risks flagged
Legacy Russia-Ukraine aviation litigation exposure resolved; reduced uncertainty
“Proactively resolved legacy challenges relating to Russia-Ukraine aviation litigation exposure; drawn a line under this”
2 Mar 20266-KFidelis Insurance Group announced repurchase of all remaining common shares from CVC Falcon Holdings for $163.3M at $19.00/share, below year-end diluted book value of $24.61. CVC exits completely. Accretive to book value per share and ROE.open
Figures in the filing · each found in the filing text
| Aggregate purchase price · Q1-2026 | $163M | |
| Shares repurchased · Q1-2026 | 8,597,170 | |
| Repurchase price per share · Q1-2026 | $19.00 | |
| Diluted book value per common share · FY2025 | $24.61 |
Risks flagged
Reduction in cash reserves for repurchase; but accretive to book value and removes shareholder overhang.
“repurchase of all remaining common shares from CVC Falcon Holdings Limited” · word for word
25 Feb 20266-KFidelis Insurance reported Q4 2025 combined ratio of 80.6% (improvement of 47 points vs 128.0% in Q4 2024), annualized Operating ROAE of 18.3% (improvement of 37 points), net income $117.8M, and record gross premiums written of $4.7B (+7.1%open
Figures in the filing · each found in the filing text
| Combined ratio · Q4-2025 | 80.6% | |
| Annualized Operating ROAE · Q4-2025 | 18.3% | |
| Net income · Q4-2025 | $118M | |
| Operating net income · Q4-2025 | $110M | |
| Gross premiums written · Q4-2025 | $978M | +3% y/y |
| Net premiums earned · Q4-2025 | $553M | -13% y/y |
| Underwriting income · Q4-2025 | $107M | |
| Catastrophe and large losses · Q4-2025 | $51M | -62% y/y |
| Net favorable prior year loss reserve development · Q4-2025 | $35M | |
| Net investment income · Q4-2025 | $44M | -14% y/y |
Risks flagged
Catastrophe and large losses remain elevated at $515.5M for FY2025, though improved from $509M in FY2024.
“Catastrophe and large losses for the year ended December 31, 2025, were $515.5 million compared to $509.0 million in the prior year.” · word for word
Net premiums earned declined 12.9% YoY in Q4, potentially indicating cession of risk or premium mix shift.
“Net premiums earned │ 552.9 │ │ 634.5 (Q4 2025 vs Q4 2024).” · word for word
20 Feb 20266-KFidelis Insurance increases share repurchase authorization to $400M and declares $0.15 dividend, signaling strong capital position and commitment to shareholder returns.open
Risks flagged
No new operational risks identified.
“Standard forward-looking statements.”
12 Nov 20256-KFidelis Insurance Q3 2025: GPW +7.5% y/y, combined ratio improved to 79.0% (vs 87.4% y/y), annualized Operating ROAE 21.4%, net income $130.5M. Strong underwriting performance with favorable reserve development. Capital return $47.3M in quaopen
Figures in the filing · each found in the filing text
| Gross Premiums Written · Q3-2025 | $798M | +8% y/y |
| Combined Ratio · Q3-2025 | 79.0% | |
| Net Income · Q3-2025 | $131M | |
| Operating Net Income · Q3-2025 | $127M | |
| Annualized Operating ROAE · Q3-2025 | 21.4% | |
| Book Value per Diluted Common Share · Q3-2025 | $23.29 | |
| Underwriting Income · Q3-2025 | $126M | |
| Net Investment Income · Q3-2025 | $46M |
Guidance
Full-year GPW growth target 6-10%
Strong Q3 performance reinforces confidence in full-year targets; hard market supports growth and margin
Risks flagged
Catastrophe and large losses remain elevated at $57.4M in Q3 and $465M YTD
“Catastrophe and large losses for the third quarter of 2025 were $57.4 million; nine months $465.0 million” · word for word
Rate pressure in certain pockets of the portfolio
“we see signs of rate pressure in certain pockets” · word for word
YTD combined ratio of 99.5% impacted by adverse development and California wildfires
“Combined ratio of 99.5%, including net adverse development as a result of the English High Court judgment as well as the impact of the California wildfires” · word for word
Pelagos Insurance Capital Limit — questions
- What did Pelagos Insurance Capital Limit file recently?
- 17 SEC filings in the last 12 months. Latest: 6-K on 2026-09-14 — Pelagos Insurance Capital Limited appointed Michael Davern as a director, replacing Charles Mathias who resigned, designated by The Fidelis Partnership.
Every figure on this page comes from Pelagos Insurance Capital Limit's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.