Pelagos Insurance Capital/$PLGO
1D1W1MYTD1Y5YMAX
Capital at risk
About Pelagos Insurance Capital
Pelagos Insurance Capital Ltd operates in the specialty insurance and reinsurance sector. Its activities include capital allocation, risk selection, and the deployment of capital through underwriting partnerships across insurance and reinsurance markets. The company manages a diversified portfolio and works with underwriting partners to provide insurance and reinsurance solutions to clients and brokers.
- Ticker
- $PLGO
- Sector
- Finance
- Primary listing
- NYSE
- Employees
- 108
- Headquarters
- Pembroke, Bermuda
PLGO Metrics
BasicAdvanced
$2B
5.76
$4.16
0.29
$0.60
2.50%
Price and volume
Market cap
$2B
Beta
0.29
52-week high
$26.34
52-week low
$16.96
Average daily volume
478K
Dividend rate
$0.60
Financial strength
Current ratio
1.098
Quick ratio
0.649
Long term debt to equity
0.324
Total debt to equity
0.324
Dividend payout ratio (TTM)
14.00%
Interest coverage (TTM)
9.12%
Profitability
Gross margin (TTM)
25.19%
Net profit margin (TTM)
15.94%
Operating margin (TTM)
20.68%
Effective tax rate (TTM)
12.83%
Revenue per employee (TTM)
$23,270,000
Management effectiveness
Return on assets (TTM)
2.41%
Return on equity (TTM)
17.64%
Valuation
Price to earnings (TTM)
5.756
Price to revenue (TTM)
0.91
Price to book
0.89
Price to tangible book (TTM)
0.89
Price to free cash flow (TTM)
3.63
Free cash flow yield (TTM)
27.55%
Free cash flow per share (TTM)
6.601
Dividend yield (TTM)
2.50%
Forward dividend yield
2.50%
Growth
Revenue change (TTM)
-3.61%
Earnings per share change (TTM)
-1,145.94%
3-year revenue growth (CAGR)
13.31%
3-year earnings per share growth (CAGR)
-29.47%
Bulls say / Bears say
Pelagos made a clear underwriting recovery in the first half of 2026: net income was $152.4 million versus a $22.8 million loss a year earlier, while the combined ratio improved to 93.1% from 110.1%. Annualised operating return on average equity also turned positive at 10.1%. (StockTitan, MarketScreener)
The expanding underwriting-partner network is supporting measured growth. Gross premiums written rose 6.6% year on year, with growth from asset-backed finance, portfolio credit and property partnerships, while a new whole-account quota-share arrangement should improve capital efficiency. (ROIC AI, TradingKey)
Capital returns and book-value growth strengthen the shareholder case. Pelagos returned $73 million in the second quarter through dividends and buybacks, while book value per diluted share reached $26.56 and was up 22.6% over 12 months. (MarketScreener, ROIC AI)
Second-quarter earnings remain highly exposed to catastrophe and large-loss volatility. Those losses more than doubled to $161.8 million, pushing the quarterly combined ratio to 99.5% and annualised operating return on average equity down to 5.1%. (StockTitan, Business Wire)
Competition is beginning to pressure pricing in parts of the insurance and reinsurance market. Management cited rate declines of 15%–20% at some catastrophe renewals, while also noting greater competition in war-related lines and fewer risks meeting its underwriting appetite. (TradingKey)
The capital-allocation model relies on The Fidelis Partnership and other third-party underwriting partners for origination, underwriting administration and claims handling. That dependence leaves Pelagos exposed to partner execution, oversight and concentration risks even as the network expands. (Business Wire)
Data summarised monthly by Lightyear AI. Last updated on 25 Sept 2026.
Upcoming events
No upcoming events
PLGO News
AllArticlesVideos
Funds containing PLGO
Fund name | Fund size | $PLGO weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.04% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.