Earnings ·
Pelagos Insurance Capital reported second quarter 2026 net income of $44.4 million, or $0.52 per diluted share, driven…
PLGOPelagos Insurance Capital Ltd
Pelagos Insurance Capital reported second quarter 2026 net income of $44.4 million, or $0.52 per diluted share, driven by a combined ratio improvement to 99.5% from 103.7% in the prior year period and $32.7 million in favorable prior year loss reserve development. Gross premiums written reached $1.3 billion, reflecting 6.4% growth, while total capital returned to shareholders totaled $72.6 million through $60.1 million in share repurchases and dividends. The company also announced a quarterly cash dividend of $0.15 per common share, payable on September 25, 2026, to holders of record as of September 14, 2026. Pelagos Insurance Capital operates in the specialty insurance and reinsurance industry.