Recent Updates — PLGO
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.
Pelagos Insurance Capital Limited declared a quarterly cash dividend of $0.15 per common share, payable on September 25, 2026, to shareholders of record as of September 14, 2026. The company operates in the specialty insurance and reinsurance industry.
On July 9, 2026, Charles Mathias announced his resignation from Pelagos Insurance Capital Limited’s Board of Directors and its Risk and Investment Committees, effective August 2, 2026. The Fidelis Partnership holds the right to designate Mathias' successor under the company's bye-laws. This executive departure is material as it involves a board member nominated by a significant shareholder. Pelagos Insurance Capital Limited operates in the insurance industry, specifically providing capital and risk transfer solutions.