Pelagos Insurance Capital Schedules Third Quarter 2026 Financial Results Conference Call
Pelagos Insurance Capital (NYSE: PLGO), formerly Fidelis Insurance Group (NYSE: FIHL), will release third quarter 2026 financial results on November 11, 2026, after market close. Management including CEO Dan Burrows and CFO Allan Decleir will host a teleconference with Q&A on November 12, 2026, at 9:00 a.m. ET, with a live webcast on the company's investor site. The release contains no financial figures and is a routine scheduling notice; note the company's recent rebrand from FIHL to PLGO.
FIHL: 6-K · leadership change
Pelagos Insurance Capital Limited appointed Michael Davern as a director effective September 14, 2026, succeeding Charles Mathias as the Board designee of The Fidelis Partnership. Davern will serve the remainder of the Class I term expiring at the 2027 annual general meeting and joins the Risk Committee and Investment Committee. The appointment flows from The Fidelis Partnership's designation rights under Bye-Laws 54.3(a)(iv) and 54.3(c) of Pelagos's Amended and Restated Bye-Laws, following Mathias's resignation effective August 2, 2026 that was previously disclosed in a Form 6-K on August 3, 2026. Davern brings deep underwriting credentials: he is CEO and a director of Pine Walk Capital Limited and UK Chief Underwriting Officer and Group Head of D&F Property and Energy at The Fidelis Partnership, with prior senior underwriting roles at AXA XL and Catlin Group. His non-executive director compensation will be paid directly to The Fidelis Partnership, and the report was incorporated by reference into Pelagos's S-8 and F-3 registration statements.
Fidelis Insurance Q2 Earnings Call Highlights
FIHL: 6-K · earnings release
Pelagos Insurance Capital (NYSE: PLGO, formerly Fidelis) reported Q2 2026 gross premiums written of $1.3 billion, up 6.4% year over year, with net income of $44.4 million, or $0.52 per diluted share, and a combined ratio of 99.5%, a four-point improvement from 103.7% a year earlier. First-half results swung sharply positive: net income of $152.4 million versus a $22.8 million loss in H1 2025, on a 93.1% combined ratio versus 110.1%, with annualized operating ROAE of 10.1% and book value per diluted share of $26.56, up 9.1% since year-end and 23% including dividends over twelve months. Capital return was aggressive: $72.6 million returned in Q2, including $60.1 million of buybacks at an average $21.60 per share, bringing H1 repurchases to $279.5 million; a $0.15 per-share dividend is payable September 25, 2026, and $139.1 million remains under the $400 million authorization. Watch items: Q2 catastrophe and large losses more than doubled to $161.8 million, driven by the Middle East conflict and the Ras Laffan gas plant explosion in Qatar, and management flagged continued pricing pressure in property insurance and reinsurance markets.
FIHL: 6-K · dividend
Pelagos Insurance Capital Limited's board of directors has declared a quarterly dividend of $0.15 per common share. The dividend is payable on September 25, 2026, to shareholders of record as of September 14, 2026. The company, formerly known as Fidelis Insurance Holdings Limited, operates as a capital allocator and risk selector in the specialty insurance and reinsurance sectors.
Charles Mathias resigned from the Board of Directors of Pelagos Insurance Capital Limited effective August 2, 2026. He also stepped down from his roles on the Risk Committee and Investment Committee. Mr. Mathias was originally nominated to the board by TFP Intermediate Holdings II Limited, also known as The Fidelis Partnership. Under the company's Bye-Laws, The Fidelis Partnership retains the right to designate a successor to serve the remainder of Mr. Mathias' term.
Pelagos Insurance Capital reported strong first quarter 2026 results, with gross premiums written of $1.8 billion, representing a 6.8% increase from the first quarter of 2025. The company's combined ratio improved significantly to 86.6%, down from 115.6% in the prior year period, indicating a substantial underwriting profit. Net income for the quarter was $108.0 million, or $1.15 per diluted common share, compared to a net loss of $42.5 million in the first quarter of 2025. This significant turnaround is primarily attributed to a reduction in catastrophe and large losses, which were $72.3 million in the current period, down from $333.3 million in the prior year. The company also returned $232.7 million to common shareholders in the quarter, including $219.4 million in share repurchases at an average price of $19.00 per share and $13.3 million in dividends. Book value per diluted common share increased to $26.22 at March 31, 2026, up from $24.61 at December 31, 2025, representing a 7.2% increase. Pelagos Insurance Capital has rebranded from Fidelis Insurance Group, effective May 11, 2026, and began trading on the New York Stock Exchange under the new ticker symbol, PLGO, on May 12, 2026. The rebranding follows shareholder approval and is part of the company's strategic focus on specialty insurance and reinsurance.
Pelagos Insurance Capital (Formerly Fidelis Insurance Group) Announces Official Rebrand
Fidelis Insurance Holdings Limited has officially rebranded to Pelagos Insurance Capital, effective May 11, 2026, following shareholder approval. The company's common shares will begin trading under the new ticker symbol "PLGO" on the NYSE effective May 12, 2026, replacing "FIHL". Management confirmed that the name change does not alter its strategy, team, or capital strength, and reiterated plans to report Q1 2026 earnings on May 13.
Fidelis Insurance Group Declares Quarterly Dividend
Fidelis Insurance Group declared a quarterly dividend of $0.15 per share, payable June 26, 2026, to shareholders of record as of June 15. The company expects to rebrand as Pelagos Insurance Capital in May 2026, pending regulatory approvals. Management highlighted strong financial foundation with A ratings from AM Best, S&P, and A3 from Moody’s.
