Pelagos Insurance Capital Ltd (FIHL) Form 6-K — May 13, 2026
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.
Key figures
- Eps
- 1.15
- Eps Beat
- 0
- Net Income
- 108
- Total Debt
- 843.5
- Debt Amount
- 843.5
- Revenue Yoy
- 6.8
- Cash Position
- 895.4
- Deal Value Usd
- 0
- Interest Rate
- 0
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Shares Outstanding
- 85496757
- Combined Ratio
- 86.6
- Net Investment Income
- 43.7
- Annualized Operating ROAE
- 15.2
- Catastrophe And Large Losses
- 72.3
- Book Value Per Diluted Common Share
- 26.22
- Net Favorable Prior Year Reserve Development
- 3.1
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