Pelagos Q2 FY26 net income rises to $44.4 million; gross premiums written climb 6.4% to $1.3 billion

Reuters2026/08/12 20:18

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Pelagos posted Q2 net income of USD 44.4 million, or USD 0.52 per diluted share; gross premiums written rose 6.4% to USD 1.3 billion.
Combined ratio narrowed to 99.5% from 103.7% a year earlier, helped by USD 32.7 million of favorable prior-year reserve development.
Catastrophe and large losses climbed to USD 161.8 million from USD 74.3 million; net investment income was USD 44 million.
Returned USD 72.6 million to common shareholders, including USD 60.1 million of repurchases at an average USD 21.60 per share.
CEO Dan Burrows cited underwriting discipline, highlighting 6.6% first-half gross premiums written growth to USD 3.1 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pelagos Insurance Capital Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 202608121615BIZWIRE_USPR_____20260812_BW431754) on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Pelagos Q2 FY26 net income rises to $44.4 million; gross premiums written climb 6.4% to $1.3 billion

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