Quarterly ResultAug 12, 2026, 04:24 PM
Pelagos Insurance Q2 Net Income $44.4M; Combined Ratio 99.5%
AI Summary
Pelagos Insurance Capital (formerly Fidelis Insurance Holdings Ltd) reported strong second quarter 2026 results, with net income reaching $44.4 million, or $0.52 per diluted common share. Gross premiums written increased by 6.4% to $1.3 billion, and the combined ratio improved significantly to 99.5%. The company also returned $72.6 million to shareholders through buybacks and dividends, and declared a quarterly dividend of $0.15 per share.
Key Highlights
- Q2 2026 net income was $44.4 million, or $0.52 per diluted common share.
- Gross premiums written grew 6.4% to $1.3 billion in Q2 2026.
- Combined ratio improved to 99.5% in Q2 2026, from 103.7% in Q2 2025.
- Annualized operating return on average common equity (ROAE) was 5.1% in Q2 2026, up from 2.3% in Q2 2025.
- Book value per diluted common share increased 9.1% to $26.56 at June 30, 2026, including cumulative dividends.
- Total capital returned to common shareholders was $72.6 million in Q2 2026, including $60.1 million in share repurchases.
- A dividend of $0.15 per share was declared, payable on September 25, 2026.
Price Impact
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