Fidelis Insurance Holdings Ltd

Pelagos Insurance Capital (formerly Fidelis Insurance Holdings Ltd) reported strong first quarter 2026 financial results, with gross premiums written increasing 6.8% to $1.8 billion. The company achieved a significantly improved combined ratio of 86.6% and an annualized operating return on average common equity (ROAE) of 15.2%. Net income for the quarter was $108.0 million, or $1.15 per diluted common share, and book value per diluted common share grew 7.2% to $26.22. Additionally, the company returned $232.7 million to common shareholders, including $219.4 million in share repurchases, and completed its rebranding to Pelagos Insurance Capital with the new NYSE ticker PLGO.

Fidelis Insurance Holdings Ltd has officially rebranded as Pelagos Insurance Capital, effective May 11, 2026, following shareholder approval. The company's common shares are expected to begin trading under the new ticker symbol "PLGO" on the NYSE, effective May 12, 2026. Pelagos Insurance Capital will release its Q1 2026 financial results on May 13, 2026, with an earnings call scheduled for May 14, 2026.

Fidelis Insurance Holdings Ltd announced that Mr. Daniel Brand resigned from its Board of Directors and all associated committees on May 7, 2026. This resignation is linked to CVC's waiver of certain rights, including director designation and governance rights, under the Common Shareholders Agreement and the Company’s Bye-Laws, following a Share Repurchase.

Fidelis Insurance Holdings Limited announced that its Board of Directors has approved and declared a quarterly dividend of $0.15 per common share. The dividend is payable on June 26, 2026, to shareholders of record as of June 15, 2026. The company also noted its expectation to rebrand as Pelagos Insurance Capital in May 2026, pending necessary approvals.

Fidelis Insurance Holdings Limited held its 2026 Annual Meeting of Shareholders where key proposals were approved. Shareholders voted to change the company's name to Pelagos Insurance Capital Limited, with the change expected to be effective on May 11, 2026, and trading under the new ticker "PLGO" commencing on May 12, 2026. Additionally, Class III directors were elected, KPMG Audit Limited was ratified as the independent auditor for 2026, and amended bye-laws were approved.