Pelagos Insurance Capital (PLGO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 4, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 6-K for Q2 FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PLGO SEC filings page.
Pelagos Insurance Capital (PLGO) reported $2.5B in revenue over the twelve months to Jun 30, 2026, down 3.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Pelagos Insurance Capital's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Loss Ratio measures the claims an insurer paid out against the premiums it earned, so a lower ratio leaves more of every premium dollar with the company. Pelagos Insurance Capital scores 79/100 on it among other insurers.
Pelagos Insurance Capital reported revenue of $2.5B in fiscal year 2025, against $2.4B in fiscal year 2024. Premium Growth ranks insurers on the three-year path of the premiums they write rather than on total revenue, and Pelagos Insurance Capital scores 82/100 among other insurers.
Pelagos Insurance Capital funded 19.3% of its assets with shareholders' equity at the end of fiscal year 2025, holding $2.4B of equity against $12.4B of assets. Capital ranks insurers on that cushion, and Pelagos Insurance Capital scores 32/100 among other insurers.
Not available for Pelagos Insurance Capital, and counted as zero in the overall score.
Combined Ratio puts claims and running costs together against premiums earned, and a figure under 100% means the underwriting made money before any investment income was counted. Pelagos Insurance Capital scores 64/100 on it among other insurers.
Pelagos Insurance Capital reported net income of $225.5M in fiscal year 2025, against $113.3M in fiscal year 2024. Stability ranks insurers on how steady net income has been across five years, and Pelagos Insurance Capital scores 20/100 among other insurers.
Pelagos Insurance Capital passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Pelagos Insurance Capital used $1.81 of operating cash (-$408.3M OCF vs $225.5M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Pelagos Insurance Capital generated $650.0M in revenue in Q2 2026. This represents an increase of 10.3% from the same quarter a year earlier. Against the prior quarter it is up 6.5%.
Pelagos Insurance Capital reported $44.4M in net income in Q2 2026. This represents an increase of 125.4% from the same quarter a year earlier. Against the prior quarter it is down 58.9%.
Pelagos Insurance Capital earned $0.52 per diluted share (EPS) in Q2 2026. This represents an increase of 188.9% from the same quarter a year earlier. Against the prior quarter it is down 54.8%.
Not reported for Q2 2026.
Cash & Balance Sheet
Pelagos Insurance Capital recorded an outflow of $26.7M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 92.6% from the same quarter a year earlier. Against the prior quarter it is down 109.8%.
Pelagos Insurance Capital held $444.3M in cash against $720.5M in long-term debt as of Q2 2026.
Pelagos Insurance Capital paid $0.15 per share in dividends in Q2 2026. This represents an increase of 50.0% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Pelagos Insurance Capital's net profit margin was 6.8% in Q2 2026, showing the share of revenue converted to profit. This is up 3.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 10.9 percentage points.
Pelagos Insurance Capital's ROE was 2.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.8 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Pelagos Insurance Capital spent $60.1M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 32.2% from the same quarter a year earlier. Against the prior quarter it is down 72.6%.
Pelagos Insurance Capital invested $200K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 50.0%.
Not reported for Q2 2026.
PLGO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'266-K | Q1'2610-Q | Q4'256-K | Q3'2510-Q | Q2'256-K | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $650.0M+10.3% | $610.6M-7.3% | $600.9M-10.8% | $651.9M-5.0% | $589.3M+9.1% | $658.4M+26.6% | $673.8M+21.7% | $686.1M+27.6% |
| SG&A Expenses | $29.3M+31.4% | $29.2M+32.7% | $25.1M+6.4% | $27.2M+19.8% | $22.3M-8.6% | $22.0M-6.8% | $23.6M-8.2% | $22.7M+4.1% |
| Income Tax | $8.5M+240.0% | -$4.9M+37.2% | $25.1M+245.1% | $30.3M+75.1% | $2.5M-72.8% | -$7.8M-156.1% | -$17.3M+83.1% | $17.3M+119.0% |
| Net Income | $44.4M+125.4% | $108.0M+354.1% | $117.8M+196.4% | $130.5M+29.7% | $19.7M-63.3% | -$42.5M-152.3% | -$122.2M-153.5% | $100.6M+14.7% |
| EPS (Basic) | $0.53+194.4% | $1.16+405.3% | $1.12+207.7% | $1.25+42.0% | $0.18-60.9% | -$0.38-155.1% | -$1.04-157.5% | $0.88+17.3% |
| EPS (Diluted) | $0.52+188.9% | $1.15+402.6% | $1.12+207.7% | $1.24+40.9% | $0.18-60.9% | -$0.38-155.1% | -$1.04-156.8% | $0.88+18.9% |
| Diluted Shares (Avg) | 85M-22.0% | 94M-16.0% | N/A | 105M-8.5% | 109M-7.2% | 112M-5.8% | N/A | 115M-2.7% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Interest Expense.
PLGO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'266-K | Q1'2610-Q | Q4'256-K | Q3'2510-Q | Q2'256-K | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.0B+7.7% | $13.7B+7.4% | $12.4B+5.8% | $12.5B+6.9% | $13.0B+8.9% | $12.8B+13.4% | $11.8B+17.3% | $11.7B |
| Cash & Equivalents | $444.3M-51.7% | $895.4M+22.1% | $873.0M+17.5% | $892.5M+10.6% | $919.4M+46.3% | $733.4M+9.2% | $743.0M+4.3% | $806.8M+41.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $661.7M+147.2% | $607.5M+200.7% | $485.7M+141.6% | $397.4M+716.0% | $267.7M+472.0% | $202.0M+329.8% | $201.0M+323.2% | $48.7M |
| Total Liabilities | $11.8B+10.4% | $11.5B+10.4% | $10.0B+7.8% | $10.1B+11.3% | $10.7B+13.5% | $10.4B+18.6% | $9.3B+22.9% | $9.1B |
| Long-Term Debt | $720.5M-14.5% | $843.5M+87.8% | $843.2M+87.8% | $842.9M+87.8% | $842.6M+87.8% | $449.1M+0.2% | $448.9M+0.2% | $448.8M |
| Total Equity | $2.2B-4.4% | $2.3B-5.7% | $2.4B-2.0% | $2.4B-8.2% | $2.3B-8.2% | $2.4B-5.0% | $2.4B-0.1% | $2.6B+21.9% |
| Retained Earnings | $802.5M+75.0% | $770.8M+71.3% | $675.9M+34.2% | $573.3M-10.0% | $458.5M-16.3% | $449.9M-11.1% | $503.6M+15.3% | $636.9M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.
PLGO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'266-K | Q1'2610-Q | Q4'256-K | Q3'2510-Q | Q2'256-K | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$26.5M+92.6% | $274.0M+163.3% | $228.8M+81.4% | $155.2M-51.3% | -$359.2M-272.3% | -$433.1M-1126.9% | $126.1M-36.1% | $318.9M+113.6% |
| Depreciation & Amortization | -$2.1M+56.3% | -$3.5M+39.7% | -$3.9M+22.0% | -$4.7M-2.2% | -$4.8M-71.4% | -$5.8M-262.5% | -$5.0M-2600.0% | -$4.6M |
| Stock-Based Compensation | N/A | $1.7M+30.8% | N/A | N/A | N/A | $1.3M-58.1% | N/A | N/A |
| Capital Expenditures | $200K+100.0% | $400K+33.3% | $200K-71.4% | $600K-64.7% | $100K-94.7% | $300K0.0% | $700K-84.8% | $1.7M |
| Free Cash Flow | -$26.7M+92.6% | $273.6M+163.1% | $228.6M+82.3% | $154.6M-51.3% | -$359.3M-273.9% | -$433.4M-1117.4% | $125.4M-35.0% | $317.2M+112.5% |
| Investing Cash Flow | -$318.3M-207.9% | -$224.7M-150.5% | $64.5M+135.8% | -$121.4M-42.2% | $294.9M+252.3% | $444.7M+2778.9% | -$180.2M-160.4% | -$85.4M+73.8% |
| Financing Cash Flow | -$197.8M-184.6% | -$234.1M-605.1% | -$133.6M-1092.9% | -$47.3M+40.4% | $233.9M+603.0% | -$33.2M-97.6% | -$11.2M | -$79.4M-188.8% |
| Share Buybacks | $60.1M-32.2% | $219.4M+892.8% | $118.7M | $31.9M-53.0% | $88.7M+172.1% | $22.1M+342.0% | $0 | $67.9M |
Not reported in any period shown, so not listed: Dividends Paid.
PLGO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'266-K | Q1'2610-Q | Q4'256-K | Q3'2510-Q | Q2'256-K | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 6.8%+3.5pp | 17.7%+24.1pp | 19.6%+37.7pp | 20.0%+5.4pp | 3.3%-6.6pp | -6.5%-22.1pp | -18.1%-59.4pp | 14.7%-1.7pp |
| Return on Equity | 2.0%+1.1pp | 4.8%+6.6pp | 4.9%+9.9pp | 5.4%+1.6pp | 0.9%-1.3pp | -1.8%-5.0pp | -5.0%-14.3pp | 3.8%-0.2pp |
| Return on Assets | 0.3%+0.2pp | 0.8%+1.1pp | 0.9%+2.0pp | 1.0%+0.2pp | 0.1%-0.3pp | -0.3%-1.0pp | -1.0%-3.3pp | 0.9% |
| Debt-to-Equity | 0.320.0x | 0.37+0.2x | 0.35+0.2x | 0.35+0.2x | 0.36+0.2x | 0.190.0x | 0.180.0x | 0.17 |
| Asset Turnover | 0.050.0x | 0.040.0x | 0.050.0x | 0.050.0x | 0.050.0x | 0.050.0x | 0.060.0x | 0.06 |
| FCF Margin | -4.1%+56.9pp | 44.8%+110.6pp | 38.0%+19.4pp | 23.7%-22.5pp | -61.0%-99.2pp | -65.8%-59.0pp | 18.6%-16.2pp | 46.2%+18.4pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Where Pelagos Insurance Capital Ranks
Frequently Asked Questions
What is Pelagos Insurance Capital's annual revenue?
Pelagos Insurance Capital (PLGO) reported $2.5B in total revenue for fiscal year 2025. This represents a 3.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Pelagos Insurance Capital's revenue growing?
Pelagos Insurance Capital (PLGO) revenue grew by 3.3% year-over-year, from $2.4B to $2.5B in fiscal year 2025.
Is Pelagos Insurance Capital profitable?
Yes, Pelagos Insurance Capital (PLGO) reported a net income of $225.5M in fiscal year 2025, with a net profit margin of 9.0%.
How much debt does Pelagos Insurance Capital have?
As of fiscal year 2025, Pelagos Insurance Capital (PLGO) had $873.0M in cash and equivalents against $843.2M in long-term debt.
What is Pelagos Insurance Capital's net profit margin?
Pelagos Insurance Capital (PLGO) had a net profit margin of 9.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Pelagos Insurance Capital pay dividends?
Yes, Pelagos Insurance Capital (PLGO) paid $0.50 per share in dividends during fiscal year 2025.
What is Pelagos Insurance Capital's return on equity (ROE)?
Pelagos Insurance Capital (PLGO) has a return on equity of 9.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Pelagos Insurance Capital's free cash flow?
Pelagos Insurance Capital (PLGO) recorded an outflow of $409.5M in free cash flow during fiscal year 2025. This represents a -166.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Pelagos Insurance Capital's operating cash flow?
Pelagos Insurance Capital (PLGO) recorded an outflow of $408.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Pelagos Insurance Capital's total assets?
Pelagos Insurance Capital (PLGO) had $12.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Pelagos Insurance Capital's capital expenditures?
Pelagos Insurance Capital (PLGO) invested $1.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Pelagos Insurance Capital's debt-to-equity ratio?
Pelagos Insurance Capital (PLGO) had a debt-to-equity ratio of 0.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Pelagos Insurance Capital's return on assets (ROA)?
Pelagos Insurance Capital (PLGO) had a return on assets of 1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Pelagos Insurance Capital's P/E ratio?
Pelagos Insurance Capital (PLGO) trades at 5.2x earnings, its market capitalization divided by net income of $400.7M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.1B as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Pelagos Insurance Capital's price-to-sales ratio?
Pelagos Insurance Capital (PLGO) trades at 0.8x sales, its market capitalization divided by revenue of $2.5B revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.1B as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Pelagos Insurance Capital's Piotroski F-Score?
Pelagos Insurance Capital (PLGO) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Pelagos Insurance Capital's earnings high quality?
For every $1 of reported earnings, Pelagos Insurance Capital (PLGO) used $1.81 of operating cash (-$408.3M OCF vs $225.5M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Pelagos Insurance Capital?
Pelagos Insurance Capital (PLGO) scores 46 out of 100 on our Financial Health Score, indicating moderate standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.