Travelers unit reports 7.02% stake in Pelagos Insurance

Rhea-AI Filing Summary

Pelagos Insurance Capital Ltd has a significant shareholder, SPFM Holdings, LLC, whose ultimate parent is The Travelers Companies, Inc. The filing reports that SPFM and Travelers beneficially own 5,808,231 common shares of Pelagos Insurance Capital Ltd, representing 7.02% of the outstanding common shares.

SPFM and Travelers report sole voting power and sole dispositive power over all 5,808,231 shares, with no shared voting or dispositive power. Both entities are U.S.-organized (SPFM in Delaware and Travelers in Minnesota), and the ownership is certified by a corporate secretary of Travelers.

Key Figures

Beneficially owned shares: 5,808,231 shares Ownership percentage: 7.02% Sole voting power: 5,808,231 shares +3 more

6 metrics

Beneficially owned shares 5,808,231 shares Common shares of Pelagos Insurance Capital Ltd beneficially owned by SPFM and Travelers

Ownership percentage 7.02% Percent of Pelagos Insurance Capital Ltd common shares class owned by SPFM and Travelers

Sole voting power 5,808,231 shares Shares over which SPFM and Travelers have sole power to vote or direct the vote

Sole dispositive power 5,808,231 shares Shares over which SPFM and Travelers have sole power to dispose or direct disposition

Par value per share $0.01 per share Par value of Pelagos Insurance Capital Ltd common shares

CUSIP G3398L118 CUSIP for Pelagos Insurance Capital Ltd common shares reported

Key Terms

beneficially owned, sole voting power, sole dispositive power, percent of class

4 terms

beneficially owned financial

"Amount beneficially owned: 5,808,231"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"Sole power to vote or to direct the vote: 5,808,231"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"Sole power to dispose or to direct the disposition of: 5,808,231"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

percent of class financial

"Percent of class: 7.02%"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Pelagos Insurance Capital Ltd (PLGO) shares does SPFM Holdings beneficially own?

SPFM Holdings, LLC and its ultimate parent The Travelers Companies, Inc. beneficially own 5,808,231 common shares of Pelagos Insurance Capital Ltd. This stake is reported with sole voting and sole dispositive power over all of these shares.

What percentage of Pelagos Insurance Capital Ltd (PLGO) does Travelers control through SPFM?

The Travelers Companies, Inc., through SPFM Holdings, LLC, reports beneficial ownership of 7.02% of Pelagos Insurance Capital Ltd’s common shares. This percentage is based on 5,808,231 shares over the company’s outstanding common share base.

Who has voting and dispositive power over PLGO shares held by SPFM Holdings?

SPFM Holdings, LLC and The Travelers Companies, Inc. report sole voting power and sole dispositive power over 5,808,231 Pelagos Insurance Capital Ltd shares. They report no shared voting or shared dispositive power over these securities.

What is the relationship between SPFM Holdings and The Travelers Companies in relation to PLGO?

SPFM Holdings, LLC is ultimately owned by The Travelers Companies, Inc.. SPFM is governed by a board of directors that has authority to vote and dispose of the Pelagos Insurance Capital Ltd shares held by SPFM, with Travelers as the ultimate parent entity.

What class of Pelagos Insurance Capital Ltd (PLGO) securities is held by SPFM and Travelers?

SPFM Holdings, LLC and The Travelers Companies, Inc. hold Common Shares, par value $0.01 per share of Pelagos Insurance Capital Ltd. Their reported ownership covers only this class of securities identified with CUSIP G3398L118.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/07/2026 - 04:16 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Pelagos Insurance Capital Ltd

(Name of Issuer)

Common Shares, par value $0.01 per share

(Title of Class of Securities)

G3398L118

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G3398L118

1

Names of Reporting Persons

SPFM Holdings, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,808,231.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,808,231.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,808,231.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.02 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): G3398L118

1

Names of Reporting Persons

The Travelers Companies, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MINNESOTA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,808,231.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,808,231.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,808,231.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.02 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Pelagos Insurance Capital Ltd
(b)	Address of issuer's principal executive offices: Wellesley House South, 90 Pitts Bay Road, Pembroke, D0 HM 08
Item 2.
(a)	Name of person filing: This Schedule 13G is being filed by SPFM Holdings, LLC ("SPFM") and The Travelers Companies, Inc. ("Travelers"). SPFM is governed by a board of directors that has the authority to dispose of and vote the shares held by SPFM. The ultimate parent of SPFM is Travelers.
(b)	Address or principal business office or, if none, residence: The principal business address of SPFM is One Tower Square, Hartford, CT 06183. The principal business address of Travelers is 485 Lexington Avenue, New York, NY 10017.
(c)	Citizenship: SPFM is a Delaware limited liability company. Travelers is a Minnesota corporation.
(d)	Title of class of securities: Common Shares, par value $0.01 per share
(e)	CUSIP No.: G3398L118
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 5,808,231
(b)	Percent of class: 7.02%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 5,808,231
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 5,808,231
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

SPFM Holdings, LLC

Signature:	/s/ Wendy C. Skjerven
Name/Title:	Corporate Secretary
Date:	08/07/2026

The Travelers Companies, Inc.

Signature:	/s/ Wendy C. Skjerven
Name/Title:	Corporate Secretary
Date:	08/07/2026