Company research
Pelagos Insurance Capital Ltd
CIK 1636639Updated Sep 27, 2026
SecurityPLGO · NYSE · equity
Name history
Fidelis Insurance Holdings Ltd · through May 7, 2026
PLGO price & chart
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Financials
FY 2025 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 12,443,800,000Source | 11,765,900,000Source | 10,028,100,000Source | 8,312,500,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 873,000,000Source | 743,000,000Source | 712,400,000Source | 1,222,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 9,800,000Source | 11,100,000Source | 7,300,000Source | 26,800,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 10,044,200,000Source | 9,317,500,000Source | 7,578,300,000Source | 6,325,400,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 1,000,000Source | 1,200,000Source | 1,200,000Source | 1,900,000Source |
| Additional Paid in CapitalUSD | 1,685,600,000Source | 2,044,600,000Source | 2,039,000,000Source | 2,075,200,000Source |
| Retained Earnings (Accumulated Deficit)USD | 675,900,000Source | 503,600,000Source | 436,600,000Source | 500,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 37,100,000Source | 4,500,000Source | -27,000,000Source | -100,800,000Source |
| Stockholders' Equity Attributable to ParentUSD | 2,399,600,000Source | 2,448,400,000Source | 2,449,800,000Source | 1,976,800,000Source |
| Liabilities and EquityUSD | 12,443,800,000Source | 11,765,900,000Source | 10,028,100,000Source | 8,312,500,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | — | — | 0Source | 10,300,000Source |
| Additional Financial Items | ||||
| Dividends PayableUSD | — | — | 0Source | 0Source |
| Long-term DebtUSD | 843,200,000Source | 448,900,000Source | 448,200,000Source | 447,500,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 225,500,000Source | 113,300,000Source | 2,132,500,000Source | 62,300,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 7,900,000Source | 7,800,000Source | 27,600,000Source | 10,800,000Source |
| Deferred Income Tax Expense (Benefit)USD | 8,900,000Source | 9,800,000Source | -86,500,000Source | -10,400,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -408,300,000Source | 618,200,000Source | 495,200,000Source | 741,400,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 682,700,000Source | -475,800,000Source | -834,900,000Source | 215,900,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 200,000Source | 2,200,000Source | 50,600,000Source | 0Source |
| Payments for Repurchase of Common StockUSD | 261,400,000Source | 105,500,000Source | 0Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 19,800,000Source | -153,900,000Source | -106,900,000Source | -16,200,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 301,000,000Source | -17,500,000Source | -443,800,000Source | 931,900,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,247,600,000Source | 946,600,000Source | 964,100,000Source | 1,407,900,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 42,600,000Source | 29,600,000Source | 29,700,000Source | 29,600,000Source |
| Income Taxes Paid, NetUSD | 26,700,000Source | 5,600,000Source | 14,700,000Source | 11,900,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 6,800,000Source | -6,000,000Source | 2,800,000Source | -9,200,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 47,700,000Source | 33,800,000Source | 35,500,000Source | 35,500,000Source |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously RecordedUSD | 1,800,000Source | 7,300,000Source | 4,100,000Source | 0Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | 4,600,000Source | -24,700,000Source | -700,000Source | -2,500,000Source |
| Deconsolidation, Revaluation of Retained Investment, Gain (Loss), AmountUSD | 0Source | 0Source | 1,707,100,000Source | 0Source |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | 990,100,000Source | 999,700,000Source | 723,800,000Source | 384,400,000Source |
| DepreciationUSD | — | — | 300,000Source | 3,900,000Source |
| Depreciation, Amortization and Accretion, NetUSD | -19,200,000Source | -14,000,000Source | — | — |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | -3,600,000Source | 3,800,000Source | -16,800,000Source |
| Dividends PayableUSD | — | — | 0Source | 0Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 500,000Source | 1,600,000Source | -4,100,000Source | 6,800,000Source |
| Gain (Loss) on InvestmentsUSD | 22,800,000Source | -28,600,000Source | 4,900,000Source | -33,700,000Source |
| General and Administrative ExpenseUSD | 96,600,000Source | 94,300,000Source | 82,700,000Source | 165,500,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 225,500,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | 50,100,000Source | 23,100,000Source | -85,300,000Source | 17,800,000Source |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred ClaimsUSD | 1,089,800,000Source | 1,155,800,000Source | 698,800,000Source | 830,200,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | 113,300,000Source | 2,132,500,000Source | 52,600,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | 0Source | 0Source | 9,700,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 225,500,000Source | 113,300,000Source | 2,132,500,000Source | 52,600,000Source |
| Operating Lease, ExpenseUSD | 2,100,000Source | 2,000,000Source | 1,500,000Source | 4,300,000Source |
| Proceeds from Issuance of Common StockUSD | 0Source | 0Source | 89,400,000Source | 0Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 697,300,000Source | 796,500,000Source | — | — |
| Realized Investment Gains (Losses)USD | — | -100,000Source | 2,100,000Source | 27,600,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | 600,000Source | -7,300,000Source | 6,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 2,500,500,000Source | 2,420,000,000Source | 3,596,200,000Source | 1,509,400,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 275,600,000Source | 136,400,000Source | 2,047,200,000Source | 80,100,000Source |
| Income Tax Expense (Benefit)USD | 50,100,000Source | 23,100,000Source | -85,300,000Source | 17,800,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | 0Source | 0Source | 9,700,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | 113,300,000Source | 2,132,500,000Source | 52,600,000Source |
| Earnings Per Share, BasicUSD per share | 2.12Source | 0.98Source | 18.65Source | 0.27Source |
| Earnings Per Share, DilutedUSD per share | 2.11Source | 0.98Source | 18.65Source | 0.26Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 106,158,800Source | 115,218,380Source | 114,313,971Source | 194,290,180Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 106,741,048Source | 115,627,181Source | 114,324,683Source | 199,323,854Source |
| Additional Financial Items | ||||
| Benefits, Losses and ExpensesUSD | 2,224,900,000Source | 2,283,600,000Source | 1,549,000,000Source | 1,429,300,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.5Source | 0.4Source | — | — |
| Current Income Tax Expense (Benefit)USD | 19,800,000Source | 8,800,000Source | 1,200,000Source | 28,200,000Source |
| Deconsolidation, Revaluation of Retained Investment, Gain (Loss), AmountUSD | 0Source | 0Source | 1,707,100,000Source | 0Source |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | 990,100,000Source | 999,700,000Source | 723,800,000Source | 384,400,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 500,000Source | 1,600,000Source | -4,100,000Source | 6,800,000Source |
| Gain (Loss) on InvestmentsUSD | 22,800,000Source | -28,600,000Source | 4,900,000Source | -33,700,000Source |
| General and Administrative ExpenseUSD | 96,600,000Source | 94,300,000Source | 82,700,000Source | 165,500,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 225,500,000Source | — | — | — |
| Investment Income, NetUSD | 184,000,000Source | 190,500,000Source | 119,500,000Source | 40,700,000Source |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred ClaimsUSD | 1,089,800,000Source | 1,155,800,000Source | 698,800,000Source | 830,200,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 225,500,000Source | 113,300,000Source | 2,132,500,000Source | 52,600,000Source |
| Net Investment IncomeUSD | 206,800,000Source | 161,900,000Source | 124,400,000Source | 7,000,000Source |
| Operating Lease, ExpenseUSD | 2,100,000Source | 2,000,000Source | 1,500,000Source | 4,300,000Source |
| Other Cost and Expense, OperatingUSD | 1,200,000Source | 1,600,000Source | 4,100,000Source | 20,500,000Source |
| Other ExpensesUSD | 1,200,000Source | 1,600,000Source | 4,100,000Source | 20,500,000Source |
| Other IncomeUSD | 0Source | 0Source | 100,000Source | 1,900,000Source |
| Realized Investment Gains (Losses)USD | — | -100,000Source | 2,100,000Source | 27,600,000Source |