Pelagos Insurance Capital Ltd
PLGO · Fire, Marine & Casualty Insurance · EDGAR filings ↗
Grade
C58Diversified Bermuda specialty (re)insurer with solid capital and low leverage but volatile, catastrophe-exposed earnings and sparse return data.
Strengths
- Sizable cash $873M (73rd pct) and modest debt/equity 0.35 (72nd pct) support underwriting flexibility
- Diversified $4.7B GPW book across 10 lines with a flexible capital-allocation/TFP underwriting model
Risks
- Heavy natural-catastrophe and reserve-adequacy exposure drives earnings volatility; growth only 3.3% (32nd pct)
- No ROE/ROA disclosed and rating-downgrade sensitivity limit visibility into through-cycle returns
Notable findings
- Strong balance sheetStrong balance sheet — $873M cash & investments
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
9.0%
Return on equity
9.4%
Return on assets
1.8%
Revenue growth (QoQ)
1.6%
Net-income growth
99.0%
Debt / equity
0.4×
Tangible book value
$2.4B
Cash & investments
$873M
Stock comp / revenue
0.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-03 | Strickle Jonathan | Tax withheld | 2.9K | $21.58 |
| 2026-03-30 | Strickle Jonathan | Grant | 72K | — |
| 2026-03-30 | Pearson Michael Justin | Grant | 33K | — |
| 2026-03-30 | Kittinger Jason Allen | Grant | 38K | — |
| 2026-03-30 | Iberg Cathleen Ann | Grant | 6.5K | — |
| 2026-03-30 | Dandridge Christine Elaine | Grant | 6.5K | — |
| 2026-03-30 | Collis Charles Grant Ross | Grant | 6.5K | — |
| 2026-03-30 | Decleir Allan Carl | Grant | 20K | — |
| 2026-03-30 | Burrows Daniel David | Grant | 154K | — |
| 2026-03-30 | Morrissey Helena | Grant | 7.8K | — |
| 2026-03-30 | Kapu-Leyland Nicole Ka'ulu'okala | Grant | 46K | — |
| 2026-03-30 | Adams Matthew J | Grant | 6.5K | — |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-05 | 2025-12-31 | 0001628280-26-015356 ↗ |
| 20-F | 2025-03-11 | 2024-12-31 | 0001636639-25-000022 ↗ |
| 20-F | 2024-03-15 | 2023-12-31 | 0001636639-24-000026 ↗ |