Pelagos posts 91.5% combined ratio as Middle East losses double in Q3

Pelagos Insurance Capital reported Q3 2026 gross premiums written of $840M, up 5.3% YoY, but operating net income fell to $83M from $127M YoY. Shares rose 3.06% to $28.83. Year-to-date, premiums grew 6.4% and operating net income doubled to $200M. The company returned $95M to shareholders via buybacks and dividends.

Pelagos Insurance Capital Ltd (PLGO) furnished an SEC Form 6-K — earnings release. Pelagos Insurance Capital Reports Third Quarter 2026 Results Gross premiums written of $839.8 million, growth of 5.3% from the third quarter of 2025 Annualized Operating ROAE of 15.3% Third Quarter 2026 Highlights: • Gross premiums written of $839.8 million; growth of 5.3% from t

Pelagos Insurance Capital (PLGO) reported Q3 adjusted EPS of $1.00, beating estimates, but net income of $0.74 per share missed expectations. Revenue grew 5.3% YoY to $800.9M. Higher catastrophe losses, driven by Middle East conflicts, increased the combined ratio to 91.5%. The company returned $95.2M to shareholders and raised its dividend to $0.22 per share.

Fidelis Insurance Holdings reported Q3 Non-GAAP EPS of $1.00, exceeding estimates by $0.29. Revenue reached $800.9M, up 22.9% year-over-year and $92.89M above expectations. Shares fell 1.27%.

Pelagos Insurance Capital (PLGO) reported Q3 2026 results with an annualized operating ROAE of 15.3%. The company repurchased 17.7M shares for $362.5M in nine months and increased its quarterly dividend to $0.22 per share. Underwriting trends were mixed, and further details will be provided in earnings tables and a conference call.

Pelagos Insurance Capital (PLGO) increased its quarterly dividend to $0.22 per share, payable December 23, 2026. The company also authorized a $400M share buyback program.