Pelagos Insurance Capital (PLGO)
Specialty insurer and reinsurer built around delegated underwriting partnerships.
Something off on this page? Send us feedback.
Writes specialty insurance and property-catastrophe reinsurance, earning premiums and investment income on insurance float. A capital-allocation model separates regulated risk carriers from much of the delegated underwriting and claims work performed by The Fidelis Partnership.
Operates regulated insurance carriers in Bermuda, the United Kingdom and Ireland, writing specialty insurance and property-catastrophe reinsurance. Product lines include commercial property, marine, energy, aviation and aerospace, cyber, structured credit, political risk, violence and terror, plus quota-share, excess-of-loss and retrocession cover.
Earns premiums for assuming risk and investment income on insurance float, while setting underwriting strategy and allocating capital. The Fidelis Partnership performs most origination, underwriting, claims handling and reinsurance administration under a rolling agreement; Pelagos retains risk appetite, oversight and approval over large claims. Brokers and reinsurance intermediaries distribute global risk business, while regulated subsidiaries must maintain capital and the parent depends on their distributions for liquidity.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 13, 2026 | Barclays | Reiterate | Rating: —Target: $24 | Target: $23 |
| Jul 10, 2026 | Evercore ISI | Target | Target: — | Target: $24 |
| Jul 8, 2026 | UBS | Reiterate | Rating: —Target: — | Target: $29 |
| Jul 7, 2026 | Barclays | Target | Target: $22 | Target: $24 |
| Jul 1, 2026 | Goldman Sachs | Reiterate | Rating: —Target: — | Target: $22.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $517.1M · Total debt $720.5M · Total assets $10.76B · Shareholders' equity $2.22B
- Revenue
- $624.4M
- Operating income
- $52.9M
- Net income
- $44.4M
HistoryDividendAnnual yield
No ownership filings on record for this listing.
- AXIS Capital
Broad global specialty and reinsurance capacity across core lines.
- Everest Group
Scaled global insurance and reinsurance capacity across property and specialty.
- Hamilton Insurance Group
Bermuda and Lloyd's specialist across insurance and reinsurance.
- Lead Real Estate (ADR)
Short-tail specialist in property, marine, energy, aviation and reinsurance.
- Markel Group
Large specialty-insurance rival in property, marine, energy and credit.
- Cre8 Enterprise
Bermuda treaty reinsurer for property catastrophe and specialty capacity.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Pelagos Insurance Capital | $23.88 | +1.36% | $2.01B | 5.8 | 6.3 | 0.9 | +6.4% |
| AXIS Capital | $96.57 | +0.30% | $7.03B | 6.1 | 7.4 | 1.0 | +7.4% |
| Everest Group | $375.29 | +1.17% | $14.68B | 7.9 | 6.8 | 0.9 | −10.1% |
| Hamilton Insurance Group | $33.81 | +0.21% | $3.37B | 5.9 | 7.7 | 1.1 | +16.7% |
| Lead Real Estate (ADR) | $1.08 | +1.89% | $14.5M | 2.4 | — | 0.1 | — |
| Markel Group | $1,763.84 | +0.03% | $21.85B | 9.7 | 15.4 | 1.3 | +17.6% |
| Cre8 Enterprise | $2.94 | −0.51% | $5.9M | — | — | — | — |
| Median | 6.1 | 7.5 | 1.0 | +12.0% |