Pelagos Insurance Capital Reports Third Quarter 2026 Results
Business Wire•11/11/2026•16:15 ET
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Key Highlights
- ➤Gross premiums written $839.8 million, up 5.3% year over year
- ➤Combined ratio 91.5%, versus 79.0% in the prior-year quarter
- ➤Operating net income $83.3 million, or $1.00 per diluted share
- ➤Nine-month combined ratio improved to 92.4% from 99.5%
- ➤Pelagos repurchased $83.0 million of shares during the quarter
Expert Statements
Dan Burrows, Group Chief Executive Officer of Pelagos Insurance Capital
“We delivered a strong quarter with 15.3% annualized operating ROAE. These results demonstrate the strength of our capital allocator strategy and our ability to respond to changing market conditions, access a broader range of opportunities, and deploy capital to the most attractive areas of the market.”
Dan Burrows, Group Chief Executive Officer of Pelagos Insurance Capital
“Our advantage is simple: no single underwriting team sees every opportunity. By partnering with multiple leading teams, we expand our opportunity set and create a stronger, more diversified portfolio.”
Dan Burrows, Group Chief Executive Officer of Pelagos Insurance Capital
“Looking ahead, we see significant opportunity to build on the momentum across our expanding underwriting partner network. Combined with our strong balance sheet and the ability to pursue both profitable growth and accretive capital management, we are well positioned to accelerate top-line growth, generate attractive risk-adjusted returns, and create long-term value for our shareholders.”
Gross premiums written of $839.8 million, growth of 5.3% from the third quarter of 2025
* Gross premiums written of $839.8 million; growth of 5.3% from the third quarter of 2025
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