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Stocks · Financials · Fire, Marine & Casualty Insurance

Pelagos Insurance Capital Ltd

PLGO Clue Score59
Bermuda Fiscal year ends December CIK 0001636639
$24.28 -0.70% Close, 9 Oct 2026
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Price $24.28 +68.96% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 29 Jun 2023. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2021Revenue1.19Net income0.07EPS, diluted0.34Fiscal year 2022Revenue1.51 +26.3%Net income0.05 −23.0%EPS, diluted0.26Fiscal year 2023Revenue3.60 +138.3%Net income2.13 +3,954.2%EPS, diluted18.65Fiscal year 2024Revenue2.42 −32.7%Net income0.11 −94.7%EPS, diluted0.98Fiscal year 2025Revenue2.50 +3.3%Net income0.23 +99.0%EPS, diluted2.11
FY2021FY2022FY2023FY2024FY2025
Revenue 1.19 1.51 3.60 2.42 2.50
Growth +26.3% +138.3% −32.7% +3.3%
Net income 0.07 0.05 2.13 0.11 0.23
Growth −23.0% +3,954.2% −94.7% +99.0%
EPS, diluted 0.34 0.26 18.65 0.98 2.11

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2021Net margin5.7%Free cash flow margin28.3%Fiscal year 2022Net margin3.5%Free cash flow margin47.9%Fiscal year 2023Net margin59.3%Free cash flow margin13.6%Fiscal year 2024Net margin4.7%Free cash flow margin25.4%Fiscal year 2025Net margin9.0%Free cash flow margin−16.4%
FY2021FY2022FY2023FY2024FY2025
Net margin 5.7% 3.5% 59.3% 4.7% 9.0%
Free cash flow margin 28.3% 47.9% 13.6% 25.4% −16.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2021Operating cash flow0.35Capital expenditure−0.01Free cash flow0.34Buybacks−0.32Fiscal year 2022Operating cash flow0.74Capital expenditure−0.02Free cash flow0.72 +113.3%Buybacks0.00Fiscal year 2023Operating cash flow0.50Capital expenditure−0.01Free cash flow0.49 −32.4%Buybacks0.00Fiscal year 2024Operating cash flow0.62Capital expenditure−0.00Free cash flow0.61 +25.5%Buybacks−0.11Fiscal year 2025Operating cash flow−0.41Capital expenditure−0.00Free cash flow−0.41 −166.7%Buybacks−0.26
FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.35 0.74 0.50 0.62 −0.41
Capital expenditure −0.01 −0.02 −0.01 −0.00 −0.00
Free cash flow 0.34 0.72 0.49 0.61 −0.41
Growth +113.3% −32.4% +25.5% −166.7%
Buybacks −0.32 0.00 0.00 −0.11 −0.26

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2021Cash0.48Shareholders’ equity2.02Fiscal year 2022Cash1.22Total debt0.45Net cash (debt)0.77Shareholders’ equity1.98Debt to equity0.23Fiscal year 2023Cash0.71Total debt0.45Net cash (debt)0.26Shareholders’ equity2.45Debt to equity0.18Fiscal year 2024Cash0.74Total debt0.45Net cash (debt)0.29Shareholders’ equity2.45Debt to equity0.18Fiscal year 2025Cash0.87Total debt0.84Net cash (debt)0.03Shareholders’ equity2.40Debt to equity0.35
FY2021FY2022FY2023FY2024FY2025
Cash 0.48 1.22 0.71 0.74 0.87
Total debt n/a 0.45 0.45 0.45 0.84
Net cash (debt) n/a 0.77 0.26 0.29 0.03
Shareholders’ equity 2.02 1.98 2.45 2.45 2.40
Debt to equity n/a 0.23 0.18 0.18 0.35

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
6.6% 5.3% 56.9% 5.6% 11.0%
5.7% 3.5% 59.3% 4.7% 9.0%
28.3% 47.9% 13.6% 25.4% −16.4%
Spending
10.9% 11.0% 2.3% 3.9% 3.9%
0.6% 1.2% 0.2% 0.2% 0.0%
0.5% 22.2% −4.2% 16.9% 18.2%
Returns
3.4% 2.7% 87.0% 4.6% 9.4%
n/a 0.6% 21.3% 1.0% 1.8%
Balance and payout
n/a 0.23 0.18 0.18 0.35
n/a 76.1% 75.6% 79.2% 80.7%
94.7% 0.0% 0.0% 17.2% n/a