Pelagos Insurance Capital Q3 2026 net income drops 53% to $61.7 million
PLGO•Pelagos Insurance Capital’s third-quarter 2026 net income fell 53% year over year to $61.7 million. Gross premiums written rose 5% to $840 million, while the combined ratio worsened to 91.5%.
1. Quarterly results
Pelagos Insurance Capital reported third-quarter net income of $61.7 million, down 53% year over year. Gross premiums written rose 5% to $840 million, driven by the Insurance segment, and the combined ratio increased to 91.5% compared with particularly benign loss experience a year earlier. Capital returns totaled $95 million, including $83 million in common share repurchases.
