Pelagos Q2 FY26 net income rises to $44.4 million; gross premiums written climb 6.4% to $1.3 billion
PLGO•Second-quarter results
Pelagos posted Q2 net income of $44.4 million, or $0.52 per diluted share; gross premiums written rose 6.4% to $1.3 billion.
Combined ratio narrowed to 99.5% from 103.7% a year earlier, helped by $32.7 million of favorable prior-year reserve development.
Losses and investment income
Catastrophe and large losses climbed to $161.8 million from $74.3 million; net investment income was $44 million.
Capital returned to shareholders
Pelagos returned $72.6 million to common shareholders, including $60.1 million of repurchases at an average $21.60 per share.
Management commentary and first-half growth
CEO Dan Burrows cited underwriting discipline, highlighting first-half gross premiums written growth to .
