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Pelagos Insurance PLGO

US equityMarket cap rank #2767
$24.53 +$0.28 (+1.15%)
Pre-market · Oct 6, 6:00 am ET · After hours $24.53 0.00%
Open$24.28
Prev close$24.25
Day range$24.28 – $24.66
Volume457.0K
Market cap$2.03B
P/E (TTM)6.1
Dividend yield2.45%

Fundamentals

Latest reported quarter: ANNUAL, ended Dec 2025

Revenue$2.17B+2.9% YoY
Net profit$225.50M+99.0% YoY
Diluted EPS$2.11+115.3% YoY
Free cash flow$273.60M+163.1% YoY
Operating cash flow$274.00M

Free cash flow by quarter

$80.1MMar '22$261.4MJun '22$-102.6MMar '23$249.3MJun '23$-433.4MMar '25$273.6MMar '26

Annual revenue

$782.6MFY20$1.2BFY21$1.5BFY22$3.4BFY23$2.1BFY24$2.2BFY25

Profitability & balance sheet

Net margin10.4%

Cash flow

Line item 2026 Q1 2025 Q1 2023 Q2 2023 Q1 2022 Q2
Free Cash Flow $273.60M -$433.40M $249.30M -$102.60M $261.40M
-Change in Unearned Premiums $930.20M $724.00M $263.20M $641.70M $224.80M
-Change in Payables and Accrued Expense $356.40M $320.90M $86.00M $376.50M $151.30M
-Change in Accrued Investment Income $4.80M $9.00M -$4.90M -$2.40M -$900,000.00
-Change in Deferred Acquisition Costs -$287.10M -$215.70M -$115.40M -$217.80M -$78.30M
-Change in Loss and Loss Adjustment Expense Reserves $149.00M -$43.80M $16.90M $162.50M $86.20M
-Change in Receivables -$778.10M -$860.80M -$139.90M -$681.20M -$14.10M
Change in Working Capital $163.60M -$363.90M $168.60M -$155.20M $238.80M
Deferred Tax $2.60M -$16.30M – – –
Gain/Loss from Continuing Operations $1.60M -$5.90M -$1.30M -$1.71B $5.90M
Net Income from Continuing Operations $108.00M -$42.50M $83.90M $1.73B $11.00M
Net cash flow from continuing operations $274.00M -$433.10M $250.20M -$101.70M $270.00M
Operating Cash Flow $274.00M -$433.10M $250.20M -$101.70M $270.00M
-Change in Other Current Assets $105.10M -$4.30M $91.30M -$73.30M -$124.60M
-Change in Other Current Liabilities $2.80M $7.90M $53.40M $6.80M $102.10M
-Change in Other Working Capital -$319.50M -$301.10M -$82.00M -$368.00M -$107.70M
Effect of Exchange Rate Changes -$900,000.00 $2.70M $1.30M $700,000.00 -$4.10M
Beginning Cash Balance $1.25B $946.60M $711.40M $1.41B $752.10M
Net Change in Cash -$184.80M -$21.60M $209.50M -$697.20M -$211.60M
Ending Cash Balance $1.06B $927.70M $922.20M $711.40M $536.40M
Net Other Financing Charges -$1.40M – $0.00 -$196.30M $0.00
Cash Dividends Paid -$13.30M -$11.10M – – –
Net Common Stock Issuance -$219.40M -$22.10M – – –
Net Cash Flow from Continuing Financing Activities -$234.10M -$33.20M $0.00 -$196.30M $0.00
Financing Cash Flow -$234.10M -$33.20M $0.00 -$196.30M $0.00
Net Investment Purchase and Sale -$224.30M $445.00M -$39.80M -$398.30M -$473.00M
Net PPE Purchase and Sale -$400,000.00 -$300,000.00 -$900,000.00 -$900,000.00 -$8.60M
Net Cash Flow from Continuing Investing Activities -$224.70M $444.70M -$40.70M -$399.20M -$481.60M
Net cash flow from investing -$224.70M $444.70M -$40.70M -$399.20M -$481.60M

Income statement

Line item 2025 ANNUAL 2024 ANNUAL 2023 ANNUAL 2022 ANNUAL 2021 ANNUAL
Tax $50.10M $23.10M -$85.30M $17.80M $400,000.00
Pretax Profit $275.60M $136.40M $2.05B $80.10M $78.70M
Other Operating Expenses $1.20M $1.60M $4.10M $20.50M $2.70M
-Interest Expense Non-Operating $47.70M $33.80M $35.50M $35.50M $35.40M
Net Non-Operating Interest Income (Expense) -$47.70M -$33.80M -$35.50M -$35.50M -$35.40M
Net Profit $225.50M $113.30M $2.13B $62.30M $78.30M
Profit from Continuing Operations $225.50M $113.30M $2.13B $62.30M $78.30M
Net Income to Parent Company $225.50M $113.30M $2.13B $52.60M $68.30M
Net Income to Common Stockholders $225.50M $113.30M $2.13B $52.60M $68.30M
Diluted EPS $2.11 $0.98 $18.65 $0.26 $0.34
Dividend Per Share $0.50 $0.40 – – –
Selling and Admin Expenses $96.60M $94.30M $82.70M $165.50M $130.70M
Basic EPS $2.12 $0.98 $18.65 $0.27 $0.35
-General & Admin Expense $96.60M $94.30M $82.70M $165.50M $130.70M
Policy Acquisition Expense $661.30M $688.60M $498.50M $384.40M $250.10M
Total Revenue as Reported $2.50B $2.42B $3.60B $1.51B $1.19B
Total Operating Revenue $2.17B $2.11B $3.37B $1.52B $1.19B
Total Premiums Earned $2.29B $2.26B $1.83B $1.50B $1.16B
-Net Premiums Written $3.01B $2.39B $2.14B $1.86B $1.61B
Fee Revenue and Other Income -$328.80M -$311.10M $1.41B $1.90M $1.00M
-Fees and Commissions -$328.80M -$311.10M -$225.30M – –
Net Investment Income -$3.30M -$9.90M -$4.20M -$62.10M $10.40M
Net Realized Gain/Loss on Investments $17.50M -$24.00M $5.10M $25.10M -$300,000.00
Interest Income $192.60M $195.80M $123.50M $44.00M $24.00M
Total Expenses $1.90B $1.97B $1.32B $1.44B $1.12B
Loss Adjustment Expense $1.09B $1.16B $698.80M $830.20M $696.80M
Net Foreign Exchange Gain/Loss $500,000.00 $1.60M -$4.10M $6.80M -$400,000.00
-Increase Decrease in Net Unearned Premium Reserves -$714.90M -$136.50M -$304.00M -$357.90M -$446.90M
-Other Income Expense – – $1.64B $1.90M $1.00M
Minority Interests – – – $9.70M $10.00M

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