Pelagos Insurance Crushes Q1 2026 Earnings

Pelagos Insurance, PLGO, surpassed Wall Street expectations with Q1 2026 earnings, despite challenges. Revenue: $610.6M (-7.3% YoY but +4.7% vs. estimates), EPS: $1.15 (+14.4% vs. estimates), Net Premiums Earned: $568.5M (+5.2% vs. estimates). Combined ratio: 86.6% (better than expected), Gross Premiums Written: +6.8%, Annualized ROE: 15.2%. Stock jumped 3.1% to $20.91. Pelagos, founded in Bermuda in 2014, has a book value per share of $26.22, up 21% YoY. Book value growth slowed to 10.7% annually over two years, but analysts predict 12.9% growth to $25.73. Revenue growth averaged 9% the last two years. The quarter indicates strength in core operations amid market shifts, with investors watching for premiums and efficiency improvements. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/46f9797249f7adb3