Pelagos Insurance Capital Limit (PLGO) — Fundamental Analysis & Key Financial Ratios

Kaplio overview: Pelagos Insurance Capital Limit

Market cap $2B · 52 weeks $20 – $26 (2 % below the high) · P/E 6.3× · 2027 expected P/E 6.5× · Dividend 2.3 % · Next earnings November 11, 2026 · expected EPS $0.72 · Closing price, Oct 28 · accounts published Aug 12.

• Valuation: P/B 1.0× (justified).
• Business: 5-year op. margin 18.4 % (excellent).
• Balance sheet: Debt/Equity 0.32 (watch).
• Earnings: 6 of 8 (on track).

What would it be worth at its usual multiples?

At a P/B justified by its ROE del 17,3 % (2.0×) $52 (+104 %); at its peers' median (1.0×) $26 (+1 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

What matters in insurance: 2 of 4 pass

• Dividend growth streak 2 años, fails.
• Debt / Equity 0.32, borderline.
• Op Margin 5y (Combined Ratio proxy) 18.4 %, passes.
• P/B (Price / Book) 1.0×, passes.

Against its peers (same industry, similar size) — Pelagos Insurance Capital Limit: P/E 6.3×; P/B 1.0×; ROE 17.2 %; $2.1B. Genworth Financial, Inc. (P/E 16.6×; P/B 0.4×; ROE 2.4 %; $3.4B), White Mountains Insurance Group, Ltd. (P/E 5.0×; P/B 1.0×; ROE 21.3 %; $5.3B), AXIS Capital Holdings Limited (P/E 6.5×; P/B 1.2×; ROE 15.8 %; $7.4B).

Expensive or cheap against its last ten fiscal years?

Precio / valor contable at each close: today 1.0× · median 0.9× · minimum 0.9× · maximum 1.2× · cheap below 0.9× · expensive above 1.2×. It has been cheaper than today 60% of the time over its last ten fiscal years.

Dividend

tight (only raised recently) · Yield 2.3 % ($0.49 per ADS in 2025) · Years raising it 1 · Free cash flow coverage payout 23 % · With $1,000 invested today you'd collect $23.40 a year ($1.95 a month).