Pelagos combined ratio worsens to 91.5% as GPW grows 5.3% in Q3
Pelagos Insurance Capital reported a Q3 earnings beat despite its combined ratio worsening by 12.5 percentage points to 91.5%. Gross premiums written grew 5.3% to $839.8 million, while operating net income decreased to $83.3 million. The company's CEO, Dan Burrows, highlighted a 15.3% annualized operating ROAE, attributing it to a strong capital allocator strategy and adaptability to changing market conditions.
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