Pelagos Insurance Capital Q3FY26 Results: Adj EPS $1.00 vs $0.69 Est

Pelagos Insurance Capital reported strong Q3FY26 results, with adjusted EPS of $1.00 significantly exceeding the analyst estimate of $0.688 and revenue of $800.9 million surpassing the estimated $512.1 million. The company experienced a 5.3% year-over-year increase in gross premiums written, reaching $839.8 million, though its combined ratio worsened to 91.5% from 79.0% in Q3 2025. Pelagos also returned $95.2 million in capital to shareholders through share repurchases and dividends and announced an increase in its quarterly dividend to $0.22 per share.