Pelagos Insurance Capital Limited · NYSE:PLGO
Pelagos Insurance Capital — Q2 2026 Earnings Presentation
14 slides from Pelagos Insurance Capital's earnings presentation, Aug 13, 2026
Slide 1: Q2 2026 Earnings Presentation
Q2 2026 Earnings Presentation
Slide 2: Basis of Presentation
Basis of Presentation Cautionary Note Regarding Forward-Looking Statements This presentation contains “forward-looking statements” which include all statements that do not relate solely to historical or current facts and which may concern our strategy, plans, targets, projections or intentions and a
Slide 3: Pelagos Insurance Capital: At a Glance
Pelagos Insurance Capital: At a Glance A strategic capital allocator and expert risk selector in specialty insurance and reinsurance, committed to long-term partnerships. Highlights Gross Premiums Written(1) Retro & Whole Account INSURANCE 1% REINSURANCE $2.2 bn $14.0 bn $3,937m (80%) $976m (20%) Sh
Slide 4: 2026 Second Quarter Key Takeaways
2026 Second Quarter Key Takeaways Gross Premiums Written • Disciplined execution and capital allocation continue to drive $ in billions CAGR: +15% shareholder value, with book value per diluted common share increasing $4.7 $4.9 $4.4 23% from the second quarter of 2025, including dividends, to $26.56
Slide 5: 2026 Second Quarter Highlights
2026 Second Quarter Highlights Q2 2025 QTD Q2 2026 QTD Key Quarterly Highlights Gross Premiums Written $1,219M $1,297M • Gross premiums written growth of $78 million or 6% from the second quarter of 2025, driven by growth from our network of expanded Net Premiums Earned $538M $581M underwriting part
Slide 6: 2026 Year-to-Date Highlights
2026 Year-to-Date Highlights Q2 2025 YTD Q2 2026 YTD Key Year-to-Date Highlights Gross Premiums Written $2,942M $3,137M • Gross premiums written growth of $195 million or 7% compared to the first half of 2025. This growth from our network of expanded underwriting partners and Net Premiums Earned $1,
Slide 7: Insurance
Insurance Gross Premiums Written Underwriting Ratio(1) $ in millions $3,756 $3,539 89.7% 89.6% $2,960 81.9% 80.8% 77.3% 70.0% 30.6% $2,413 $2,350 31.8% $2,169 26.3% 29.4% 29.4% 27.2% 51.0% 57.9% 52.5% 59.0% 51.4% 42.8% 2022 2023 2024 2025 Q2 2025 YTD Q2 2026 YTD 2022 2023 2024 2025 Q2 2025 YTD Q2 20
Slide 8: Reinsurance
Reinsurance Gross Premiums Written Underwriting Ratio(1) $ in millions 113.1% 97.4% 23.4% $961 $865 22.4% $773 $788 $605 $619 50.0% 36.5% 38.9% 89.7% 75.0% 26.3% 18.9% 27.2% 23.6% 23.7% 29.4% 9.3% 15.3% (10.5)% 2022 2023 2024 2025 Q2 2025 YTD Q2 2026 YTD 2022 (2) 2023 2024 2025 Q2 2025 YTD Q2 2026 Y
Slide 9: High Quality and Diversified Investment Portfolio
High Quality and Diversified Investment Portfolio Asset Allocation Net Investment Income & Realized and Unrealized Gains on Other Investments(1) As of June 30, 2026 10% 6% $99.8 $114.6 Agency MBS Fixed Income 8% $70.4 6% Funds Hedge Funds $49.2 $50.6 $46.5 $44.2 Other ABS <1% Private Credit Funds 16
Slide 10: Strong Capital Position and Disciplined Approach to Capital Allocation
Strong Capital Position and Disciplined Approach to Capital Allocation Capital Strength and Balance Sheet Scale Capital Management Inception to Date Capital Management Highlights As of June 30, 2026 ($ in millions) As of June 30, 2026 ($ in millions) • Committed to a strategic and disciplined approa
Slide 11: Why Invest in Pelagos Insurance Capital
Why Invest in Pelagos Insurance Capital Expert capital allocator and risk selector with a leading diversified specialty insurance and reinsurance portfolio Expanding network of experienced long-term underwriting partners provides differentiated access points to attractive risks which best fit our st
Slide 12: Appendix
Appendix CAPITAL
Slide 13: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation This Presentation includes certain financial measures that are not calculated in accordance with generally accepted accounting principles in the U.S. (“U.S. GAAP”) including operating net income, operating EPS, operating return on average common equity, and
Slide 14: Contact
W: pelagosinsurancecapital.com T: +1 441 279 2590 Wellesley House South 4th Floor, 90 Pitts Bay Road, Pembroke HM 08 Bermuda
Pelagos Insurance Capital Limited Common Shares — Q2 2026 Earnings Presentation on 6ix