Pelagos Insurance Capital Ltd key statistics and ratios

In fiscal 2025, Pelagos Insurance Capital Ltd had return on equity of 9.3%, a net margin of 9.0% and debt equal to 35.6% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Pelagos Insurance Capital Ltd: financial ratios, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Net margin	5.7%	3.5%	59.3%	4.7%	9.0%
Free-cash-flow margin	28.3%	47.9%	13.6%	25.4%	−16.4%
Return on equity	3.4%	2.6%	96.3%	4.6%	9.3%
Return on assets	—	0.6%	23.3%	1.0%	1.9%
Asset turnover	—	0.18	0.39	0.22	0.21
Debt to equity	0.0%	23.0%	18.6%	18.6%	35.6%
Effective tax rate	0.5%	22.2%	−4.2%	16.9%	18.2%
Capital spending as % of revenue	0.6%	1.2%	0.2%	0.2%	0.0%
Free cash flow ÷ net income	495.9%	>999%	22.9%	541.6%	−181.6%
Dividends ÷ net income	3.1%	1.0%	0.0%	40.8%	23.2%
Dividends and buybacks ÷ free cash flow	95.4%	0.1%	0.0%	24.7%	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Pelagos Insurance Capital Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Pelagos Insurance Capital Ltd.