Pelagos Insurance Capital (PLGO) Operating Expenses (2022 - 2026)
Pelagos Insurance Capital (PLGO) recorded Operating Expenses of $597.1 million in Q2 2026, up 5.3% from $567.1 million a year earlier and up 17.7% from the prior quarter.
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Analysis
Pelagos Insurance Capital (PLGO) Operating Expenses (2022 - 2026) Analysis & Trends
On a TTM basis, Pelagos Insurance Capital's Operating Expenses came in at $2.05 billion as of Jun 30, 2026, down 22.7% year-over-year; for FY2025, it came in at $2.22 billion, down 2.6% from FY2024.
- Annual Operating Expenses has a four-year compound annual growth rate of 18.8% (FY2021 to FY2025).
- Across earlier years, Operating Expenses came in at $2.28 billion in FY2024 (+47.4%), $1.55 billion in FY2023 (+8.4%), $1.43 billion in FY2022 (+28.1%) and $1.12 billion in FY2021.
- The Q2 2026 figure is the highest quarterly Operating Expenses since Q1 2025.
- On a year-over-year basis, Operating Expenses rose in five of the last eight quarters, with growth averaging 15.5%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 90.1% in Q4 2024, against a decline of 43.7% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $507.5 million (Q1 2026), $458 million (Q4 2025) and $491.1 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,082.55 Bn | -334.93 Bn | 55.86 Bn | 86.07 Bn |
| 2 | Chubb | 128.03 Bn | 80.09 Bn | 9.13 Bn | 12.19 Bn |
| 3 | Progressive | 122.38 Bn | 98.22 Bn | 9.04 Bn | 19.40 Bn |
| 4 | Marsh & Mclennan Companies | 81.46 Bn | 73.20 Bn | - | 5.51 Bn |
| 5 | Travelers Companies | 75.77 Bn | 52.02 Bn | 6.23 Bn | 9.39 Bn |
| 6 | Manulife Financial | 73.91 Bn | 75.11 Bn | - | -902.21 Mn |
| 7 | Metlife | 60.71 Bn | -45.77 Bn | 7.82 Bn | 18.12 Bn |
| 8 | Aon | 58.53 Bn | 51.77 Bn | - | 3.33 Bn |
| 9 | Arthur J. Gallagher | 58.38 Bn | 52.82 Bn | - | 3.59 Bn |
| 10 | Pelagos Insurance Capital | 2.31 Bn | -797.16 Mn | - | 597.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 597.10 Mn |
| Mar 31, 2026 | 507.50 Mn |
| Dec 31, 2025 | 458.00 Mn |
| Sep 30, 2025 | 491.10 Mn |
| Jun 30, 2025 | 567.10 Mn |
| Mar 31, 2025 | 708.70 Mn |
| Dec 31, 2024 | 813.30 Mn |
| Sep 30, 2024 | 568.20 Mn |
| Jun 30, 2024 | 477.20 Mn |
| Mar 31, 2024 | 424.90 Mn |
| Dec 31, 2023 | 427.90 Mn |
| Sep 30, 2023 | 441.90 Mn |
| Jun 30, 2023 | 362.20 Mn |
| Mar 31, 2023 | 317.00 Mn |
| Dec 31, 2022 | 294.20 Mn |
| Sep 30, 2022 | 528.00 Mn |
| Jun 30, 2022 | 313.90 Mn |
API Access
Pelagos Insurance Capital Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=PLGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "PLGO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=PLGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();