Pelagos Insurance Capital (PLGO) Operating Expenses (2022 - 2026)

Pelagos Insurance Capital (PLGO) reported Operating Expenses of $507.5 million for Q1 2026, down 28.39% on a YoY basis from $708.7 million in Q1 2025, and up 10.81% quarter-over-quarter from $458.0 million in Q4 2025.

Pelagos Insurance Capital (PLGO) Operating Expenses (2022 - 2026) Analysis & Trends

Pelagos Insurance Capital has reported Operating Expenses for 5 years, with the latest figure at $507.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 28.39% year-over-year to $507.5 million; the trailing twelve-month figure through Mar 2026 stood at $2.0 billion (down 21.18% YoY), and the FY2025 full-year result was $2.2 billion, down 2.57% from the prior year.
  • Operating Expenses for Q1 2026 stood at $507.5 million, up from $458.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $813.3 million in Q4 2024, with the low at $294.2 million in Q4 2022.
  • Historically, Operating Expenses has averaged $481.3 million across 5 years, with a median of $467.6 million in 2024.
  • Annual changes were most pronounced in 2024 — Operating Expenses jumped 90.07% — and 2025, when it plunged 43.69%.
  • Pelagos Insurance Capital's Operating Expenses stood at $294.2 million in 2022, then jumped by 45.45% to $427.9 million in 2023, then jumped by 90.07% to $813.3 million in 2024, then sank by 43.69% to $458.0 million in 2025, then rose by 10.81% to $507.5 million in 2026.
  • The last three Operating Expenses figures came in at $507.5 million (Q1 2026), $458.0 million (Q4 2025), and $491.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 American International 40.67 Bn 1.84 Bn 2.60 Bn 5.66 Bn
2 Hartford Insurance 35.76 Bn 26.70 Bn 2.15 Bn 6.17 Bn
3 Arch Capital 32.37 Bn 31.45 Bn 4.02 Bn 3.41 Bn
4 Brookfield Wealth Solutions 10.12 Bn -3.04 Bn 4.62 Bn -384.00 Mn
5 FIHL 2.04 Bn 2.04 Bn - -
6 International General Insurance Holdings 1.03 Bn 811.79 Mn 111.10 Mn -25.60 Mn
7 Waterdrop 718.73 Mn 647.38 Mn 129.34 Mn -189.81 Mn
8 Sun Life Financial 46.86 Mn -8.02 Bn - -
9 Exzeo 1.18 Mn -230.21 Mn 32.74 Mn 7.67 Mn
10 Pelagos Insurance Capital - - 386.80 Mn 507.50 Mn

Historic Data

Download Data
DateValue
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