Pelagos Insurance Capital Limit
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $2.50B | $2.42B | $3.60B | $1.51B | $1.19B |
| Cost of Revenue | — | — | — | — | — |
| Gross Profit | — | — | — | — | — |
| Gross Margin | — | — | — | — | — |
| Operating Expenses | |||||
| Research & Development | — | — | — | — | — |
| SG&A Expense | $96.6M | $94.3M | $82.7M | $165.5M | $130.7M |
| Operating Income | $275.6M | $136.4M | $2.05B | $80.1M | $78.7M |
| Operating Margin | 11.0% | 5.6% | 56.9% | 5.3% | 6.6% |
| Interest Expense | — | — | — | — | — |
| Pretax Income | $275.6M | $136.4M | $2.05B | $80.1M | $78.7M |
| Income Tax Expense | $50.1M | $23.1M | $-85.3M | $17.8M | $400.0K |
| Net Income | $225.5M | $113.3M | $2.13B | $52.6M | $68.3M |
| Net Margin | 9.0% | 4.7% | 59.3% | 3.5% | 5.7% |
| EPS (Basic) | $2.12 | $0.98 | $18.65 | $0.27 | $0.35 |
| EPS (Diluted) | $2.11 | $0.98 | $18.65 | $0.26 | $0.34 |
| Shares Outstanding (Basic) | 106.2M | 115.2M | 114.3M | 194.3M | 195.5M |
| Shares Outstanding (Diluted) | 106.7M | 115.6M | 114.3M | 199.3M | 200.4M |
| Dividends Per Share | $0.50 | $0.40 | $0.00 | — | — |