Pelagos Increases Dividend To $0.22 Per Share
Pelagos Insurance Capital has announced a $400 million share repurchase authorization and an increase in its quarterly common share dividend to $0.22 per share.
A spokesperson said, “Pelagos Insurance Capital Limited, an expert capital allocator and risk selector in specialty insurance and reinsurance, announced today an expansion of its capital management initiatives. The Company’s Board of Directors has approved the replenishment of its common share repurchase authorization, bringing the total current authorization to $400.0 million, and an increase in the quarterly common share dividend to $0.22 per share. The Board declared the dividend payable on December 23, 2026, to common shareholders of record on December 11, 2026.”
Dan Burrows, Group Chief Executive Officer of Pelagos Insurance Capital, commented, “As a strategic capital allocator, we are continually assessing how best to deploy our capital to create long-term shareholder value across accretive underwriting, outwards reinsurance, and returns to shareholders. Today’s actions reflect the strength of our balance sheet and our ability to increase capital returns while continuing to pursue profitable growth opportunities. We remain on track to deliver mid-single-digit top line growth in 2026, supported by our expanding network of underwriting partners, as we continue to return value to shareholders through dividends and accretive share repurchases.”
The Company’s Board of Directors has approved and declared a dividend of $0.22 per share, payable on December 23, 2026, to common shareholders of record on December 11, 2026.
