Pelagos Insurance Capital Limited
PLGO Financial Insurance Diversified
Pelagos Insurance Capital Limited’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 3.33% from fiscal 2024. In the quarter to June 2026, revenue grew 10.3%, EPS grew 194.4%, free cash flow grew 92.6% and total debt fell 14.5%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
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Pelagos Insurance Capital Limited (PLGO) Piotroski F-score
Pelagos Insurance Capital Limited's Piotroski F-score for fiscal 2025 is 5 out of 9: 5 of nine tests of profitability, leverage and efficiency passed, up from 4 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 5 | 1.00 |
| FY2024 | 4 | (3.00) |
| FY2023 | 7 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 1.86% | 1.04% | Pass | 1 |
| Positive operating cash flow | (408.30m) | 618.20m | Fail | 0 |
| Rising return on assets | 1.86% | 1.04% | Pass | 1 |
| Cash flow above net income | (633.80m) | 504.90m | Fail | 0 |
| Falling long-term leverage | 0.07 | 0.04 | Fail | 0 |
| Rising current ratio | 0.74 | 0.65 | Pass | 1 |
| No new shares issued | 106,159,000 | 115,218,000 | Pass | 1 |
| Rising gross margin | 16.82% | 10.93% | Pass | 1 |
| Rising asset turnover | 0.21 | 0.22 | Fail | 0 |
| Piotroski F-score | Mixed | 5 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| HIG The Hartford Insurance Group, Inc. compare | 8 |
| AIG American International Group, Inc. compare | 7 |
| AEG Aegon NV compare | 6 |
| ACGL Arch Capital Group Ltd. compare | 6 |
| BNT Brookfield Wealth Solutions Ltd. compare | 5 |
| PLGO Pelagos Insurance Capital Limited | 5 |
| IGIC International General Insurance Holdings Ltd. compare | 5 |
| WDH Waterdrop Inc. Unsponsored ADR compare | 5 |
| XZO Exzeo Group, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover