PELAGOS INSURANCE CAPITAL UNDERWRITING LIMITED
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Cash
—
Latest balance sheet
Net assets
£799M
USD 1,067,600,000
+6.3% vs 2024
Employees
—
Average over period
Profit before tax
£165M
USD 221,000,000
+45.6% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Gross written premiums | £1,699,880,222 | £1,747,641,863 | +2.8% | |
| Net earned premiums | £502,994,460 | £478,514,748 | -4.9% | |
| Claims incurred | £187,453,212 | £142,536,308 | -24% | |
| Investment return | £36,307,831 | £62,883,665 | +73.2% | |
| Profit before tax | £113,639,766 | £165,443,929 | +45.6% | |
| Net profit | £86,165,594 | £121,874,532 | +41.4% | |
| Insurance contract liabilities | £2,472,974,996 | £2,622,698,009 | +6.1% | |
| Total assets | £4,234,541,099 | £4,507,036,982 | +6.4% | |
| Total liabilities | £3,482,332,685 | £3,707,815,541 | +6.5% | |
| Equity | £752,208,414 | £799,221,440 | +6.3% | |
| Average employees | — | — | — |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 82.2% | 82.3% |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- PELAGOS INSURANCE CAPITAL UNDERWRITING LIMITED 2015-12-14 → present
- FIDELIS NEWCO LIMITED 2015-08-28 → 2015-12-14
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Whilst there are severe scenarios that could lead to a breach of regulatory capital, the process does not give rise to any material uncertainties over the ability of the Company to continue as a going concern.”
Significant events
- “On 3 March 2026 the Board approved the payment of an interim dividend of $100.0 million in Q1 2026. On 25 February 2026, FIHL announced that it intends to change its name to Pelagos Insurance Capital Limited and is expected to begin trading on the New York Stock Exchange under the new ticker symbol (NYSE: PLGO) in May 2026, subject to all necessary regulatory and legal approvals. The intention is for Fidelis Underwriting Limited to change its name to Pelagos Insurance Capital Underwriting Limited, subject to obtaining all necessary regulatory and legal approvals and the FCA's formal non-objection in advance of the name change taking effect.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MULLIGAN, Laura | Secretary | 2025-11-21 | — | — |
| HOUSTON, Ian Thomas | Director | 2023-12-05 | Sep 1963 | British |
| KITTINGER, Jason Allen | Director | 2025-11-21 | Jun 1979 | American |
| MCKENNA, Heather Kirsty | Director | 2023-01-01 | Sep 1977 | British |
| MCTEAGUE, Karina Trudy | Director | 2024-08-13 | May 1962 | British |
| STEPHEN, Thomas Mark | Director | 2024-09-24 | Jun 1957 | British |
| TRIPP, Michael Howard | Director | 2016-10-24 | May 1955 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ESPLEY, Lucy Victoria | Secretary | 2018-01-01 | 2018-09-19 |
| MOLONEY, Man Wah Erie | Secretary | 2021-04-01 | 2023-01-03 |
| ROUFCA, Patricia | Secretary | 2018-09-19 | 2021-04-01 |
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2015-08-28 | 2017-12-31 |
| BROWN-BRANCH, Denise Nashea | Director | 2022-11-18 | 2025-11-21 |
| BURFORD, Ian | Director | 2019-12-12 | 2021-04-12 |
| BURROWS, Daniel David | Director | 2015-08-28 | 2021-08-12 |
| COLLINS, Adrian John Reginald | Director | 2015-08-28 | 2021-03-05 |
| DAWE, Grahame Trevethan | Director | 2021-04-29 | 2023-01-01 |
| HAWKINS, Christopher Alan | Director | 2015-08-28 | 2021-03-12 |
| INGHAM, Sharon Julia | Director | 2015-08-28 | 2020-08-28 |
| JEANMART, Laurent G | Director | 2016-11-08 | 2018-02-07 |
| JENKIN, Elizabeth Anne | Director | 2021-07-12 | 2023-10-08 |
| MCAULEY, Brighd Siobhan | Director | 2022-12-15 | 2025-05-21 |
| PEARSON, Michael Justin | Director | 2015-08-28 | 2022-12-15 |
| ROUFCA, Patricia | Director | 2021-08-13 | 2022-11-18 |
| RUSSELL, Edward Garrett | Director | 2015-08-28 | 2016-05-04 |
| VACHER, Kathryn Ruth Louise, Ms. | Director | 2021-06-10 | 2021-08-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Fidelis Insurance Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-07-03 | Active |
Filing timeline
Last 20 of 99 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-26 | AA | accounts | Accounts with accounts type full | |
| 2025-12-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-26 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-11-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-18 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-18 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-03 | CH01 | officers | Change person director company with change date | |
| 2025-05-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-16 | AA | accounts | Accounts with accounts type full | |
| 2024-12-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-18 | AA | accounts | Accounts with accounts type full | |
| 2023-12-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-07 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.