How Pelagos Insurance Capital makes money

Period

FY2025

How does Pelagos Insurance Capital make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Pelagos Insurance Capital Limited · FY2025 · year ended 2025-12-31

Revenue$2.5BGross profit$2.5B · 100%Cost of revenue$0 · 0%Operating income$2.4B · 96%Operating expenses$97M · 4%SG&A$97M · 4%Pre-tax income$276M · 11%Other expense$2.1B · 85%Net income$226M · 9%Income tax$50M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.