Added to YB: 2025-02-18
Pitch date: 2025-02-14
FIHL [neutral]
Pelagos Insurance Capital Limited
+47.74%
current return
Author Info
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Company Info
Pelagos Insurance Capital Limited provides insurance and reinsurance solutions in Bermuda, the Republic of Ireland, and the United Kingdom.
Market Cap
$1.7B
Pitch Price
$15.61
Price Target
19.00 (-18%)
Dividend
2.96%
EV/EBITDA
3.48
P/E
5.52
EV/Sales
0.68
Sector
Insurance
Category
growth
Show full summary:
FIHL a cheap specialty insurer trading at 0.7x book
FIHL (pass): Specialty P&C insurer at 0.7x BV, 4-5x 2025E earnings. 36.8% GWP CAGR, 86% avg CR since 2017. Strong reinsurance growth (56% Q3). Risks: declining CAT rates, low insider ownership. $200M buyback, 2.42% dividend yield. Potential 5-10% BV growth, re-rate to 1x BV. Pass due to CAT exposure, lack of alignment.
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