Fidelis Insurance Holdings Financials
This page shows Fidelis Insurance Holdings (FIHL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Fidelis Insurance Holdings's revenue grew a modest 3.3% year-over-year to $2.5B. This slow but positive growth earns a score of 39/100.
Fidelis Insurance Holdings carries a low D/E ratio of 0.35, meaning only $0.35 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
While Fidelis Insurance Holdings generated -$408.3M in operating cash flow, capex of $1.2M consumed most of it, leaving -$409.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Fidelis Insurance Holdings's ROE of 9.4% shows moderate profitability relative to equity, earning a score of 32/100. This is up from 4.6% the prior year.
Fidelis Insurance Holdings passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Fidelis Insurance Holdings generates $-1.81 in operating cash flow (-$408.3M OCF vs $225.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Fidelis Insurance Holdings generated $2.5B in revenue in fiscal year 2025. This represents an increase of 3.3% from the prior year.
Fidelis Insurance Holdings reported $225.5M in net income in fiscal year 2025. This represents an increase of 99.0% from the prior year.
Fidelis Insurance Holdings earned $2.11 per diluted share (EPS) in fiscal year 2025. This represents an increase of 115.3% from the prior year.
Cash & Balance Sheet
Fidelis Insurance Holdings generated -$409.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 166.7% from the prior year.
Fidelis Insurance Holdings held $873.0M in cash against $843.2M in long-term debt as of fiscal year 2025.
Fidelis Insurance Holdings paid $0.50 per share in dividends in fiscal year 2025. This represents an increase of 25.0% from the prior year.
Fidelis Insurance Holdings had 97M shares outstanding in fiscal year 2025. This represents a decrease of 13.5% from the prior year.
Margins & Returns
Fidelis Insurance Holdings's net profit margin was 9.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.3 percentage points from the prior year.
Fidelis Insurance Holdings's ROE was 9.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.8 percentage points from the prior year.
Capital Allocation
Fidelis Insurance Holdings spent $261.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 147.8% from the prior year.
Fidelis Insurance Holdings invested $1.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 73.9% from the prior year.
FIHL Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $600.9M-7.8% | $651.9M+10.6% | $589.3M-10.5% | $658.4M-2.3% | $673.8M-1.8% | $686.1M+27.0% | $540.1M+3.9% | $520.0M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $25.1M-7.7% | $27.2M+22.0% | $22.3M+1.4% | $22.0M-6.8% | $23.6M+4.0% | $22.7M-7.0% | $24.4M+3.4% | $23.6M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $25.1M-17.2% | $30.3M+1112.0% | $2.5M+132.1% | -$7.8M+54.9% | -$17.3M-200.0% | $17.3M+88.0% | $9.2M-33.8% | $13.9M |
| Net Income | $117.8M-9.7% | $130.5M+562.4% | $19.7M+146.4% | -$42.5M+65.2% | -$122.2M-221.5% | $100.6M+87.3% | $53.7M-33.9% | $81.2M |
| EPS (Diluted) | N/A | $1.24+588.9% | $0.18+147.4% | $-0.38 | N/A | $0.88+91.3% | $0.46-33.3% | $0.69 |
FIHL Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.4B-0.4% | $12.5B-3.9% | $13.0B+1.7% | $12.8B+8.5% | $11.8B+0.7% | $11.7B-2.0% | $11.9B+5.9% | $11.3B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $873.0M-2.2% | $892.5M-2.9% | $919.4M+25.4% | $733.4M-1.3% | $743.0M-7.9% | $806.8M+28.3% | $628.6M-6.4% | $671.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $10.0B-0.3% | $10.1B-5.6% | $10.7B+2.8% | $10.4B+11.4% | $9.3B+2.9% | $9.1B-3.7% | $9.4B+7.4% | $8.7B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $843.2M0.0% | $842.9M0.0% | $842.6M+87.6% | $449.1M0.0% | $448.9M0.0% | $448.8M0.0% | $448.6M0.0% | $448.4M |
| Total Equity | $2.4B-0.7% | $2.4B+4.0% | $2.3B-2.8% | $2.4B-2.3% | $2.4B-7.0% | $2.6B+4.0% | $2.5B+0.5% | $2.5B |
| Retained Earnings | $675.9M+17.9% | $573.3M+25.0% | $458.5M+1.9% | $449.9M-10.7% | $503.6M-20.9% | $636.9M+16.2% | $548.0M+8.3% | $506.0M |
FIHL Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $228.8M+47.4% | $155.2M+143.2% | -$359.2M+17.1% | -$433.1M-443.5% | $126.1M-60.5% | $318.9M+52.9% | $208.5M+690.7% | -$35.3M |
| Capital Expenditures | $200K-66.7% | $600K+500.0% | $100K-66.7% | $300K-57.1% | $700K-58.8% | $1.7M-10.5% | $1.9M+533.3% | $300K |
| Free Cash Flow | $228.6M+47.9% | $154.6M+143.0% | -$359.3M+17.1% | -$433.4M-445.6% | $125.4M-60.5% | $317.2M+53.5% | $206.6M+680.3% | -$35.6M |
| Investing Cash Flow | $64.5M+153.1% | -$121.4M-141.2% | $294.9M-33.7% | $444.7M+346.8% | -$180.2M-111.0% | -$85.4M+55.9% | -$193.6M-1066.3% | -$16.6M |
| Financing Cash Flow | -$133.6M-182.5% | -$47.3M-120.2% | $233.9M+804.5% | -$33.2M-196.4% | -$11.2M+85.9% | -$79.4M-70.8% | -$46.5M-176.8% | -$16.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $118.7M+272.1% | $31.9M-64.0% | $88.7M+301.4% | $22.1M | $0-100.0% | $67.9M+108.3% | $32.6M+552.0% | $5.0M |
FIHL Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 19.6%-0.4pp | 20.0%+16.7pp | 3.3%+9.8pp | -6.5%+11.7pp | -18.1%-32.8pp | 14.7%+4.7pp | 9.9%-5.7pp | 15.6% |
| Return on Equity | 4.9%-0.5pp | 5.4%+4.5pp | 0.9%+2.6pp | -1.8%+3.2pp | -5.0%-8.8pp | 3.8%+1.7pp | 2.1%-1.1pp | 3.2% |
| Return on Assets | 0.9%-0.1pp | 1.0%+0.9pp | 0.1%+0.5pp | -0.3%+0.7pp | -1.0%-1.9pp | 0.9%+0.4pp | 0.4%-0.3pp | 0.7% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.350.0 | 0.35-0.0 | 0.36+0.2 | 0.190.0 | 0.18+0.0 | 0.170.0 | 0.180.0 | 0.18 |
| FCF Margin | 38.0%+14.3pp | 23.7%+84.7pp | -61.0%+4.9pp | -65.8%-84.4pp | 18.6%-27.6pp | 46.2%+8.0pp | 38.3%+45.1pp | -6.9% |
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Frequently Asked Questions
What is Fidelis Insurance Holdings's annual revenue?
Fidelis Insurance Holdings (FIHL) reported $2.5B in total revenue for fiscal year 2025. This represents a 3.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Fidelis Insurance Holdings's revenue growing?
Fidelis Insurance Holdings (FIHL) revenue grew by 3.3% year-over-year, from $2.4B to $2.5B in fiscal year 2025.
Is Fidelis Insurance Holdings profitable?
Yes, Fidelis Insurance Holdings (FIHL) reported a net income of $225.5M in fiscal year 2025, with a net profit margin of 9.0%.
How much debt does Fidelis Insurance Holdings have?
As of fiscal year 2025, Fidelis Insurance Holdings (FIHL) had $873.0M in cash and equivalents against $843.2M in long-term debt.
What is Fidelis Insurance Holdings's net profit margin?
Fidelis Insurance Holdings (FIHL) had a net profit margin of 9.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Fidelis Insurance Holdings pay dividends?
Yes, Fidelis Insurance Holdings (FIHL) paid $0.50 per share in dividends during fiscal year 2025.
What is Fidelis Insurance Holdings's return on equity (ROE)?
Fidelis Insurance Holdings (FIHL) has a return on equity of 9.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Fidelis Insurance Holdings's free cash flow?
Fidelis Insurance Holdings (FIHL) generated -$409.5M in free cash flow during fiscal year 2025. This represents a -166.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Fidelis Insurance Holdings's operating cash flow?
Fidelis Insurance Holdings (FIHL) generated -$408.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Fidelis Insurance Holdings's total assets?
Fidelis Insurance Holdings (FIHL) had $12.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Fidelis Insurance Holdings's capital expenditures?
Fidelis Insurance Holdings (FIHL) invested $1.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Fidelis Insurance Holdings's debt-to-equity ratio?
Fidelis Insurance Holdings (FIHL) had a debt-to-equity ratio of 0.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Fidelis Insurance Holdings's return on assets (ROA)?
Fidelis Insurance Holdings (FIHL) had a return on assets of 1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Fidelis Insurance Holdings's cash runway?
Based on fiscal year 2025 data, Fidelis Insurance Holdings (FIHL) had $873.0M in cash against an annual operating cash burn of $408.3M. This gives an estimated cash runway of approximately 26 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Fidelis Insurance Holdings's Piotroski F-Score?
Fidelis Insurance Holdings (FIHL) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Fidelis Insurance Holdings's earnings high quality?
Fidelis Insurance Holdings (FIHL) has an earnings quality ratio of -1.81x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Fidelis Insurance Holdings?
Fidelis Insurance Holdings (FIHL) scores 41 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.