Fidelis Insurance Holdings Stock Price, News & Analysis

Fidelis Insurance Holdings (NYSE:FIHL), a global specialty insurer, has scheduled its first quarter 2025 financial results conference call. The company will release its Q1 2025 results on May 14, 2025, after market close.

The investor teleconference will be held on May 15, 2025, at 9:00 a.m. ET, featuring Group CEO Dan Burrows, Group CFO Allan Decleir, and Group Managing Director Jonny Strickle. The call will include a Q&A session and can be accessed via phone (U.S.: 1-646-564-2877, International: 1-800-549-8228, passcode: 50436) or through a live webcast on the company's investor relations website.

Fidelis Insurance Holdings (NYSE: FIHL) reported mixed results for Q4 and full-year 2024. While annual gross premiums grew 23% to $4.4 billion, the company faced significant challenges in Q4 with a net loss of $122.2 million.

Full-year 2024 highlights include:

• Net income of $113.3 million ($0.98 per diluted share)
• Combined ratio of 99.7%
• Operating ROAE of 5.6%
• Book value per share increased 5.3% to $21.79
• Returned $151.7 million to shareholders through dividends and buybacks

Q4 2024 was particularly challenging with:

• Combined ratio of 128.0%
• Catastrophe and large losses of $133.2 million
• Net adverse prior year loss reserve development of $270.3 million
• Net investment income improved to $51.4 million

Fidelis Insurance Holdings (NYSE: FIHL), a global specialty insurer, has announced a quarterly dividend payment. The company's Board of Directors has approved and declared a dividend of $0.10 per share. The dividend will be paid on March 27, 2025, to common shareholders who are on record as of March 12, 2025.

Fidelis Insurance Holdings (NYSE:FIHL) reported significant updates ahead of Q4 2024 earnings. The company incurred $287.2 million in net adverse prior year development in its Aviation and Aerospace business, related to 2021-2022 underwriting years impacted by Russia-Ukraine aviation litigation. Approximately two-thirds of total lessor policy claims are either settled or in settlement discussions.

For FY2024, Fidelis anticipates net income of $100-120 million and operating net income of $120-140 million. Additionally, the company estimates catastrophe losses of $160-190 million from January 2025 California wildfires, based on industry loss estimates of $40-50 billion.

The company will report Q4 and FY2024 results on February 25, 2025, introducing a new reporting structure with two operating segments: Insurance and Reinsurance.

Fidelis Insurance Holdings (NYSE:FIHL) has announced it will release its financial results for the fourth quarter ended December 31, 2024 on February 25, 2025, after market close. The results will be accessible through the company's investor relations website.

The company will host an investor teleconference on February 26, 2025, at 9:00 a.m. ET. Group CEO Dan Burrows and CFO Allan Decleir will discuss Q4 results and related matters, including a Q&A session. Investors can join via phone (U.S.: 1-800-549-8228, International: 1-289-819-1520, passcode: 78502) or access a live webcast through the company's investor website.

Fidelis Insurance Holdings (NYSE:FIHL) has successfully closed a new catastrophe bond through its Herbie Re program, securing $375 million in collateralized reinsurance protection. The Series 2024-2 Notes, comprising Class A, B, and C Notes, will protect against Named Storm and Earthquake events in the US states, DC, Puerto Rico, and US Virgin Islands.

The Class A and B Notes provide protection until December 31, 2028 (four years), while Class C Notes extend until December 31, 2026 (two years). This marks the sixth series of notes issued by Herbie Re, enhancing Fidelis's overall reinsurance strategy which includes quota share, excess of loss, and industry loss warranties (ILWs).

Fidelis Insurance Holdings reported strong Q3 2024 results with gross premiums written of $741.9 million, up 25.2% year-over-year. The company achieved a combined ratio of 87.4% and net income of $100.6 million ($0.88 per diluted share). Key highlights include operating net income of $105.1 million and annualized operating ROE of 16.8%. For the nine months ended September 30, 2024, gross premiums written reached $3.4 billion, growing 23.4%, with net income of $235.5 million. The company repurchased 4.3 million shares for $66.8 million in Q3 and maintained strong capital management with book value per diluted share increasing 13.2% to $23.43.

Fidelis Insurance Holdings (NYSE:FIHL), a global specialty insurer, has announced a quarterly dividend payment of $0.10 per common share. The dividend will be paid on December 20, 2024, to shareholders who are on record as of November 29, 2024. This announcement follows the approval and declaration by the company's Board of Directors.

Fidelis Insurance Holdings (NYSE:FIHL), a global specialty insurer, has announced its plans to release financial results for the third quarter ended September 30, 2024. The results will be made public on November 12, 2024, after the financial markets close. Investors can access these documents through the company's website.

Following the release, Dan Burrows, Group Chief Executive Officer, and Allan Decleir, Group Chief Financial Officer, will host an investor teleconference on November 13, 2024, at 9:00 a.m. ET. The call will include a discussion of the third quarter results and related matters, followed by a question-and-answer session. Interested parties can join the teleconference using the provided dial-in numbers and passcode. Additionally, a live, listen-only webcast will be available on the company's investor relations website.