Fidelis Insurance Holdings Stock Price, News & Analysis

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.

Fidelis Insurance Group (NYSE: FIHL) announced its 2024 Q2 results with gross premiums written of $1.2 billion, a 24.7% increase year-over-year. The combined ratio was 92.7%, and net income stood at $53.7 million ($0.46 per diluted share). Operating net income was $63.0 million ($0.54 per share).

For the first half of 2024, gross premiums reached $2.7 billion, growing 22.9% from the first half of 2023. Net income amounted to $134.9 million ($1.14 per share), and operating net income was $150.2 million ($1.27 per share). The combined ratio was 89.3%.

The company repurchased 1,932,418 shares for $33.7 million in Q2 and 2,290,020 shares for $38.7 million in H1. A new share repurchase program of $200 million was approved.

Net investment income for Q2 was $46.0 million, up from $27.3 million in the prior year. Operating ROE for the quarter was 10.0% annualized. The book value per share was $21.71 as of June 30, 2024.

Fidelis Insurance Holdings (NYSE:FIHL), a global specialty insurer, has announced two significant developments. Firstly, the Board of Directors has declared a quarterly dividend of $0.10 per share, payable on September 30, 2024, to shareholders of record on September 16, 2024. Secondly, the Board has approved a new share repurchase program authorizing the company to buy back up to $200 million of its shares.

The repurchase program allows for various methods of share buybacks, including open market purchases, accelerated share repurchases, and privately negotiated transactions. The timing and volume of repurchases will be at the company's discretion, based on factors such as intrinsic value assessment, market conditions, and available liquidity. The program can be suspended or discontinued at any time by the Board of Directors.

The Fidelis Partnership Syndicate 3123, in collaboration with Fidelis Insurance Group and Hampden Agencies, has commenced underwriting business at Lloyd's. This marks the return of Richard Brindle, CEO, to Lloyd's after 26 years. The syndicate aims to write $180 million of Gross Written Premium in H2 2024 and $450 million in 2025, covering various insurance classes such as property catastrophe, political violence, marine, and aviation. The launch represents the largest Names-sponsored syndicate in Lloyd's history, aiming to leverage Lloyd's global licenses and capital structure. Key leaders, including Brindle and Daniel O'Connell, emphasize strategic growth and expanded market reach.

Fidelis Insurance Holdings (NYSE:FIHL), a global specialty insurer, will release its second quarter financial results for the period ending June 30, 2024, on August 14, 2024, after the market closes. The results will be available on the company's investor website. On August 15, 2024, at 9:00 a.m. ET, CEO Dan Burrows and CFO Allan Decleir will host an investor teleconference to discuss these results and answer questions. The call can be accessed by dialing specific numbers for U.S. and international callers or through a live webcast on the company's website.