Business
Fidelis Insurance Group Reports 2025 First Quarter Results
PEMBROKE, Bermuda, May 14, 2025--Fidelis Insurance Holdings Limited ("Fidelis" or "FIHL" or "the Group") (NYSE: FIHL) announced today its financial results for the first quarter ended March 31, 2025.
About this update from Pelagos Insurance Capital Limited
[{"type":"text","content":"First Quarter 2025 Highlights:","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Gross premiums written ("GPW") of $1,722.9 million; growth of 13.8% from the first quarter of 2024","length":108,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Combined ratio of 115.6%, reflecting the impacts of the California wildfires","length":76,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Annualized operating return on average common equity ("Operating ROAE") of (7.6)%","length":91,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net loss of $42.5 million, or $(0.38) per diluted common share, and operating net loss of $45.3 million, or $(0.41) per diluted common share","length":140,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Book value per diluted common share was $21.54 at March 31, 2025","length":64,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Total capital returned to common shareholders was $33.2 million for the first quarter of 2025, including common share repurchases of $22.1 million and dividends of $11.1 million","length":177,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":656,"olType":false},{"type":"text","content":"PEMBROKE, Bermuda, May 14, 2025--(BUSINESS WIRE)--Fidelis Insurance Holdings Limited ("Fidelis" or "FIHL" or "the Group") (NYSE: FIHL) announced today its financial results for the first quarter ended March 31, 2025.","length":246,"tagName":"p"},{"type":"text","content":"Dan Burrows, Group Chief Executive Officer of Fidelis Insurance Group, commented: "During the first quarter, we capitalized on new business opportunities across the portfolio and delivered 14% top-line growth. The strength of our balance sheet also enabled us to repurchase $41.5 million of common shares year-to-date, which at our current valuation, is highly accretive to our book value.","length":394,"tagName":"p"},{"type":"text","content":""While our combined ratio and ROAE were impacted by the highest first quarter catastrophe losses in over a decade, the impact of the California wildfires is tracking to the lower end of our expected range. We believe our performance demonstrates the quality of our underlying portfolio and the importance of acti...