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Fidelis Insurance Reports 2024 Financial Results with Strong Premium Growth

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Fidelis Insurance Reports 2024 Financial Results with Strong Premium Growth

Fidelis Insurance Holdings Ltd. ( (FIHL) ) just unveiled an announcement.

Fidelis Insurance Holdings Limited reported its financial results for the fourth quarter and full year of 2024 on February 25, 2025. The company experienced a 23% growth in gross premiums written, reaching $4.4 billion for the year. Despite strong investment income and returning $152 million in capital to shareholders, the fourth quarter saw a net loss of $122.2 million, attributed to higher catastrophe and large losses, as well as adverse prior year loss reserve development. The full year net income was $113.3 million, with a combined ratio of 99.7%. The company remains focused on leveraging its expertise and strategic management to navigate market challenges and pursue growth opportunities.

More about Fidelis Insurance Holdings Ltd.

Fidelis Insurance Holdings Limited is a company operating in the insurance industry, primarily focused on underwriting and providing insurance services. The company is known for its strategic capital management and market access, which it leverages to drive growth and deliver value to shareholders.

YTD Price Performance: -19.30%

Average Trading Volume: 556,972

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.7B

Find detailed analytics on FIHL stock on TipRanks’ Stock Analysis page.

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