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Fidelis Insurance Holdings Ltd. ( (FIHL) ) has issued an update.
On February 19, 2025, Fidelis Insurance Holdings Limited announced updates to its loss reserves ahead of its fourth quarter and full year 2024 earnings report. The company incurred a net adverse prior year development of $287.2 million in its Aviation and Aerospace line due to Russia-Ukraine aviation litigation. This development, along with settlement efforts, has affected its financial performance. Additionally, Fidelis provided a preliminary estimate of catastrophe losses from the January 2025 California wildfires, expecting a loss range of $160 million to $190 million. These events impact the company’s operations and financial standing, but it remains well-capitalized and focused on long-term value for shareholders.
More about Fidelis Insurance Holdings Ltd.
Fidelis Insurance Holdings Limited is a global specialty insurer offering innovative and tailored insurance solutions. The company has a diversified portfolio that allows it to capitalize on opportunities in evolving (re)insurance markets, shifting its business mix across market cycles to achieve superior underwriting returns. Headquartered in Bermuda with offices in Ireland and the United Kingdom, it holds strong financial strength ratings from AM Best, S&P, and Moody’s.
YTD Price Performance: -8.34%
Average Trading Volume: 519,391
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.93B
Find detailed analytics on FIHL stock on TipRanks’ Stock Analysis page.
