Fidelis Insurance reports Q3 EPS $1.21, consensus $1.20

Dan Burrows, Group Chief Executive Officer of Fidelis Insurance (FIHL) Group, commented: “We delivered outstanding results in the third quarter, with our 79.0% combined ratio representing our best quarterly performance as a publicly traded company and an excellent annualized Operating ROAE of 21.4%. We grew gross premiums written by 8%, reinforcing our confidence in our target range of 6-10% for the full-year. In a prevailing hard market, we remain well positioned for growth and value creation given our differentiated positioning and diverse risk access, particularly as we continue to expand our network of underwriting partnerships. Across our portfolio, we are focused on margin and exercising strong discipline with respect to rate, terms and conditions as we see signs of rate pressure in certain pockets. Looking ahead, we are focused on providing solutions for our clients in an evolving risk landscape. Our strong capital position enables us to successfully balance growth with returning excess capital to shareholders, and we continue to see share repurchases as a highly accretive use of capital.”