Gross Written Premium Growth
Fidelis Insurance Group reported a year-to-date growth of 9% in gross written premiums, reaching $2.9 billion. This growth was driven by high retention levels and new business opportunities across the portfolio.
Strong Capital Position
The company announced a meaningful expansion of its capital management initiatives, including a renewal of the common share repurchase authorization to $200 million and an increase in the quarterly dividend to $0.15.
Asset Backed Finance & Portfolio Credit Growth
This segment remained a core growth driver with a healthy pipeline of structured credit deals and revenue from third-party relationships.
Management of Russia-Ukraine Exposure
Fidelis reported that any remaining exposure to the Russia-Ukraine lesser policy litigation is insignificant, allowing the company to focus on future opportunities.