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Fidelis Insurance Holdings Ltd. (FIHL)
NYSE:FIHL
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Fidelis Insurance Holdings Ltd.
(NYSE:FIHL)
Select Model
Select Model
Rating:57Neutral
Price Target:
$19.50
▲(4.28% Upside)
Fidelis Insurance Holdings Ltd. has a mixed outlook. The strong earnings call performance and positive technical indicators are offset by poor financial performance and unattractive valuation. The company's ability to navigate financial challenges will be crucial for future performance.
Positive Factors
Combined Ratio Improvement
A strong combined ratio indicates effective underwriting and cost management, enhancing profitability and competitive positioning in the insurance market.
Reinsurance Premium Growth
Significant growth in reinsurance premiums suggests strong demand and effective market penetration, supporting long-term revenue expansion.
Strategic Focus on Margin Discipline
A focus on margin discipline and strategic partnerships enhances operational efficiency and market adaptability, driving sustainable growth.
Negative Factors
Negative Net Profit Margin
A negative net profit margin indicates ongoing profitability challenges, potentially impacting financial stability and investor confidence.
Cash Flow Challenges
Declining cash flow limits the company's ability to invest in growth opportunities and manage debt, affecting long-term financial health.
Challenges in Aviation Sector
Persistent challenges in the aviation sector could hinder revenue growth and require strategic adjustments to maintain competitiveness.
Fidelis Insurance Holdings Ltd. (FIHL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.99B
Dividend Yield2.42%
Average Volume (3M)424.18K
Price to Earnings (P/E)―
Beta (1Y)0.56
Revenue Growth11.71%
EPS Growth-101.08%
CountryUS
Employees98
SectorFinancial
Sector Strength70
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)1.21
Shares Outstanding104,861,824
10 Day Avg. Volume442,905
30 Day Avg. Volume424,180
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)0.85
Price to Sales (P/S)0.86
P/FCF Ratio3.40
Enterprise Value/Market Cap1.38
Enterprise Value/Revenue1.10
Enterprise Value/Gross Profit2.99
Enterprise Value/Ebitda80.85
Forecast
1Y Price Target
$20.60Price Target Upside10.16% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)1.8
Revenue Forecast (FY)$3.63B
Fidelis Insurance Holdings Ltd. Business Overview & Revenue Model
Company DescriptionFidelis Insurance Holdings Ltd. (FIHL) is a prominent insurance and reinsurance company headquartered in Hamilton, Bermuda. The company specializes in providing innovative insurance solutions across various sectors, including property, casualty, and specialty lines. FIHL focuses on delivering tailored coverage and risk management services to clients globally, leveraging its expertise in underwriting and loss prevention.
How the Company Makes MoneyFidelis Insurance Holdings Ltd. generates revenue primarily through the underwriting of insurance and reinsurance policies. The company earns premiums from policyholders, which serve as a key revenue stream. Additionally, FIHL invests the premiums it collects in a diversified portfolio, generating investment income. The company may also engage in strategic partnerships with brokers and other insurance firms to expand its market reach and enhance its product offerings, contributing to its overall earnings. Factors such as effective risk management, claims handling efficiency, and market positioning play significant roles in its profitability.
Fidelis Insurance Holdings Ltd. Earnings Call Summary
Earnings Call Date:Nov 12, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 04, 2026
Earnings Call Sentiment Positive
The earnings call highlighted strong financial performance, including record combined ratio and growth in premiums, alongside strategic share repurchases. However, challenges such as decreased net premiums earned, issues in the aviation sector, and pricing pressures in property lines were noted.Q3-2025 Updates
Positive Updates
Record Combined Ratio
The company reported a combined ratio of 79% for the quarter, which is their best since becoming publicly traded and an improvement of more than 8 points from the same quarter last year.
Strong Operating ROAE
Annualized operating return on average equity (ROAE) was 21.4%, representing an increase of 5 points year over year.
Growth in Gross Premiums Written
Gross premiums written increased by 8% to $798 million in the quarter and the year-to-date figure stands at $3.7 billion, also an increase of 8% compared to the same period last year.
Reinsurance Premium Growth
The reinsurance segment delivered 20% year-on-year premium growth, driven by enhanced pricing and new business opportunities following events like the California wildfires.
Strategic Share Repurchase
Repurchased 1.8 million common shares for $32 million at an average price of $17.40 per share in the third quarter. Subsequent repurchases bring the total to 9.6 million shares for 2025.
Negative Updates
Net Premiums Earned Decrease
Net premiums earned decreased by 5% versus 2024, driven by business mix and higher gross premiums written in lines of business with longer earnings patterns.
Challenges in Aviation Sector
Aviation hull and liability sector remains challenging with increased competition and insufficient market correction following loss events.
Pressure in Property Lines
Despite strong margins, there is more pressure on pricing in certain lines, particularly direct property, requiring strategic deployment of capacity.
Company Guidance
During the third quarter of 2025, Fidelis Insurance Group reported a combined ratio of 79%, marking its best performance as a publicly traded company and an improvement of over eight points from the previous year. The company achieved an annualized operating return on average equity of 21.4%, up five points year over year, and grew its diluted book value per share by $1.25. Gross premiums written increased by 8% to $798 million, maintaining the year's growth trend. The insurance segment saw a 4% growth in gross premiums written, while the reinsurance segment experienced a 20% year-on-year premium growth. Fidelis reported operating net income of $127 million or $1.21 per diluted common share. The company's strategic focus remains on disciplined risk selection, capital allocation, and expanding its underwriting partnerships, contributing to strong client retention and positioning in a hard market.Fidelis Insurance Holdings Ltd. Financial Statement Overview
Summary
Fidelis Insurance Holdings Ltd. faces financial difficulties with negative net profit margin and declining revenues. Despite a stable balance sheet with a moderate debt-to-equity ratio, the company struggles with negative cash flow and profitability metrics.Income Statement
The income statement reveals a challenging period for Fidelis Insurance Holdings Ltd. with a negative net profit margin of -0.58% in the TTM, indicating losses. Revenue growth has been negative, showing a decline in sales compared to previous periods. However, the company maintained a gross profit margin of 36.76%, suggesting some efficiency in managing production costs. The EBIT and EBITDA margins are low, reflecting operational challenges.45
Neutral
Balance Sheet
The balance sheet shows a moderate debt-to-equity ratio of 0.35, indicating a balanced approach to leveraging. However, the return on equity is negative at -0.61%, reflecting the company's recent unprofitability. The equity ratio stands at 19.34%, suggesting a stable capital structure with a reasonable proportion of equity financing.60
Neutral
Cash Flow
Cash flow analysis indicates a significant decline in operating cash flow, with a negative free cash flow growth rate. The free cash flow to net income ratio is slightly above 1, suggesting that cash flow generation is aligned with net income, albeit both are negative. The company faces challenges in generating positive cash flow from operations.50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.50B | 2.42B | 3.59B | 1.52B | 1.19B | 782.60M |
| Gross Profit | 918.80M | 266.10M | 2.17B | 1.52B | 247.50M | 278.90M |
| EBITDA | 34.00M | 156.20M | 2.08B | 119.50M | 118.60M | 154.00M |
| Net Income | -14.50M | 113.30M | 2.13B | 52.60M | 68.30M | 126.50M |
Balance Sheet | ||||||
| Total Assets | 12.49B | 11.77B | 10.03B | 8.31B | 7.05B | 5.32B |
| Cash, Cash Equivalents and Short-Term Investments | 3.79B | 1.11B | 1.32B | 3.53B | 2.83B | 2.52B |
| Total Debt | 842.90M | 448.90M | 448.20M | 476.00M | 478.30M | 456.50M |
| Total Liabilities | 10.07B | 9.32B | 7.58B | 6.33B | 5.03B | 3.34B |
| Stockholders Equity | 2.42B | 2.45B | 2.45B | 1.98B | 2.01B | 1.98B |
Cash Flow | ||||||
| Free Cash Flow | -512.70M | 613.60M | 488.80M | 722.60M | 338.70M | 314.10M |
| Operating Cash Flow | -511.00M | 618.20M | 495.20M | 741.40M | 345.80M | 316.10M |
| Investing Cash Flow | 438.00M | -475.80M | -834.90M | 215.90M | -1.09B | -481.30M |
| Financing Cash Flow | 142.20M | -153.90M | -106.90M | -16.20M | -18.20M | 948.00M |
Fidelis Insurance Holdings Ltd. Technical Analysis
Neutral
18.70
Price Trends
18.34
Positive
17.44
Positive
16.68
Positive
Market Momentum
0.18
Positive
51.83
Neutral
58.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FIHL, the sentiment is Neutral. The current price of 18.7 is below the 20-day moving average (MA) of 18.76, above the 50-day MA of 18.34, and above the 200-day MA of 16.68, indicating a neutral trend. The MACD of 0.18 indicates Positive momentum. The RSI at 51.83 is Neutral, neither overbought nor oversold. The STOCH value of 58.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FIHL.
Fidelis Insurance Holdings Ltd. Risk Analysis
Fidelis Insurance Holdings Ltd. disclosed 95 risk factors in its most recent earnings report. Fidelis Insurance Holdings Ltd. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
The use or anticipated use of artificial intelligence ("AI") technologies, including generative AI, by the Group or third parties, may increase or create new operational risks. Q4, 2024
2.
The U.K.'s multinational top-up tax ("MTT") or domestic top-up tax ("DTT") may adversely impact the Group's tax liability. Q4, 2024
3.
The Group could be materially adversely affected to the extent that important third parties with whom the Group does business do not adequately or appropriately manage their risks, commit fraud or otherwise breach obligations owed to the Group. Q4, 2024
Fidelis Insurance Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $33.78B | 8.72 | 17.81% | ― | 16.68% | -28.54% | |
79 Outperform | $1.05B | 8.67 | 18.68% | 4.17% | 0.76% | ― | |
77 Outperform | $11.24B | 13.66 | 12.96% | 6.78% | 7.08% | -4.36% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
59 Neutral | $41.34B | 13.73 | 7.68% | 2.11% | -23.02% | 52.43% | |
59 Neutral | $2.78B | 66.46 | ― | ― | 24.81% | 55.93% | |
57 Neutral | $1.99B | ― | -0.57% | 2.42% | 11.71% | -101.08% |
* Financial Sector Average
FIHL
Fidelis Insurance Holdings Ltd.
18.70
-1.11
-5.60%
AIG
American International Group
76.95
2.60
3.50%
ACGL
Arch Capital Group
92.69
-5.79
-5.88%
ORI
Old Republic International
44.76
9.73
27.78%
IGIC
International General Insurance Holdings
24.16
-0.58
-2.34%
GSHD
GooseHead Insurance
75.97
-42.77
-36.02%
Fidelis Insurance Holdings Ltd. Corporate Events
Fidelis Insurance Reports Strong Q3 2025 Results Amid Market Challenges
Nov 12, 2025
On November 12, 2025, Fidelis Insurance Holdings Limited announced its financial results for the third quarter ended September 30, 2025. The company reported a significant improvement in its combined ratio to 79.0% and a notable increase in net income to $130.5 million compared to the previous year. Despite facing challenges such as the California wildfires and an English High Court judgment, Fidelis achieved a growth in gross premiums written and maintained a strong capital position, allowing for substantial capital returns to shareholders. The results reflect Fidelis’s strategic focus on margin discipline and expanding underwriting partnerships, positioning the company well for future growth in a hard market.
Fidelis Insurance Declares $0.15 Dividend for December 2025
Nov 3, 2025
On November 3, 2025, Fidelis Insurance Holdings Limited announced that its Board of Directors has approved a dividend of $0.15 per share, to be paid on December 23, 2025, to shareholders of record as of December 10, 2025. This decision reflects the company’s robust financial health and strategic positioning in the global insurance market, potentially enhancing shareholder value and confidence.
Fidelis Insurance Unveils Strategic Presentation on October 28, 2025
Oct 28, 2025
On October 28, 2025, Fidelis Insurance Holdings Limited released a company slide presentation to provide insights into its strategic plans and market positioning. The presentation highlighted the company’s focus on growth, risk management, and competitive positioning in the insurance and reinsurance sectors. This announcement is significant for stakeholders as it outlines Fidelis’s strategies for navigating industry challenges and leveraging opportunities for future growth.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.