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Fidelis Insurance Holdings Limited (FIHL) 10-Year Financial Performance & Capital Metrics

FIHL • • Insurance & Managed Care
Financial ServicesDiversified InsuranceSpecialty & ReinsuranceBermuda-Based Specialty Insurers
AboutFidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products in Bermuda, Ireland, and the United Kingdom. It operates in three segments: Specialty, Reinsurance, and Bespoke segments. The Specialty segment offers aviation and aerospace, energy, marine, property direct and facultative, and other specialty risk solutions. The Reinsurance segment provides property, retrocession, and whole account reinsurance solutions. The Bespoke segment offers customized risk solutions for clients that include credit and political risk, and other risk transfer opportunities. The company is also involved in specialty treaty reinsurance, and surety bonds and guarantees activities; and upstream energy, energy liability, and marine businesses; and provision of product recall and contamination, and marketing services. Fidelis Insurance Holdings Limited was incorporated in 2014 and is headquartered in Pembroke, Bermuda.Show more
  • Revenue $2.42B -32.6%
  • Combined Ratio 94.37% +119.4%
  • Net Income $113M -94.7%
  • Return on Equity 4.63% -95.2%
  • Medical Cost Ratio 89.01% +124.8%
  • Operating Margin 5.63% -90.1%
  • Net Margin 4.68% -92.1%
  • ROA 1.04% -95.5%
  • Equity / Assets 20.81% -14.8%
  • Book Value per Share 21.17 -1.2%
  • Tangible BV/Share 21.17 -1.2%
  • Debt/Equity 0.18 +0.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Profitable underwriting: 94.4% combined ratio
  • ✓Excellent 3Y average ROE of 34.5%
  • ✓Healthy dividend yield of 2.1%
  • ✓Trading at only 0.9x book value

✗Weaknesses

  • ✗High loss ratio of 89.0%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y26.57%
TTM12.92%

Profit (Net Income) CAGR

10Y-
5Y-
3Y18.38%
TTM-103.13%

EPS CAGR

10Y-
5Y-
3Y42.31%
TTM-101.26%

ROCE

10Y Avg6.44%
5Y Avg6.44%
3Y Avg8.21%
Latest1.25%

Peer Comparison

Bermuda-Based Specialty Insurers
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Valuation
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Technical
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Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
FIHLFidelis Insurance Holdings Limited1.92B18.6018.98-32.59%-0.58%-0.6%32.02%0.18
ACGLArch Capital Group Ltd.32.98B90.948.1327.35%21.5%17.27%20.08%0.13

Profit & Loss

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+782.6M1.19B1.52B3.59B2.42B
Revenue Growth %-0.53%0.27%1.37%-0.33%
Medical Costs & Claims+503.7M946.9M01.42B2.16B
Medical Cost Ratio %-----
Gross Profit+278.9M247.5M1.52B2.17B266.1M
Gross Margin %-----
Gross Profit Growth %--0.11%5.13%0.43%-0.88%
Operating Expenses+155.4M168.8M1.44B122.3M129.7M
OpEx / Revenue %-----
Depreciation & Amortization2.6M4.5M3.9M300K-14M
Combined Ratio %-----
Operating Income+123.5M78.7M80.1M2.05B136.4M
Operating Margin %-----
Operating Income Growth %--0.36%0.02%24.56%-0.93%
EBITDA+126.1M83.2M84M2.05B122.4M
EBITDA Margin %-----
Interest Expense27.9M35.4M35.5M35.5M33.8M
Non-Operating Income-27.9M-35.4M-35.5M-35.5M-33.8M
Pretax Income+123.5M78.7M80.1M2.05B136.4M
Pretax Margin %-----
Income Tax+-3.1M400K17.8M-85.3M23.1M
Effective Tax Rate %-----
Net Income+126.5M68.3M52.6M2.13B113.3M
Net Margin %-----
Net Income Growth %--0.46%-0.23%39.54%-0.95%
EPS (Diluted)+0.630.340.2618.650.98
EPS Growth %--0.46%-0.24%70.73%-0.95%
EPS (Basic)0.650.350.2718.650.98
Diluted Shares Outstanding186.7M200.38M199.32M114.32M115.63M

Balance Sheet

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+5.32B7.05B8.31B10.03B11.77B
Asset Growth %-0.33%0.18%0.21%0.17%
Total Investment Assets+1.75B2.78B2.42B3.34B3.83B
Long-Term Investments1.64B2.53B2.31B3.29B3.63B
Short-Term Investments1.55B2.5B2.31B604.9M369.7M
Total Current Assets+00000
Cash & Equivalents967.2M325.1M1.22B712.4M743M
Receivables1000K1000K1000K1000K1000K
Other Current Assets-4.52B-6.11B-7.35B-6.05B-7.01B
Goodwill & Intangibles+00000
Goodwill00000
Intangible Assets00000
PP&E (Net)9.8M29.9M26.8M00
Other Assets-1.65B-2.56B-2.33B-3.29B-3.63B
Total Liabilities3.34B5.03B6.33B7.58B9.32B
Total Debt+456.5M478.3M476M448.2M448.9M
Net Debt-510.7M153.2M-746M-264.2M-294.1M
Long-Term Debt446M446.9M447.5M448.2M448.9M
Short-Term Debt00000
Total Current Liabilities+00000
Accounts Payable507.9M947.8M1.06B1.07B1.54B
Deferred Revenue00000
Other Current Liabilities-507.9M-947.8M-1.06B-1.41B-1.93B
Deferred Taxes00000
Other Liabilities-456.5M-478.3M-476M-448.2M-448.9M
Total Equity+1.98B2.02B1.99B2.45B2.45B
Equity Growth %-0.02%-0.02%0.23%-0%
Shareholders Equity1.98B2.01B1.98B2.45B2.45B
Minority Interest05.2M10.3M00
Retained Earnings-120.4M-52.1M500K436.6M503.6M
Common Stock2.1M1.9M1.9M1.2M1.2M
Accumulated OCI22.6M-11.3M-100.8M-27M4.5M
Return on Equity (ROE)0.06%0.03%0.03%0.96%0.05%
Return on Assets (ROA)0.02%0.01%0.01%0.23%0.01%
Equity / Assets-----
Debt / Equity0.23x0.24x0.24x0.18x0.18x
Book Value per Share10.5810.089.9721.4321.17
Tangible BV per Share-----

Cash Flow

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+316.1M345.8M741.4M495.2M618.2M
Operating CF Growth %-0.09%1.14%-0.33%0.25%
Operating CF / Revenue %-----
Net Income126.6M78.3M52.6M2.13B113.3M
Depreciation & Amortization2.6M4.5M3.9M300K-14M
Stock-Based Compensation32.6M9.8M10.8M27.6M7.8M
Deferred Taxes-6M-26.4M-10.4M-86.5M9.8M
Other Non-Cash Items-10.8M12M36M-1.72B28.6M
Working Capital Changes171.1M267.6M648.5M137M472.7M
Cash from Investing+-481.3M-1.09B215.9M-834.9M-475.8M
Capital Expenditures-2M-7.1M-18.8M-6.4M-4.6M
Acquisitions0-7.1M000
Purchase of Investments-1.27B-2.25B-1.71B-2.24B-2.52B
Sale/Maturity of Investments1000K1000K1000K1000K1000K
Other Investing07.1M15.7M00
Cash from Financing+948M-18.2M-16.2M-106.9M-153.9M
Dividends Paid-5.1M-2.1M-500K0-46.2M
Share Repurchases0-320.9M00-105.5M
Stock Issued691.8M318.2M089.4M0
Debt Issuance (Net)1000K0000
Other Financing-600K-13.4M-15.7M-196.3M-2.2M
Net Change in Cash+787.6M-762.5M931.9M-443.8M-17.5M
Exchange Rate Effect1000K-1000K-1000K1000K-1000K
Cash at Beginning450.9M1.24B476M1.41B964.1M
Cash at End1.24B476M1.41B964.1M946.6M
Free Cash Flow+314.1M338.7M722.6M488.8M613.6M
FCF Growth %-0.08%1.13%-0.32%0.26%
FCF Margin %-----
FCF per Share1.681.693.634.285.31

Key Ratios

Metric20202021202220232024
Combined Ratio84.22%93.41%94.72%43.01%94.37%
Medical Cost Ratio64.36%79.28%0%39.6%89.01%
Return on Equity (ROE)6.4%3.42%2.63%96.13%4.63%
Return on Assets (ROA)2.38%1.1%0.68%23.25%1.04%
Equity / Assets37.14%28.63%23.9%24.43%20.81%
Book Value / Share10.5810.089.9721.4321.17
Debt / Equity0.23x0.24x0.24x0.18x0.18x
Revenue Growth-52.62%26.94%136.91%-32.59%

Revenue by Segment

20232024
Insurance-1.9B
Insurance Growth--
Reinsurance253.7M355.7M
Reinsurance Growth-40.20%
Specialty1.2B-
Specialty Growth--

Frequently Asked Questions

Valuation & Price

Fidelis Insurance Holdings Limited (FIHL) has a price-to-earnings (P/E) ratio of 19.0x. This is roughly in line with market averages.

Growth & Financials

Fidelis Insurance Holdings Limited (FIHL) saw revenue decline by 32.6% over the past year.

Fidelis Insurance Holdings Limited (FIHL) reported a net loss of $14.5M for fiscal year 2024.

Dividend & Returns

Yes, Fidelis Insurance Holdings Limited (FIHL) pays a dividend with a yield of 2.15%. This makes it attractive for income-focused investors.

Fidelis Insurance Holdings Limited (FIHL) has a return on equity (ROE) of 4.6%. This is below average, suggesting room for improvement.

Industry Metrics

Fidelis Insurance Holdings Limited (FIHL) has a combined ratio of 94.4%. A ratio below 100% indicates underwriting profitability.

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