Fidelis Insurance Holdings Limited(FIHL)Earnings, Financials & Key Ratios
FIHL•NYSE•Insurance & Managed Care
$21.00
$2.35B mkt cap·21.4× P/E·Price updated May 6, 2026
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 Ratio94.37%+119.4%
- Net Income$113M-94.7%
- Return on Equity4.63%-95.2%
- Medical Cost Ratio89.01%+124.8%
- Operating Margin5.63%-90.1%
- Net Margin4.68%-92.1%
- ROA1.04%-95.5%
- Equity / Assets20.81%-14.8%
- Book Value per Share21.17-1.2%
- Tangible BV/Share21.17-1.2%
- Debt/Equity0.18+0.2%
FIHL Key Insights
Fidelis Insurance Holdings Limited (FIHL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Profitable underwriting: 94.4% combined ratio
- ✓Excellent 3Y average ROE of 34.5%
- ✓Trading near 52-week high
- ✓Trading at only 1.0x 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.
FIHL Price & Volume
Fidelis Insurance Holdings Limited (FIHL) stock price & volume — 10-year historical chart
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FIHL Growth Metrics
Fidelis Insurance Holdings Limited (FIHL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years26.57%
TTM12.92%
Profit CAGR
10 Years-
5 Years-
3 Years18.38%
TTM-103.13%
EPS CAGR
10 Years-
5 Years-
3 Years42.31%
TTM-101.26%
Return on Capital
10 Years6.44%
5 Years6.44%
3 Years8.21%
Last Year1.25%
FIHL Recent Earnings
Fidelis Insurance Holdings Limited (FIHL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (73%)●Beat Revenue 4/12 qtrs (36%)
Q1 2026Latest
Feb 25, 2026EPS
$1.09
Est $1.06
+2.8%
Revenue
$978M
Est $725M
+34.9%
Q4 2025
Nov 12, 2025EPS
$1.21
Est $1.21
+0.0%
Revenue
$650M
Est $677M
-3.9%
Q3 2025
Aug 13, 2025EPS
$0.12
Est $0.12
+200.0%
Revenue
$584M
Est $740M
-21.1%
Q2 2025
May 14, 2025EPS
$0.41
Est $0.43
+4.7%
Revenue
$578M
Est $608M
-5.0%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 25, 2026 | $1.09vs $1.06+2.8% | $978Mvs $725M+34.9% |
| Q4 2025 | Nov 12, 2025 | $1.21vs $1.21+0.0% | $650Mvs $677M-3.9% |
| Q3 2025 | Aug 13, 2025 | $0.12vs $0.12+200.0% | $584Mvs $740M-21.1% |
| Q2 2025 | May 14, 2025 | $0.41vs $0.43+4.7% | $578Mvs $608M-5.0% |
Based on last 12 quarters of dataView full earnings history →
FIHL Peer Comparison
Fidelis Insurance Holdings Limited (FIHL) competitors in Reinsurance (P&C and life) — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 RNR | 13.06B | 302.63 | 5.34 | 9.45% | 26.93% | 16.59% | 0.12 | |
 ACGL | 33.74B | 94.70 | 8.15 | 14.27% | 22.07% | 19.02% | 0.11 | |
 MKL | 22.34B | 1785.58 | 10.55 | -0.96% | 10.7% | 9.56% | 0.23 | |
 GLRE | 606.27M | 17.84 | 8.22 | 7.47% | 11.46% | 11.68% | 0.01 | |
 SIGI | 4.99B | 83.00 | 11.10 | 9.78% | 8.39% | 12.93% | 0.25 | |
 AXS | 7.33B | 99.37 | 8.05 | 9.05% | 16.18% | 16.93% | 0.23 | |
 PRE | 242.43M | 15.90 | -3.83 | 201.72% | -67.43% | -28.88% | 0.01 | |
 TRV | 65.22B | 301.59 | 10.99 | 5.17% | 12.88% | 19.12% | 0.28 |
Compare FIHL vs Peers
Fidelis Insurance Holdings Limited (FIHL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FIHL Income Statement
Fidelis Insurance Holdings Limited (FIHL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 782.6M | 1.19B | 1.52B | 3.59B | 2.42B | 2.5B |
| Revenue Growth % | - | 52.62% | 26.94% | 136.91% | -32.59% | 12.92% |
| Medical Costs & Claims | 503.7M | 946.9M | 0 | 1.42B | 2.16B | 1.58B |
| Medical Cost Ratio % | 64.36% | 79.28% | 0% | 39.6% | 89.01% | 63.24% |
| Gross Profit | 278.9M▲ 0% | 247.5M▼ 11.3% | 1.52B▲ 512.6% | 2.17B▲ 43.1% | 266.1M▼ 87.7% | 918.8M▲ 0% |
| Gross Margin % | 35.64% | 20.72% | 100% | 60.4% | 10.99% | 36.76% |
| Gross Profit Growth % | - | -11.26% | 512.61% | 43.09% | -87.73% | - |
| Operating Expenses | 155.4M | 168.8M | 1.44B | 122.3M | 129.7M | 925.6M |
| OpEx / Revenue % | 19.86% | 14.13% | 94.72% | 3.4% | 5.36% | 37.03% |
| Depreciation & Amortization | 2.6M | 4.5M | 3.9M | 300K | -14M | 0 |
| Combined Ratio % | 84.22% | 93.41% | 94.72% | 43.01% | 94.37% | 100.27% |
| Operating Income | 123.5M▲ 0% | 78.7M▼ 36.3% | 80.1M▲ 1.8% | 2.05B▲ 2455.8% | 136.4M▼ 93.3% | -6.8M▲ 0% |
| Operating Margin % | 15.78% | 6.59% | 5.28% | 56.99% | 5.63% | -0.27% |
| Operating Income Growth % | - | -36.28% | 1.78% | 2455.81% | -93.34% | - |
| EBITDA | 126.1M | 83.2M | 84M | 2.05B | 122.4M | 34M |
| EBITDA Margin % | 16.11% | 6.97% | 5.54% | 57% | 5.05% | 1.36% |
| Interest Expense | 27.9M | 35.4M | 35.5M | 35.5M | 33.8M | 40.8M |
| Non-Operating Income | -27.9M | -35.4M | -35.5M | -35.5M | -33.8M | -40.8M |
| Pretax Income | 123.5M▲ 0% | 78.7M▼ 36.3% | 80.1M▲ 1.8% | 2.05B▲ 2455.8% | 136.4M▼ 93.3% | -6.8M▲ 0% |
| Pretax Margin % | 15.78% | 6.59% | 5.28% | 56.99% | 5.63% | -0.27% |
| Income Tax | -3.1M | 400K | 17.8M | -85.3M | 23.1M | 7.7M |
| Effective Tax Rate % | -2.51% | 0.51% | 22.22% | -4.17% | 16.94% | -113.24% |
| Net Income | 126.5M▲ 0% | 68.3M▼ 46.0% | 52.6M▼ 23.0% | 2.13B▲ 3954.2% | 113.3M▼ 94.7% | -14.5M▲ 0% |
| Net Margin % | 16.16% | 5.72% | 3.47% | 59.37% | 4.68% | -0.58% |
| Net Income Growth % | - | -46.01% | -22.99% | 3954.18% | -94.69% | -103.13% |
| EPS (Diluted) | 0.63▲ 0% | 0.34▼ 46.0% | 0.26▼ 23.5% | 18.65▲ 7073.1% | 0.98▼ 94.7% | -0.14▲ 0% |
| EPS Growth % | - | -46.03% | -23.53% | 7073.08% | -94.75% | -101.26% |
| EPS (Basic) | 0.65 | 0.35 | 0.27 | 18.65 | 0.98 | - |
| Diluted Shares Outstanding | 186.7M | 200.38M | 199.32M | 114.32M | 115.63M | 105.01M |
FIHL Balance Sheet
Fidelis Insurance Holdings Limited (FIHL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Total Assets | 5.32B | 7.05B | 8.31B | 10.03B | 11.77B | 12.49B |
| Asset Growth % | - | 32.56% | 17.86% | 20.64% | 17.33% | 46.5% |
| Total Investment Assets | 1.75B | 2.78B | 2.42B | 3.34B | 3.83B | 4M |
| Long-Term Investments | 1.64B | 2.53B | 2.31B | 3.29B | 3.63B | 10.14B |
| Short-Term Investments | 1.55B | 2.5B | 2.31B | 604.9M | 369.7M | 2.9B |
| Total Current Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash & Equivalents | 967.2M | 325.1M | 1.22B | 712.4M | 743M | 892.5M |
| Receivables | 1.58B | 2.61B | 3B | 3.67B | 4.47B | 20.47B |
| Other Current Assets | -4.52B | -6.11B | -7.35B | -6.05B | -7.01B | -10.63B |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 1.06B |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 1.06B |
| PP&E (Net) | 9.8M | 29.9M | 26.8M | 0 | 0 | 0 |
| Other Assets | -1.65B | -2.56B | -2.33B | -3.29B | -3.63B | -1.46B |
| Total Liabilities | 3.34B | 5.03B | 6.33B | 7.58B | 9.32B | 10.07B |
| Total Debt | 456.5M | 478.3M | 476M | 448.2M | 448.9M | 842.9M |
| Net Debt | -510.7M | 153.2M | -746M | -264.2M | -294.1M | -49.6M |
| Long-Term Debt | 446M | 446.9M | 447.5M | 448.2M | 448.9M | 842.9M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Payable | 507.9M | 947.8M | 1.06B | 1.07B | 1.54B | 1.86B |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | -507.9M | -947.8M | -1.06B | -1.41B | -1.93B | -2.4B |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | -456.5M | -478.3M | -476M | -448.2M | -448.9M | 6.44B |
| Total Equity | 1.98B▲ 0% | 2.02B▲ 2.2% | 1.99B▼ 1.6% | 2.45B▲ 23.3% | 2.45B▼ 0.1% | 2.42B▲ 0% |
| Equity Growth % | - | 2.17% | -1.58% | 23.29% | -0.06% | -21.43% |
| Shareholders Equity | 1.98B | 2.01B | 1.98B | 2.45B | 2.45B | 2.42B |
| Minority Interest | 0 | 5.2M | 10.3M | 0 | 0 | 0 |
| Retained Earnings | -120.4M | -52.1M | 500K | 436.6M | 503.6M | 573.3M |
| Common Stock | 2.1M | 1.9M | 1.9M | 1.2M | 1.2M | 1M |
| Accumulated OCI | 22.6M | -11.3M | -100.8M | -27M | 4.5M | 40.1M |
| Return on Equity (ROE) | 6.4% | 3.42% | 2.63% | 96.13% | 4.63% | -0.6% |
| Return on Assets (ROA) | 2.38% | 1.1% | 0.68% | 23.25% | 1.04% | -0.12% |
| Equity / Assets | 37.14% | 28.63% | 23.9% | 24.43% | 20.81% | 19.34% |
| Debt / Equity | 0.23x | 0.24x | 0.24x | 0.18x | 0.18x | 0.18x |
| Book Value per Share | 10.58 | 10.08 | 9.97 | 21.43 | 21.17 | 23.01 |
| Tangible BV per Share | 10.58 | 10.08 | 9.97 | 21.43 | 21.17 | 12.87 |
FIHL Cash Flow Statement
Fidelis Insurance Holdings Limited (FIHL) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | 316.1M | 345.8M | 741.4M | 495.2M | 618.2M | 618.2M |
| Operating CF Growth % | - | 9.4% | 114.4% | -33.21% | 24.84% | -1486.64% |
| Operating CF / Revenue % | 40.39% | 28.95% | 48.9% | 13.79% | 25.53% | 24.73% |
| Net Income | 126.6M | 78.3M | 52.6M | 2.13B | 113.3M | -14.5M |
| Depreciation & Amortization | 2.6M | 4.5M | 3.9M | 300K | -14M | -10.5M |
| Stock-Based Compensation | 32.6M | 9.8M | 10.8M | 27.6M | 7.8M | 3.7M |
| Deferred Taxes | -6M | -26.4M | -10.4M | -86.5M | 9.8M | 0 |
| Other Non-Cash Items | -10.8M | 12M | 36M | -1.72B | 28.6M | 408.2M |
| Working Capital Changes | 171.1M | 267.6M | 648.5M | 137M | 472.7M | -897.9M |
| Cash from Investing | -481.3M | -1.09B | 215.9M | -834.9M | -475.8M | 438M |
| Capital Expenditures | -2M | -7.1M | -18.8M | -6.4M | -4.6M | -1.7M |
| Acquisitions | 0 | -7.1M | 0 | 0 | 0 | 0 |
| Purchase of Investments | -1.27B | -2.25B | -1.71B | -2.24B | -2.52B | -2.46B |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 4M |
| Other Investing | 0 | 7.1M | 15.7M | 0 | 0 | 0 |
| Cash from Financing | 948M | -18.2M | -16.2M | -106.9M | -153.9M | 142.2M |
| Dividends Paid | -5.1M | -2.1M | -500K | 0 | -46.2M | -48.6M |
| Share Repurchases | 0 | -320.9M | 0 | 0 | -105.5M | -202.3M |
| Stock Issued | 691.8M | 318.2M | 0 | 89.4M | 0 | 0 |
| Debt Issuance (Net) | 1000K | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -600K | -13.4M | -15.7M | -196.3M | -2.2M | 393.1M |
| Net Change in Cash | 787.6M▲ 0% | -762.5M▼ 196.8% | 931.9M▲ 222.2% | -443.8M▼ 147.6% | -17.5M▲ 96.1% | 69.9M▲ 0% |
| Exchange Rate Effect | 1000K | -1000K | -1000K | 1000K | -1000K | 0 |
| Cash at Beginning | 450.9M | 1.24B | 476M | 1.41B | 964.1M | 1.1B |
| Cash at End | 1.24B | 476M | 1.41B | 964.1M | 946.6M | 1.09B |
| Free Cash Flow | 314.1M▲ 0% | 338.7M▲ 7.8% | 722.6M▲ 113.3% | 488.8M▼ 32.4% | 613.6M▲ 25.5% | -512.7M▲ 0% |
| FCF Growth % | - | 7.83% | 113.35% | -32.36% | 25.53% | -175.29% |
| FCF Margin % | 40.14% | 28.36% | 47.66% | 13.61% | 25.34% | -20.51% |
| FCF per Share | 1.68 | 1.69 | 3.63 | 4.28 | 5.31 | 5.31 |
FIHL Key Ratios
Fidelis Insurance Holdings Limited (FIHL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|
| Combined Ratio | 93.41% | 94.72% | 43.01% | 94.37% | 100.27% |
| Medical Cost Ratio | 79.28% | 0% | 39.6% | 89.01% | 63.24% |
| Return on Equity (ROE) | 3.42% | 2.63% | 96.13% | 4.63% | -0.6% |
| Return on Assets (ROA) | 1.1% | 0.68% | 23.25% | 1.04% | -0.12% |
| Equity / Assets | 28.63% | 23.9% | 24.43% | 20.81% | 19.34% |
| Book Value / Share | 10.08 | 9.97 | 21.43 | 21.17 | 23.01 |
| Debt / Equity | 0.24x | 0.24x | 0.18x | 0.18x | 0.18x |
| Revenue Growth | 52.62% | 26.94% | 136.91% | -32.59% | 12.92% |
FIHL Frequently Asked Questions
Fidelis Insurance Holdings Limited (FIHL) stock FAQ — growth, dividends, profitability & financials explained
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 1.90%. 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.
Explore More FIHL
Fidelis Insurance Holdings Limited (FIHL) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
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Earnings History
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Price History
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Revenue History
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