Fidelis Insuarnce Q4 combined ratio improves to 80.6%

Pelagos Insurance Capital

25/02/2026 22:00

Overview

Specialty insurer's Q4 2025 combined ratio improved to 80.6% from 128% in 2024

Net income for Q4 2025 was $117.8 mln, a significant increase from the prior year

Company returned $133.6 mln to shareholders, including $118.7 mln in share repurchases

Outlook

Fidelis plans to expand underwriting partnerships in 2026

Fidelis confident in identifying profitable opportunities in 2026

Result Drivers

UNDERWRITING IMPROVEMENT - Fidelis reported a significant improvement in its combined ratio to 80.6%, driven by favorable prior year loss reserve development and reduced catastrophe losses

PARTNERSHIP EXPANSION - Co expanded its network of underwriting partners, contributing to record gross premiums written of $4.7 bln, up 7.1% over the prior year

REINSURANCE STRATEGY - Strategic use of outwards reinsurance and disciplined capital management positioned co for sustained value delivery

Company press release: ID:nBw95svZ8a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$1.17
Q4 Net Income
$117.80 mln
Q4 Combined Ratio
80.60%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy."

Wall Street's median 12-month price target for Fidelis Insurance Holdings Ltd is $20.50, about 2% above its February 24 closing price of $20.09

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)