Fidelis Insurance Q3 premiums written rises

Pelagos Insurance Capital

12/11/2025 21:43

Overview

Fidelis Q3 gross premiums written grow 7.5% yr/yr

Combined ratio improves to 79.0% from 87.4% in Q3 2024

Net income for Q3 was $130.5 mln

Outlook

Fidelis targets 6-10% growth in gross premiums written for full-year 2025

Fidelis focused on expanding underwriting partnerships amid rate pressure

Result Drivers

GROSS PREMIUMS GROWTH - GPW increased by 7.5% yr/yr, driven by new business in Asset Backed Finance & Portfolio Credit line

UNDERWRITING PERFORMANCE - Combined ratio improved to 79.0% due to favorable prior year loss reserve development and reduced catastrophe losses

ASSET DEPLOYMENT - Strategic deployment of assets into alternative investments contributed to investment gains

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Gross Premiums Written
$797.50 mln
Q3 EPS
$1.24
Q3 Net Income
$130.50 mln
Q3 Combined Ratio
79.00%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and 1 "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 $19.00, about 0.2% below its November 11 closing price of $19.03

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

Press Release: ID:nBw4Sj4W2a

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(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.)