Latest news with #FIHL
Yahoo
16-05-2025
- Business
- Yahoo
Fidelis Insurance Holdings Ltd (FIHL) Q1 2025 Earnings Call Highlights: Strong Growth Amid ...
Gross Premiums Written: $1.7 billion, an increase of 14% year-over-year. Insurance Segment Premiums: Increased by 7% to $1.3 billion. Reinsurance Segment Premiums: Grew by 39% to $456 million. Combined Ratio: 115.6%, impacted by California wildfires. Catastrophe and Large Loss Ratio: 55.3%, or $333 million in losses. Net Favorable Prior-Year Development: $41 million. Net Investment Income: Increased to $50 million from $41 million in the prior year. Share Repurchases: $41.5 million year-to-date at an average cost of $15.63 per share. Dividend: $0.10 per share payable in June. Warning! GuruFocus has detected 4 Warning Sign with FIHL. Release Date: May 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Fidelis Insurance Holdings Ltd (NYSE:FIHL) achieved a 14% top-line growth in the first quarter, driven by strong retention levels and new business opportunities. The company maintained a strong capital position, allowing it to navigate industry challenges and capitalize on favorable market conditions. FIHL's diversified portfolio of over 100 lines of business provides access to compelling risks at preferential rates, terms, and conditions. The company successfully onboarded its first third-party partners, enhancing its existing book with compelling returns. FIHL executed $41.5 million in share repurchases year-to-date, reflecting confidence in its undervalued stock and commitment to optimizing shareholder returns. The combined ratio for the quarter was 115.6%, impacted by significant losses from the California wildfires. FIHL faced a reduction in aviation and aerospace premiums due to the timing of a line slip renewal. The company is exposed to potential adverse prior-year development of up to $150 million related to the Russia-Ukraine aviation litigation. There is increasing competition in some lines of business, which could pressure margins. Despite strong performance, FIHL's stock continues to trade at a discount to book value, raising concerns about market perception of its structure and strategy. Q: Can you explain the impact of reinstatement premiums on your growth figures and whether there are better growth opportunities in the second half of the year? A: Allan Decleir, CFO, explained that a contract in the aviation line moved from March to April, coinciding with $80 million in reinstatement premiums. CEO Daniel Burrows added that despite some pressure, they are confident in achieving 10% growth for the year due to a diversified portfolio and new distribution channels. Q: What were the drivers behind the $41 million favorable reserve movement in the quarter? A: Allan Decleir noted that the positive prior-year development was driven by strong performance in the attritional book and reserve releases from prior catastrophe reserves. The company also reflected further Russia-Ukraine settlement activity, moving from two-thirds to 80% settlement. Q: Why does Fidelis Insurance Holdings Ltd. trade at a discount to book value despite strong returns? A: CEO Daniel Burrows acknowledged the undervaluation and attributed it to the market's gradual acceptance of their structure. He emphasized their diversified portfolio and strong performance, particularly in managing wildfire losses, as reasons for confidence in future valuation improvements. Q: Could you elaborate on the potential impact of the UK aviation litigation on your financials? A: Jonathan Strickle, Group Chief Actuarial Officer, stated that the worst-case scenario could result in a $150 million adverse impact, which is a hard stop. However, most of the exposure is now behind them, with only the English judgment pending. Q: How are you addressing the increased frequency of aviation incidents in your underwriting? A: CEO Daniel Burrows explained that they monitor clustering effects and adjust pricing, terms, and conditions accordingly. They leverage their leadership position to focus on high-margin business and avoid lines that don't meet their hurdle rates. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
15-05-2025
- Business
- Yahoo
Fidelis Insurance (FIHL) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended March 2025, Fidelis Insurance Holdings (FIHL) reported revenue of $652.5 million, up 25.5% over the same period last year. EPS came in at -$0.41, compared to $0.74 in the year-ago quarter. The reported revenue represents a surprise of -0.55% over the Zacks Consensus Estimate of $656.08 million. With the consensus EPS estimate being -$0.43, the EPS surprise was +4.65%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Fidelis Insurance performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Combined Ratio: 115.6% versus 116.9% estimated by two analysts on average. Loss Ratio: 71.2% versus 70.2% estimated by two analysts on average. Revenues- Net premiums earned: $603 million versus the two-analyst average estimate of $603.48 million. The reported number represents a year-over-year change of +23.6%. Revenues- Net investment income: $49.50 million versus $52.61 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +20.7% change. View all Key Company Metrics for Fidelis Insurance here>>>Shares of Fidelis Insurance have returned +6.3% over the past month versus the Zacks S&P 500 composite's +9.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fidelis Insurance Holdings Limited (FIHL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
14-05-2025
- Business
- Yahoo
Fidelis Insurance: Q1 Earnings Snapshot
PEMBROKE, Bermuda (AP) — PEMBROKE, Bermuda (AP) — Fidelis Insurance Holdings Ltd. (FIHL) on Wednesday reported a loss of $42.5 million in its first quarter. On a per-share basis, the Pembroke, Bermuda-based company said it had a loss of 38 cents. Losses, adjusted for non-recurring gains, were 41 cents per share. The insurance and reinsurance company posted revenue of $658.4 million in the period. Its adjusted revenue was $652.5 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on FIHL at
Yahoo
14-05-2025
- Business
- Yahoo
Fidelis Insurance: Q1 Earnings Snapshot
PEMBROKE, Bermuda (AP) — PEMBROKE, Bermuda (AP) — Fidelis Insurance Holdings Ltd. (FIHL) on Wednesday reported a loss of $42.5 million in its first quarter. On a per-share basis, the Pembroke, Bermuda-based company said it had a loss of 38 cents. Losses, adjusted for non-recurring gains, were 41 cents per share. The insurance and reinsurance company posted revenue of $658.4 million in the period. Its adjusted revenue was $652.5 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on FIHL at
