Fidelis Insurance Group Reports 2023 Fourth Quarter Results
Fidelis Insurance Holdings Limited (FIHL)
Company Research
Source: Business Wire
Fourth Quarter 2023 Highlights:Gross premiums written of $783.9 million; growth of 31.7% from the fourth quarter of 2022Combined ratio of 81.4%Annualized operating return on opening common equity (“Operating ROE”) of 25.2% and operating return on average common equity (“Operating ROAE”) of 23.6%Net income of $228.3 million, or $1.93 per diluted common share and operating net income of $135.4 million, or $1.15 per diluted common shareBook value per diluted common share was $20.69 at December 31, 2023, an increase of 13.4%, compared to September 30, 2023Full Year 2023 Highlights:Gross premiums written of $3.6 billion; growth of 18.6% from full year 2022Combined ratio of 82.1%; improvement of 9.8 points from full year 2022Operating net income of $398.9 million, or $3.49 per diluted common shareNet income of $2.1 billion, or $18.65 per diluted common shareOperating ROE of 22.2% and Operating ROAE of 18.8%IPO completed on the NYSE on July 3, 2023, raising $89.4 million in net proceeds thro
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News
- Fidelis Insurance Group Reports 2024 First Quarter ResultsBusiness Wire
- Fidelis Insurance Group Declares Quarterly DividendBusiness Wire
- Fidelis Insurance Holdings Limited (NYSE: FIHL) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $24.00 price target on the stock.MarketBeat
- Fidelis Insurance Holdings Limited (NYSE: FIHL) had its price target raised by analysts at Keefe, Bruyette & Woods from $22.00 to $24.00. They now have an "outperform" rating on the stock.MarketBeat
- Fidelis Insurance Holdings Limited (NYSE: FIHL) had its price target raised by analysts at JPMorgan Chase & Co. from $17.00 to $17.50. They now have a "neutral" rating on the stock.MarketBeat