Fidelis Reports Strong Growth and Share Buyback

Fidelis Insurance Holdings Ltd. (FIHL) has released an update.

Fidelis Insurance Holdings Ltd. delivered a robust financial performance in the second quarter of 2024, with a significant increase in gross premiums written by 24.7% to $1.2 billion and a solid net income of $53.7 million. The company also demonstrated strong capital management by repurchasing over 1.9 million shares for $33.7 million, highlighting its commitment to shareholder value. Amidst a favorable market, Fidelis is well-placed to leverage its market leadership in short-tail specialty lines and has announced a new share repurchase program of $200 million.

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