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Fidelis Insurance Holdings Ltd. (FIHL)
NYSE:FIHL
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.81Last Year’s EPS
$1.15Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -2.29%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with significant top-line growth and a robust pricing environment, contributing to profitable underwriting and high returns on equity. However, challenges such as adverse development in the aviation sector and significant catastrophe losses were noted. Despite these, the company's strategic partnerships and capital management initiatives provide a positive outlook.Company Guidance
During the third quarter of 2024, Fidelis Insurance Group reported a 25% increase in gross premiums written, totaling $742 million, driven by strategic execution and a strong market position. The company maintained a robust combined ratio of 87.4%, contributing to an annualized operating return on average equity (ROAE) of 16.4%. Specialty and Reinsurance segments saw significant growth, with RPIs of 114% and 105%, respectively. Despite challenges from natural catastrophes, including losses from Hurricane Helene and European Storm Boris, Fidelis reported $105 million in operating net income. The company repurchased $141 million in shares year-to-date, reflecting a strong capital management strategy. Looking ahead, Fidelis remains optimistic about leveraging market opportunities and sustaining growth, with a preliminary estimate of $50 million to $100 million in losses from Hurricane Milton.Strong Top-Line Growth
Gross premiums written increased by 25% in Q3 and by 23% year-to-date. Specialty segment increased by 22%, Bespoke by 15%, and Reinsurance by 52%.
Positive Rating Environment
Overall RPI of 112% for the quarter, with Specialty segment RPIs at 114%, indicating a strong pricing environment.
Profitable Underwriting
Combined ratio of 87.4% for the quarter and 88.6% year-to-date, indicating profitable underwriting within target range.
Robust Capital Management
Returned $141 million to shareholders through dividends and buybacks since the beginning of the year.
High Operating Return on Average Equity
Annualized operating ROAE of 16.4% for the quarter and 13.3% year-to-date.
New Strategic Partnership
Announced partnership with Euclid Mortgage, expected to produce $35 million of gross premiums written in 2025.
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FIHL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FIHL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $18.37 | $19.83 | +7.95% |
| Aug 14, 2024 | $17.83 | $17.78 | -0.28% |
| May 09, 2024 | $18.99 | $18.17 | -4.32% |
| Feb 29, 2024 | $14.63 | $16.54 | +13.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fidelis Insurance Holdings Ltd. (FIHL) report earnings?
Fidelis Insurance Holdings Ltd. (FIHL) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Fidelis Insurance Holdings Ltd. (FIHL) earnings time?
Fidelis Insurance Holdings Ltd. (FIHL) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FIHL EPS forecast?
FIHL EPS forecast for the fiscal quarter 2024 (Q4) is $0.81.
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