Fidelis Insurance Group nets $130.5m in third quarter
Fidelis Insurance Group has reported net income of $130.5 million, or $1.24 per diluted common share, and operating net income of $126.8 million, or $1.21 per diluted common share, for the 2025 third quarter.
Gross premiums written were $797.5 million, about 7.5 per cent higher than for the third quarter of 2024.
Combined ratio improved to 79.0 per cent, compared with 87.4 per cent for the three months in the same period last year.
Dan Burrows, group chief executive of Fidelis Insurance Group, commented: “We delivered outstanding results in the third quarter, with our 79.0 per cent combined ratio representing our best quarterly performance as a publicly traded company and an excellent annualised operating return on average equity of 21.4 per cent.
“We grew gross premiums written by 8 per cent, reinforcing our confidence in our target range of 6-10 per cent for the full-year.
“In a prevailing hard market, we remain well positioned for growth and value creation given our differentiated positioning and diverse risk access, particularly as we continue to expand our network of underwriting partnerships.
“Across our portfolio, we are focused on margin and exercising strong discipline with respect to rate, terms and conditions as we see signs of rate pressure in certain pockets.
“Looking ahead, we are focused on providing solutions for our clients in an evolving risk landscape.
“Our strong capital position enables us to successfully balance growth with returning excess capital to shareholders, and we continue to see share repurchases as a highly accretive use of capital.”
• For more on Fidelis Insurance Group Q3 results, see Related Media
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