Fidelis Insurance Holdings Limited

FIHL

Financial ServicesSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

Fidelis Insurance Holdings Limited provides insurance and reinsurance solutions in Bermuda, the Republic of Ireland, and the United Kingdom. It operates in two segments: Insurance and Reinsurance. The Insurance segment offers property, marine, asset backed finance and portfolio credit, aviation and aerospace, political risk, violence and terror, energy, cyber, and other insurance risks products. The Reinsurance segment provides property, retrocession, and whole account reinsurance solutions. Fidelis Insurance Holdings Limited was incorporated in 2014 and is headquartered in Pembroke, Bermuda.

Valuation

Market Cap$1.8B

Current Price$22.94as of Jun 18, 2026

P/E Ratio7.93

P/B Ratio0.74

EV / EBITDA-

EV / Sales0.81

Profitability

Operating Margin14.9%

Net Profit Margin10.4%

EBITDA Margin-

Returns

ROE9.4%

ROCE10.0%

ROIC %11.2%

ROA1.8%

Solvency

Current Ratio-

Debt / Equity0.35

Debt / Assets0.07

CFO / Net Profit-1.81

Price History▲ 42.04% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

No margin data.

Growth Summary

Latest fiscal year: 2025

Revenue$2.2B▲ 2.9%

EBITDA-

Net Profit$226M▲ 99.0%

Cash from Ops (CFO)$-408M▼ 166.0%

Free Cash Flow (FCF)$-410M▼ 166.7%

Revenue CAGR 3Y12.7%

Revenue CAGR 5Y-

Net Profit CAGR 3Y62.5%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$2.2B	-	$226M	$-410M	9.4%	2.9%	99.0%
2024	$2.1B	-	$113M	$614M	4.6%	-37.3%	-94.7%
2023	$3.4B	-	$2.1B	$489M	87.0%	122.1%	3954.2%
2022	$1.5B	-	$53M	$723M	2.7%	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	1,516.20	3,366.80	2,110.50	2,172.20
Operating Revenue	-	1,516.20	3,366.80	2,110.50	2,172.20
Selling General And Administration	-	165.50	82.70	94.30	96.60
Total Expenses	-	1,436.10	1,319.60	1,974.10	1,896.60
EBIT	-	115.60	2,082.70	170.20	323.30
Interest Income	-	44	123.50	195.80	192.60
Interest Expense	-	35.50	35.50	33.80	47.70
Net Interest Income	-	-35.50	-35.50	-33.80	-47.70
Other Income Expense	1	1.90	1,639.20	-	-
Interest Expense Non Operating	-	35.50	35.50	33.80	47.70
Net Non Operating Interest Income Expense	-	-35.50	-35.50	-33.80	-47.70
Pretax Income	-	80.10	2,047.20	136.40	275.60
Tax Provision	-	17.80	-85.30	23.10	50.10
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	0	0	0	0
Net Income Continuous Operations	-	62.30	2,132.50	113.30	225.50
Net Income From Continuing And Discontinued Operation	-	52.60	2,132.50	113.30	225.50
Net Income From Continuing Operation Net Minority Interest	-	52.60	2,132.50	113.30	225.50
Net Income	-	52.60	2,132.50	113.30	225.50
Net Income Common Stockholders	-	52.60	2,132.50	113.30	225.50
Net Income Including Noncontrolling Interests	-	62.30	2,132.50	113.30	225.50
Normalized Income	-	52.60	2,132.50	113.30	225.50
Diluted NI Availto Com Stockholders	-	52.60	2,132.50	113.30	225.50
Basic Average Shares	-	194.29	114.31	115.22	106.16
Diluted Average Shares	-	199.32	114.32	115.63	106.74
Reconciled Depreciation	-	3.90	0.30	-14	-19.20
Total Unusual Items	0	1,638.10	-	-	-
Total Unusual Items Excluding Goodwill	0	1,638.10	-	-	-
Minority Interests	-10	-9.70	0	0	-
Special Income Charges	0	1,638.10	-	-	-
Restructuring And Mergern Acquisition	-	-1,638.10	-	-	-
General And Administrative Expense	-	165.50	82.70	94.30	96.60
Other Gand A	-	165.50	82.70	94.30	96.60
Other Operating Expenses	-	20.50	4.10	1.60	1.20
Loss Adjustment Expense	-	830.20	698.80	1,155.80	1,089.80
Net Policyholder Benefits And Claims	-	830.20	698.80	1,155.80	1,089.80
Policyholder Benefits Gross	-	1,351.60	1,214.10	1,786.50	2,256.20
Policyholder Benefits Ceded	-	521.40	515.30	630.70	1,166.40

Peer Comparison

Financial Services sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Fidelis Insurance Holdings Limitedthis co.	FIHL	$1.8B	7.93↓ discount	0.74	9.4%	-
Horace Mann Educators Corporation	HMN	$1.8B	11.35	1.24	10.9%	-
Slide Insurance Holdings, Inc.	SLDE	$1.8B	4.14	1.65	39.9%	-
Patria Investments Limited	PAX	$1.8B	21.43	3.00	14.0%	12.81
1st Source Corporation

Learn while you research

Hand-picked academy chapters to deepen your understanding of Fidelis Insurance Holdings Limited and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Value Investing

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$2.2B

$226M

$-410M

9.4%

2.9%

99.0%

2024

$2.1B

$113M

$614M

4.6%

-37.3%

-94.7%

2023

$3.4B

$2.1B

$489M

87.0%

122.1%

3954.2%

2022

$1.5B

$53M

$723M

2.7%

Metric

2021

2022

2023

2024

2025

Total Revenue

1,516.20

3,366.80

2,110.50

2,172.20

Operating Revenue

1,516.20

3,366.80

2,110.50

2,172.20

Selling General And Administration

165.50

82.70

94.30

96.60

Total Expenses

1,436.10

1,319.60

1,974.10

1,896.60

EBIT

115.60

2,082.70

170.20

323.30

Interest Income

123.50

195.80

192.60

Interest Expense

35.50

33.80

47.70

Net Interest Income

-35.50

-33.80

-47.70

Other Income Expense

1.90

1,639.20

Interest Expense Non Operating

35.50

33.80

47.70

Net Non Operating Interest Income Expense

-35.50

-33.80

-47.70

Pretax Income

80.10

2,047.20

136.40

275.60

Tax Provision

17.80

-85.30

23.10

50.10

Tax Rate For Calcs

Tax Effect Of Unusual Items

Net Income Continuous Operations

62.30

2,132.50

113.30

225.50

Net Income From Continuing And Discontinued Operation

52.60

2,132.50

113.30

225.50

Net Income From Continuing Operation Net Minority Interest

52.60

2,132.50

113.30

225.50

Net Income

52.60

2,132.50

113.30

225.50

Net Income Common Stockholders

52.60

2,132.50

113.30

225.50

Net Income Including Noncontrolling Interests

62.30

2,132.50

113.30

225.50

Normalized Income

52.60

2,132.50

113.30

225.50

Diluted NI Availto Com Stockholders

52.60

2,132.50

113.30

225.50

Basic Average Shares

194.29

114.31

115.22

106.16

Diluted Average Shares

199.32

114.32

115.63

106.74

Reconciled Depreciation

3.90

0.30

-14

-19.20

Total Unusual Items

1,638.10

Total Unusual Items Excluding Goodwill

1,638.10

Minority Interests

-10

-9.70

Special Income Charges

1,638.10

Restructuring And Mergern Acquisition

-1,638.10

General And Administrative Expense

165.50

82.70

94.30

96.60

Other Gand A

165.50

82.70

94.30

96.60

Other Operating Expenses

20.50

4.10

1.60

1.20

Loss Adjustment Expense

830.20

698.80

1,155.80

1,089.80

Net Policyholder Benefits And Claims

830.20

698.80

1,155.80

1,089.80

Policyholder Benefits Gross

1,351.60

1,214.10

1,786.50

2,256.20

Policyholder Benefits Ceded

521.40

515.30

630.70

1,166.40

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Fidelis Insurance Holdings Limitedthis co.

FIHL

$1.8B

7.93↓ discount

0.74

9.4%

Horace Mann Educators Corporation

HMN

$1.8B

11.35

1.24

10.9%

Slide Insurance Holdings, Inc.

SLDE

$1.8B

4.14

1.65

39.9%

Patria Investments Limited

PAX

$1.8B

21.43

3.00

14.0%

12.81

1st Source Corporation

Fidelis Insurance Holdings Limited

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Fidelis Insurance Holdings Limited

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on