Fidelis Insurance reports Q3 EPS 88c, consensus 72c

Dan Burrows, Group Chief Executive Officer of Fidelis Insurance (FIHL) Group, commented, “The results of the third quarter once again demonstrate the strength of our business, the steps we have taken to optimize our risk-adjusted returns, and our disciplined approach to capital management. We delivered 25% growth in gross premiums written, a combined ratio of 87.4% and annualized Operating ROAE of 16.4%. In addition, given the strength of our capital position, we have continued to return excess capital to shareholders, including repurchases of $66.8 million of common shares, demonstrating our commitment to enhancing shareholder value.”