Fidelis Insurance Holdings Ltd · Q3 2025 earnings

Briefing

Combined ratio hits record 79.0% as Q3 net income reaches $130.5M

Fidelis Insurance Group reported Q3 2025 results for the three months ended September 30, 2025, with gross premiums written of $797.5 million, up 7.5% year over year, and a combined ratio of 79.0%—its best quarterly result as a public company. Net income was $130.5 million ($1.24 diluted EPS) and operating net income was $126.8 million ($1.21 operating EPS). Annualized operating ROAE was 21.4%. Insurance segment gross premiums written rose to $605.8 million while the Reinsurance segment contributed $191.7 million. The company returned $47.3 million to common shareholders via repurchases and dividends in the quarter. Catastrophe and large losses were $57.4 million, down from $91.6 million a year ago, and net favorable prior-year reserve development was $16.0 million.

• Gross premiums written were $797.5M (+7.5% YoY) with combined ratio improving to 79.0% from 87.4%
• Q3 net income was $130.5M ($1.24 EPS); operating net income was $126.8M ($1.21 operating EPS)
• Annualized operating ROAE reached 21.4%; book value per diluted share was $23.29 (+6.9% YTD)
• Returned $47.3M to shareholders in Q3 through $31.9M of buybacks and $15.4M of dividends
• Cat and large losses fell to $57.4M from $91.6M; net favorable prior-year development was $16.0M

Headline financials

Revenue & EPS history