Financial Snapshot

Revenue
$2.288B
TTM
Gross Margin
Net Earnings
$463.8M
TTM
Current Assets
Current Liabilities
$410.7M
Q3 2024
Current Ratio
Total Assets
$11.69B
Q3 2024
Total Liabilities
$9.053B
Q3 2024
Book Value
$2.632B
Q3 2024
Cash
$806.8M
Q3 2024
P/E
5.101
Nov 29, 2024 EST
Free Cash Flow
$681.0M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $3.596B $1.520B $1.189B $782.6M
YoY Change 136.53% 27.84% 51.97%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $3.596B $1.520B $1.189B $782.6M
Cost Of Revenue $698.8M $830.2M $696.8M
Gross Profit $2.897B $690.2M $492.5M
Gross Profit Margin 80.57% 45.4% 41.41%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $86.80M $126.9M $78.10M $102.2M
YoY Change -31.6% 62.48% -23.58%
% of Gross Profit 3.0% 18.39% 15.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $300.0K $3.900M $4.500M $2.600M
YoY Change -92.31% -13.33% 73.08%
% of Gross Profit 0.01% 0.57% 0.91%
Operating Expenses $1.510B $957.1M $774.9M $426.7M
YoY Change 57.73% 23.51% 81.6%
Operating Profit $1.388B -$266.9M -$282.4M
YoY Change -619.97% -5.49%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense -$35.90M -$35.50M -$35.80M -$27.90M
YoY Change 1.13% -0.84% 28.32%
% of Operating Profit -2.59%
Other Income/Expense, Net $4.100M $20.50M $0.00 -$25.30M
YoY Change -80.0% -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income $2.047B $527.8M $378.6M $302.7M
YoY Change 287.87% 39.41% 25.07%
Income Tax -$85.30M $17.80M $400.0K -$3.100M
% Of Pretax Income -4.17% 3.37% 0.11% -1.02%
Net Earnings $2.133B $500.3M $368.2M $305.7M
YoY Change 326.24% 35.88% 20.44%
Net Earnings / Revenue 59.3% 32.91% 30.96% 39.06%
Basic Earnings Per Share $18.65 $0.27 $0.35
Diluted Earnings Per Share $18.65 $4.29 $3.16 $2.62

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $712.4M $1.222B $325.1M $967.2M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $7.300M $26.80M $29.90M $9.800M
YoY Change -72.76% -10.37% 205.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.341B $2.427B $2.783B $1.753B
YoY Change 37.68% -12.8% 58.75%
Other Assets $251.7M $244.4M $191.2M $283.9M
YoY Change 2.99% 27.82% -32.65%
Total Long-Term Assets
YoY Change
Total Assets $10.03B $8.313B $7.053B $5.321B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $8.000M $28.50M $31.40M $10.50M
YoY Change -71.93% -9.24% 199.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $342.5M $28.50M $31.40M $10.50M
YoY Change 1101.75% -9.24% 199.05%
Long-Term Debt $506.6M $447.5M $446.9M $446.0M
YoY Change 13.21% 0.13% 0.2%
Other Long-Term Liabilities $59.30M $128.6M $107.6M $156.6M
YoY Change -53.89% 19.52% -31.29%
Total Long-Term Liabilities $565.9M $576.1M $554.5M $602.6M
YoY Change -1.77% 3.9% -7.98%
Total Liabilities $7.578B $6.336B $5.039B $3.345B
YoY Change 19.61% 25.73% 50.67%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 114.3M shares 194.3M shares 195.5M shares
Diluted Shares Outstanding 114.3M shares 199.3M shares 200.4M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $2.366 Billion

About Fidelis Insurance Holdings Ltd

Fidelis Insurance Holdings Ltd. provides specialty insurance and reinsurance products for property, energy, marine, and aviation risk classes. The firm is a holding company. Through its subsidiaries, it provides specialty, bespoke, and property insurance and reinsurance. The firm classifies its business into three segments: Specialty, Bespoke, and Reinsurance. The Specialty segment comprises a portfolio of aviation and aerospace, energy, marine, property, property direct and facultative (D&F) business, and other specialty risks. The Bespoke segment provides customized risk solutions for clients, which include credit and political risk, and other bespoke risk transfer opportunities. The Reinsurance segment is primarily a residential property catastrophe book, which includes property reinsurance, retrocession, and whole account reinsurance. The subsidiaries of the Company are Fidelis Insurance Bermuda Limited (FIBL), Fidelis Underwriting Limited (FUL), Fidelis Insurance Ireland DAC (FIID), and FIHL (UK) Services Limited (FSL).

Industry: Fire, Marine & Casualty Insurance Peers: ASSURED GUARANTY LTD ARCH CAPITAL GROUP LTD. Argo Group International Holdings, Inc. AXIS CAPITAL HOLDINGS LTD Hamilton Insurance Group, Ltd. James River Group Holdings, Ltd.