
	Three Months Ended June 30, 2026
	Insurance			Reinsurance			Other		Total
Gross premiums written	$	913.5		$	383.3		$	—	$	1,296.8
Net premiums written	543.5			225.7			—		769.2
Net premiums earned	514.7			66.4			—		581.1
Losses and loss adjustment expenses	(301.2)			8.6			—		(292.6)
Policy acquisition expenses	(163.9)			(22.0)			(70.5)		(256.4)
General and administrative expenses	—			—			(29.3)		(29.3)
Underwriting income	49.6			53.0					2.8
Net investment income									44.0
Net realized and unrealized investment gains									24.9

Corporate and other expenses									(2.3)
Net foreign exchange losses									(3.9)
Financing costs									(12.6)
Income before income taxes									52.9
Income tax expense									(8.5)
Net income									$	44.4



Losses and loss adjustment expenses incurred - current year	(321.9)			(3.4)					$	(325.3)
Losses and loss adjustment expenses incurred - prior accident years	20.7			12.0					32.7
Losses and loss adjustment expenses incurred - total	$	(301.2)		$	8.6				$	(292.6)

Underwriting Ratios(1)
Loss ratio - current year	62.5		%	5.1		%			56.0		%
Loss ratio - prior accident years	(4.0		%)	(18.1		%)			(5.6		%)
Loss ratio - total	58.5		%	(13.0		%)			50.4		%
Policy acquisition expense ratio	31.8		%	33.1		%			32.0		%
Underwriting ratio	90.3		%	20.1		%			82.4		%
The Fidelis Partnership commissions ratio									12.1		%
General and administrative expense ratio									5.0		%
Combined ratio									99.5		%

_________________


	Three Months Ended June 30, 2025
	Insurance			Reinsurance			Other		Total
Gross premiums written	$	902.3		$	316.7		$	—	$	1,219.0
Net premiums written	546.2			152.7			—		698.9
Net premiums earned	458.9			79.1			—		538.0
Losses and loss adjustment expenses	(291.8)			(4.9)			—		(296.7)
Policy acquisition expenses	(148.9)			(20.1)			(70.6)		(239.6)
General and administrative expenses	—			—			(22.3)		(22.3)
Underwriting income/(loss)	18.2			54.1					(20.6)
Net investment income									44.6
Net realized and unrealized investment gains									6.7

Corporate and other expenses									(1.2)
Net foreign exchange gains									2.0
Financing costs									(9.3)
Income before income taxes									22.2
Income tax expense									(2.5)
Net income									$	19.7



Losses and loss adjustment expenses incurred - current year	(178.4)			(29.1)					$	(207.5)
Losses and loss adjustment expenses incurred - prior accident years	(113.4)			24.2					(89.2)
Losses and loss adjustment expenses incurred - total	$	(291.8)		$	(4.9)				$	(296.7)

Underwriting Ratios(1)
Loss ratio - current year	38.9		%	36.8		%			38.5		%
Loss ratio - prior accident years	24.7		%	(30.6		%)			16.6		%
Loss ratio - total	63.6		%	6.2		%			55.1		%
Policy acquisition expense ratio	32.4		%	25.4		%			31.4		%
Underwriting ratio	96.0		%	31.6		%			86.5		%
The Fidelis Partnership commissions ratio									13.1		%
General and administrative expense ratio									4.1		%
Combined ratio									103.7		%


	Six Months Ended June 30, 2026
	Insurance			Reinsurance			Other		Total
Gross premiums written	$	2,349.6		$	787.6		$	—	$	3,137.2
Net premiums written	1,547.5			402.0			—		1,949.5
Net premiums earned	1,029.6			120.0			—		1,149.6
Losses and loss adjustment expenses	(529.0)			12.6			—		(516.4)
Policy acquisition expenses	(303.1)			(35.3)			(157.3)		(495.7)
General and administrative expenses	—			—			(58.5)		(58.5)
Underwriting income	197.5			97.3					79.0
Net investment income									87.7
Net realized and unrealized investment gains									23.3

Corporate and other expenses									(2.7)
Net foreign exchange losses									(4.0)
Financing costs									(27.3)
Income before income taxes									156.0
Income tax expense									(3.6)
Net income									$	152.4



Losses and loss adjustment expenses incurred - current year	(534.5)			(17.7)					$	(552.2)
Losses and loss adjustment expenses incurred - prior accident years	5.5			30.3					35.8
Losses and loss adjustment expenses incurred - total	$	(529.0)		$	12.6				$	(516.4)

Underwriting Ratios(1)
Loss ratio - current year	51.9		%	14.8		%			48.0		%
Loss ratio - prior accident years	(0.5		%)	(25.3		%)			(3.1		%)
Loss ratio - total	51.4		%	(10.5		%)			44.9		%
Policy acquisition expense ratio	29.4		%	29.4		%			29.4		%
Underwriting ratio	80.8		%	18.9		%			74.3		%
The Fidelis Partnership commissions ratio									13.7		%
General and administrative expense ratio									5.1		%
Combined ratio									93.1		%


	Six Months Ended June 30, 2025
	Insurance			Reinsurance			Other		Total
Gross premiums written	$	2,169.3		$	772.6		$	—	$	2,941.9
Net premiums written	1,355.1			370.2			—		1,725.3
Net premiums earned	970.8			170.2			—		1,141.0
Losses and loss adjustment expenses	(573.2)			(152.7)			—		(725.9)
Policy acquisition expenses	(297.1)			(39.8)			(149.0)		(485.9)
General and administrative expenses	—			—			(44.3)		(44.3)
Underwriting income/(loss)	100.5			(22.3)					(115.1)
Net investment income									94.1
Net realized and unrealized investment gains									12.6

Corporate and other expenses									(1.2)
Net foreign exchange losses									(0.5)
Financing costs									(18.0)
Loss before income taxes									(28.1)
Income tax benefit									5.3
Net loss									$	(22.8)



Losses and loss adjustment expenses incurred - current year	(467.3)			(210.2)					$	(677.5)
Losses and loss adjustment expenses incurred - prior accident years	(105.9)			57.5					(48.4)
Losses and loss adjustment expenses incurred - total	$	(573.2)		$	(152.7)				$	(725.9)

Underwriting Ratios(1)
Loss ratio - current year	48.1		%	123.5		%			59.4		%
Loss ratio - prior accident years	10.9		%	(33.8		%)			4.2		%
Loss ratio - total	59.0		%	89.7		%			63.6		%
Policy acquisition expense ratio	30.6		%	23.4		%			29.5		%
Underwriting ratio	89.6		%	113.1		%			93.1		%
The Fidelis Partnership commissions ratio									13.1		%
General and administrative expense ratio									3.9		%
Combined ratio									110.1		%