
	Three Months Ended September 30, 2026
	Insurance			Reinsurance			Other		Total
Gross premiums written	$	686.1		$	153.7		$	—	$	839.8
Net premiums written	520.5			71.8			—		592.3
Net premiums earned	634.0			149.7			—		783.7
Losses and loss adjustment expenses	(341.6)			(10.3)			—		(351.9)
Policy acquisition expenses	(193.8)			(44.7)			(96.8)		(335.3)
General and administrative expenses	—			—			(29.5)		(29.5)
Underwriting income	98.6			94.7					67.0
Net investment income									44.6
Net realized and unrealized investment losses									(27.4)

Corporate and other expenses									(0.3)
Net foreign exchange gains									2.0
Financing costs									(12.5)
Income before income taxes									73.4
Income tax expense									(11.7)
Net income									$	61.7



Losses and loss adjustment expenses incurred - current year	(325.8)			(21.4)					$	(347.2)
Losses and loss adjustment expenses incurred - prior accident years	(15.8)			11.1					(4.7)
Losses and loss adjustment expenses incurred - total	$	(341.6)		$	(10.3)				$	(351.9)

Underwriting Ratios(1)
Loss ratio - current year	51.4		%	14.3		%			44.3		%
Loss ratio - prior accident years	2.5		%	(7.4		%)			0.6		%
Loss ratio - total	53.9		%	6.9		%			44.9		%
Policy acquisition expense ratio	30.6		%	29.9		%			30.4		%
Underwriting ratio	84.5		%	36.8		%			75.3		%
The Fidelis Partnership commissions ratio									12.4		%
General and administrative expense ratio									3.8		%
Combined ratio									91.5		%

_________________


	Three Months Ended September 30, 2025
	Insurance			Reinsurance			Other		Total
Gross premiums written	$	605.8		$	191.7		$	—	$	797.5
Net premiums written	388.5			115.7			—		504.2
Net premiums earned	456.5			143.3			—		599.8
Losses and loss adjustment expenses	(177.0)			(3.7)			—		(180.7)
Policy acquisition expenses	(137.2)			(42.1)			(87.1)		(266.4)
General and administrative expenses	—			—			(27.2)		(27.2)
Underwriting income	142.3			97.5					125.5
Net investment income									45.9
Net realized and unrealized investment gains									6.2


Net foreign exchange losses									(1.7)
Financing costs									(15.1)
Income before income taxes									160.8
Income tax expense									(30.3)
Net income									$	130.5



Losses and loss adjustment expenses incurred - current year	(179.7)			(17.0)					$	(196.7)
Losses and loss adjustment expenses incurred - prior accident years	2.7			13.3					16.0
Losses and loss adjustment expenses incurred - total	$	(177.0)		$	(3.7)				$	(180.7)

Underwriting Ratios(1)
Loss ratio - current year	39.4		%	11.9		%			32.8		%
Loss ratio - prior accident years	(0.6		%)	(9.3		%)			(2.7		%)
Loss ratio - total	38.8		%	2.6		%			30.1		%
Policy acquisition expense ratio	30.1		%	29.4		%			29.9		%
Underwriting ratio	68.9		%	32.0		%			60.0		%
The Fidelis Partnership commissions ratio									14.5		%
General and administrative expense ratio									4.5		%
Combined ratio									79.0		%


	Nine Months Ended September 30, 2026
	Insurance			Reinsurance			Other		Total
Gross premiums written	$	3,035.7		$	941.3		$	—	$	3,977.0
Net premiums written	2,068.0			473.8			—		2,541.8
Net premiums earned	1,663.6			269.7			—		1,933.3
Losses and loss adjustment expenses	(870.6)			2.3			—		(868.3)
Policy acquisition expenses	(496.9)			(80.0)			(254.1)		(831.0)
General and administrative expenses	—			—			(88.0)		(88.0)
Underwriting income	296.1			192.0					146.0
Net investment income									132.3
Net realized and unrealized investment losses									(4.1)

Corporate and other expenses									(3.0)
Net foreign exchange losses									(2.0)
Financing costs									(39.8)
Income before income taxes									229.4
Income tax expense									(15.3)
Net income									$	214.1



Losses and loss adjustment expenses incurred - current year	(860.3)			(39.1)					$	(899.4)
Losses and loss adjustment expenses incurred - prior accident years	(10.3)			41.4					31.1
Losses and loss adjustment expenses incurred - total	$	(870.6)		$	2.3				$	(868.3)

Underwriting Ratios(1)
Loss ratio - current year	51.7		%	14.5		%			46.5		%
Loss ratio - prior accident years	0.6		%	(15.4		%)			(1.6		%)
Loss ratio - total	52.3		%	(0.9		%)			44.9		%
Policy acquisition expense ratio	29.9		%	29.7		%			29.8		%
Underwriting ratio	82.2		%	28.8		%			74.7		%
The Fidelis Partnership commissions ratio									13.1		%
General and administrative expense ratio									4.6		%
Combined ratio									92.4		%


	Nine Months Ended September 30, 2025
	Insurance			Reinsurance			Other		Total
Gross premiums written	$	2,775.1		$	964.3		$	—	$	3,739.4
Net premiums written	1,743.6			485.9			—		2,229.5
Net premiums earned	1,427.3			313.5			—		1,740.8
Losses and loss adjustment expenses	(750.2)			(156.4)			—		(906.6)
Policy acquisition expenses	(434.3)			(81.9)			(236.1)		(752.3)
General and administrative expenses	—			—			(71.5)		(71.5)
Underwriting income	242.8			75.2					10.4
Net investment income									140.0
Net realized and unrealized investment gains									18.8

Corporate and other expenses									(1.2)
Net foreign exchange losses									(2.2)
Financing costs									(33.1)
Income before income taxes									132.7
Income tax expense									(25.0)
Net income									$	107.7



Losses and loss adjustment expenses incurred - current year	(647.0)			(227.2)					$	(874.2)
Losses and loss adjustment expenses incurred - prior accident years	(103.2)			70.8					(32.4)
Losses and loss adjustment expenses incurred - total	$	(750.2)		$	(156.4)				$	(906.6)

Underwriting Ratios(1)
Loss ratio - current year	45.4		%	72.5		%			50.2		%
Loss ratio - prior accident years	7.2		%	(22.6		%)			1.9		%
Loss ratio - total	52.6		%	49.9		%			52.1		%
Policy acquisition expense ratio	30.4		%	26.1		%			29.7		%
Underwriting ratio	83.0		%	76.0		%			81.8		%
The Fidelis Partnership commissions ratio									13.6		%
General and administrative expense ratio									4.1		%
Combined ratio									99.5		%