v3.26.3
Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Gross premiums written $ 839.8 $ 797.5 $ 3,977.0 $ 3,739.4
Reinsurance premiums ceded (247.5) (293.3) (1,435.2) (1,509.9)
Net premiums written 592.3 504.2 2,541.8 2,229.5
Change in net unearned premiums 191.4 95.6 (608.5) (488.7)
Net premiums earned 783.7 599.8 1,933.3 1,740.8
Net investment income 44.6 45.9 132.3 140.0
Net realized and unrealized investment gains/(losses) (27.4) 6.2 (4.1) 18.8
Total revenues 800.9 651.9 2,061.5 1,899.6
Expenses        
Losses and loss adjustment expenses 351.9 180.7 868.3 906.6
Policy acquisition expenses (includes The Fidelis Partnership commissions of $96.8 and $254.1 (2025: $87.1 and $236.1)) 335.3 266.4 831.0 752.3
General and administrative expenses 29.5 27.2 88.0 71.5
Corporate and other expenses 0.3 0.0 3.0 1.2
Net foreign exchange (gains)/losses (2.0) 1.7 2.0 2.2
Financing costs 12.5 15.1 39.8 33.1
Total expenses 727.5 491.1 1,832.1 1,766.9
Income before income taxes 73.4 160.8 229.4 132.7
Income tax expense (11.7) (30.3) (15.3) (25.0)
Net income 61.7 130.5 214.1 107.7
Other comprehensive income/(loss)        
Unrealized gains/(losses) on available-for-sale investments (62.6) 10.5 (100.1) 47.1
Reclassification of net realized losses/(gains) recognized in net income 2.7 (1.3) 3.4 (2.9)
Income tax (expense)/benefit, all of which relates to unrealized gains/(losses) on available-for-sale investments 11.0 (1.8) 18.0 (8.6)
Total other comprehensive income/(loss) (48.9) 7.4 (78.7) 35.6
Comprehensive income $ 12.8 $ 137.9 $ 135.4 $ 143.3
Per share data        
Earnings per common share (in USD per share) $ 0.75 $ 1.25 $ 2.48 $ 1.00
Earnings per diluted common share (in USD per share) $ 0.74 $ 1.24 $ 2.46 $ 0.99
Weighted average common shares outstanding (in shares) 81,899,656 104,370,380 86,384,660 108,156,265
Weighted average diluted common shares outstanding (in shares) 83,022,195 105,006,130 87,162,021 108,635,908