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Segments (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Group Segment Disclosures
The following tables summarize the Group's segment disclosures:
Three Months Ended September 30, 2025
InsuranceReinsuranceOtherTotal
Gross premiums written$605.8 $191.7 $— $797.5 
Net premiums written388.5 115.7 — 504.2 
Net premiums earned456.5 143.3 — 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 income142.3 97.5 125.5 
Net investment income45.9 
Net realized and unrealized investment gains6.2 
Net foreign exchange losses(1.7)
Financing costs(15.1)
Income before income taxes160.8 
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 year39.4%11.9%32.8%
Loss ratio - prior accident years(0.6%)(9.3%)(2.7%)
Loss ratio - total38.8%2.6%30.1%
Policy acquisition expense ratio30.1%29.4%29.9%
Underwriting ratio68.9%32.0%60.0%
The Fidelis Partnership commissions ratio14.5%
General and administrative expense ratio4.5%
Combined ratio79.0%
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(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.
Three Months Ended September 30, 2024
InsuranceReinsuranceOtherTotal
Gross premiums written$582.5 $159.4 $— $741.9 
Net premiums written392.8 75.1 — 467.9 
Net premiums earned475.9 158.6 — 634.5 
Losses and loss adjustment expenses(201.7)(36.1)— (237.8)
Policy acquisition expenses(159.5)(37.2)(97.3)(294.0)
General and administrative expenses— — (22.7)(22.7)
Underwriting income114.7 85.3 80.0 
Net investment income52.1 
Net realized and unrealized investment losses(0.5)
Net foreign exchange losses(4.8)
Financing costs(8.9)
Income before income taxes117.9 
Income tax expense(17.3)
Net income$100.6 
Losses and loss adjustment expenses incurred - current year
(198.8)(49.1)$(247.9)
Losses and loss adjustment expenses incurred - prior accident years
(2.9)13.0 10.1 
Losses and loss adjustment expenses incurred - total
$(201.7)$(36.1)$(237.8)
Underwriting Ratios(1)
Loss ratio - current year41.8%31.0%39.1%
Loss ratio - prior accident years0.6%(8.2%)(1.6%)
Loss ratio - total42.4%22.8%37.5%
Policy acquisition expense ratio33.5%23.5%31.0%
Underwriting ratio75.9%46.3%68.5%
The Fidelis Partnership commissions ratio15.3%
General and administrative expense ratio3.6%
Combined ratio87.4%
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(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.
Nine Months Ended September 30, 2025
InsuranceReinsuranceOtherTotal
Gross premiums written$2,775.1 $964.3 $— $3,739.4 
Net premiums written1,743.6 485.9 — 2,229.5 
Net premiums earned1,427.3 313.5 — 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 income242.8 75.2 10.4 
Net investment income140.0 
Net realized and unrealized investment gains18.8 
Corporate and other expenses(1.2)
Net foreign exchange losses(2.2)
Financing costs(33.1)
Income before income taxes132.7 
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 year45.4%72.5%50.2%
Loss ratio - prior accident years7.2%(22.6%)1.9%
Loss ratio - total52.6%49.9%52.1%
Policy acquisition expense ratio30.4%26.1%29.7%
Underwriting ratio83.0%76.0%81.8%
The Fidelis Partnership commissions ratio13.6%
General and administrative expense ratio4.1%
Combined ratio99.5%
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(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.
Nine Months Ended September 30, 2024
InsuranceReinsuranceOtherTotal
Gross premiums written$2,616.6 $832.8 $— $3,449.4 
Net premiums written1,525.4 390.5 — 1,915.9 
Net premiums earned1,359.5 264.1 — 1,623.6 
Losses and loss adjustment expenses(621.4)(21.4)— (642.8)
Policy acquisition expenses(414.1)(61.1)(249.0)(724.2)
General and administrative expenses— — (70.7)(70.7)
Underwriting income324.0 181.6 185.9 
Net investment income139.1 
Net realized and unrealized investment losses(16.5)
Corporate and other expenses(1.6)
Net foreign exchange losses(4.9)
Financing costs(26.1)
Income before income taxes275.9 
Income tax expense(40.4)
Net income$235.5 
Losses and loss adjustment expenses incurred - current year
(718.1)(70.4)$(788.5)
Losses and loss adjustment expenses incurred - prior accident years
96.7 49.0 145.7 
Losses and loss adjustment expenses incurred - total
$(621.4)$(21.4)$(642.8)
Underwriting Ratios(1)
Loss ratio - current year52.8%26.7%48.6%
Loss ratio - prior accident years(7.1%)(18.6%)(9.0%)
Loss ratio - total45.7%8.1%39.6%
Policy acquisition expense ratio30.5%23.1%29.3%
Underwriting ratio76.2%31.2%68.9%
The Fidelis Partnership commissions ratio15.3%
General and administrative expense ratio4.4%
Combined ratio88.6%
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(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.