XML 29 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Gross premiums written $ 797.5 $ 741.9 $ 3,739.4 $ 3,449.4
Reinsurance premiums ceded (293.3) (274.0) (1,509.9) (1,533.5)
Net premiums written 504.2 467.9 2,229.5 1,915.9
Change in net unearned premiums 95.6 166.6 (488.7) (292.3)
Net premiums earned 599.8 634.5 1,740.8 1,623.6
Investment Income, Net 45.9 52.1 140.0 139.1
Net realized and unrealized investment gains/(losses) 6.2 (0.5) 18.8 (16.5)
Total revenues 651.9 686.1 1,899.6 1,746.2
Expenses        
Losses and loss adjustment expenses 180.7 237.8 906.6 642.8
Policy acquisition expenses (includes The Fidelis Partnership commissions of $87.1 and $236.1 (2024: $97.3 and $249.0)) 266.4 294.0 752.3 724.2
General and administrative expenses 27.2 22.7 71.5 70.7
Corporate and other expenses 0.0 0.0 1.2 1.6
Net foreign exchange losses 1.7 4.8 2.2 4.9
Financing costs 15.1 8.9 33.1 26.1
Total expenses 491.1 568.2 1,766.9 1,470.3
Income before income taxes 160.8 117.9 132.7 275.9
Income tax expense (30.3) (17.3) (25.0) (40.4)
Net income 130.5 100.6 107.7 235.5
Other comprehensive income        
Unrealized gains on available-for-sale investments 10.5 79.0 47.1 70.4
Reclassification of net realized losses/(gains) recognized in net income (1.3) 6.0 (2.9) 19.5
Income tax expense, all of which relates to unrealized gains on available-for-sale investments (1.8) (6.6) (8.6) (6.8)
Total other comprehensive income 7.4 78.4 35.6 83.1
Comprehensive income $ 137.9 $ 179.0 $ 143.3 $ 318.6
Per share data        
Earnings per common share (in dollars per share) $ 1.25 $ 0.88 $ 1.00 $ 2.02
Earnings per diluted common share (in dollars per share) $ 1.24 $ 0.88 $ 0.99 $ 2.02
Weighted average common shares outstanding (in shares) 104,370,380 114,445,447 108,156,265 116,390,461
Weighted average diluted common shares outstanding (in shares) 105,006,130 114,734,526 108,635,908 116,845,991