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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Gross premiums written $ 4,717.6 $ 4,403.1 $ 3,579.0
Reinsurance premiums ceded (1,709.0) (2,008.5) (1,442.4)
Net premiums written 3,008.6 2,394.6 2,136.6
Change in net unearned premiums (714.9) (136.5) (304.0)
Net premiums earned 2,293.7 2,258.1 1,832.6
Net investment income 184.0 190.5 119.5
Net realized and unrealized investment gains/(losses) 22.8 (28.6) 4.9
Other income 0.0 0.0 0.1
Total revenues before net gain on distribution of The Fidelis Partnership 2,500.5 2,420.0 1,957.1
Net gain on distribution of The Fidelis Partnership 0.0 0.0 1,639.1
Total revenues 2,500.5 2,420.0 3,596.2
Expenses      
Losses and loss adjustment expenses 1,089.8 1,155.8 698.8
Policy acquisition expenses (includes The Fidelis Partnership commissions of $328.8 (2024: $311.1 and 2023: $225.3)) 990.1 999.7 723.8
General and administrative expenses 96.6 94.3 82.7
Corporate and other expenses 1.2 1.6 4.1
Net foreign exchange (gains)/losses (0.5) (1.6) 4.1
Financing costs 47.7 33.8 35.5
Total expenses 2,224.9 2,283.6 1,549.0
Income before income taxes 275.6 136.4 2,047.2
Income tax (expense)/benefit (50.1) (23.1) 85.3
Net income 225.5 113.3 2,132.5
Other comprehensive income      
Unrealized gains on available-for-sale investments 46.4 9.6 81.7
Reclassification of net realized losses/(gains) recognized in net income (4.6) 24.7 0.7
Income tax expense, all of which relates to unrealized gains on available-for-sale investments (9.2) (2.8) (9.7)
Total other comprehensive income 32.6 31.5 72.7
Comprehensive income attributable to common shareholders $ 258.1 $ 144.8 $ 2,205.2
Per share data      
Earnings per common share (in dollars per share) $ 2.12 $ 0.98 $ 18.65
Earnings per diluted common share (in dollars per share) $ 2.11 $ 0.98 $ 18.65
Weighted average basic common shares outstanding (in shares) 106,158,800 115,218,380 114,313,971
Weighted average diluted common shares outstanding (in shares) 106,741,048 115,627,181 114,324,683