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SCHEDULE II - Condensed Financial Information of Registrant (Tables)
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Schedule of Condensed Balance Sheet
Balance Sheets - Parent company only
At December 31, 2025 and 2024
(Expressed in millions of U.S. dollars, except for share and per share amounts)
December 31, 2025December 31, 2024
Assets
Investments in subsidiaries$3,097.7 $2,809.4 
Cash and cash equivalents141.1 54.8 
Amounts due from subsidiaries44.5 81.4 
Other assets10.0 31.9 
Total assets$3,293.3 $2,977.5 
Liabilities
Amounts due to subsidiaries14.2 7.6 
Long term debt843.2 448.9 
Preference securities— 58.4 
Other liabilities36.3 14.2 
Total liabilities893.7529.1
Shareholders' equity
Common shares ($0.01 par, issued and outstanding: 96,651,534, 2024: 111,730,209)
1.0 1.2 
Common shares held in treasury, at cost (shares held: nil, 2024: 6,570,003)
— (105.5)
Additional paid-in capital1,685.6 2,044.6 
Accumulated other comprehensive income37.1 4.5 
Retained earnings675.9 503.6 
Total shareholders' equity2,399.62,448.4
Total liabilities and shareholders' equity$3,293.3 $2,977.5 
Schedule of Condensed Income Statement
Statements of Income and Comprehensive Income - Parent company only
For the years ended December 31, 2025, 2024 and 2023
(Expressed in millions of U.S. dollars)

202520242023
Revenues
Net investment income$7.1 $3.7 $4.9 
Dividends from subsidiaries150.0 200.0 110.0 
Other income6.2 9.0 8.3 
Total revenues before net gain on distribution of The Fidelis Partnership163.3 212.7 123.2 
Net gain on distribution of The Fidelis Partnership— — 1,670.8 
Total revenues163.3 212.7 1,794.0 
Expenses
General and administrative expenses44.1 42.8 35.3 
Corporate and other expenses1.2 1.6 3.2 
Financing costs45.2 30.5 30.5 
Net foreign exchange losses0.1 — 3.7 
Total expenses90.6 74.9 72.7 
Income before income taxes72.7 137.8 1,721.3 
Income tax benefit/(expense)(2.8)10.0 14.1 
Net income before equity in net income of subsidiaries69.9 147.8 1,735.4 
Equity in net income/(loss) of subsidiaries155.6 (34.5)397.1 
Net income available to common shareholders225.5 113.3 2,132.5 
Other comprehensive income
Unrealized gains on available-for-sale investments46.4 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 income32.6 31.5 72.7 
Comprehensive income attributable to common shareholders$258.1 $144.8 $2,205.2 
Schedule of Condensed Statement of Comprehensive Income
Statements of Income and Comprehensive Income - Parent company only
For the years ended December 31, 2025, 2024 and 2023
(Expressed in millions of U.S. dollars)

202520242023
Revenues
Net investment income$7.1 $3.7 $4.9 
Dividends from subsidiaries150.0 200.0 110.0 
Other income6.2 9.0 8.3 
Total revenues before net gain on distribution of The Fidelis Partnership163.3 212.7 123.2 
Net gain on distribution of The Fidelis Partnership— — 1,670.8 
Total revenues163.3 212.7 1,794.0 
Expenses
General and administrative expenses44.1 42.8 35.3 
Corporate and other expenses1.2 1.6 3.2 
Financing costs45.2 30.5 30.5 
Net foreign exchange losses0.1 — 3.7 
Total expenses90.6 74.9 72.7 
Income before income taxes72.7 137.8 1,721.3 
Income tax benefit/(expense)(2.8)10.0 14.1 
Net income before equity in net income of subsidiaries69.9 147.8 1,735.4 
Equity in net income/(loss) of subsidiaries155.6 (34.5)397.1 
Net income available to common shareholders225.5 113.3 2,132.5 
Other comprehensive income
Unrealized gains on available-for-sale investments46.4 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 income32.6 31.5 72.7 
Comprehensive income attributable to common shareholders$258.1 $144.8 $2,205.2 
Schedule of Condensed Cash Flow Statement
Statements of Cash Flows - Parent company only
For the years ended December 31, 2025, 2024 and 2023
(Expressed in millions of U.S. dollars)
202520242023
Operating activities
Net income$225.5 $113.3 $2,132.5 
Adjustments to reconcile net income after tax to net cash provided by operating activities:
Revaluation of The Fidelis Partnership——(1,707.1)
Equity in net (income)/loss of subsidiaries(155.6)34.5(397.1)
Share compensation expense7.9 7.8 27.6 
Accretion, amortization and depreciation0.9 0.7 0.7 
Deferred tax expense23.1 9.6 2.6 
Net changes in assets and liabilities:
Amounts due from The Fidelis Partnership—0.2 (0.2)
Amounts due to/from subsidiaries43.5(63.8)(5.4)
Other assets(1.2)0.6 3.0 
Other liabilities22.41.1 11.9 
Net cash provided by operating activities166.5104.068.5
Investing activities
Contributed capital to subsidiaries(100.0)— (90.0)
Net cash used in investing activities(100.0)—(90.0)
Financing activities
Dividends on common shares(52.3)(46.2)— 
Repurchase of common shares(261.4)(105.5)— 
Tax paid on withholding shares(0.2)(2.2)(50.6)
Proceeds from issuance of debt, net of issuance costs393.3— — 
Repurchase of preferred securities(59.6)— — 
Proceeds from issuance of common stock, net of issuance costs—— 89.4 
Non-controlling interest share transactions—— (6.1)
Cumulative dividends on warrants—— (34.1)
Net cash provided by/(used in) financing activities19.8(153.9)(1.4)
Net increase/(decrease) in cash, restricted cash, and cash equivalents86.3(49.9)(22.9)
Cash and cash equivalents, beginning of year54.8 104.7 127.6 
Cash and cash equivalents, end of year$141.1 $54.8 $104.7