XML 48 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets    
Other investments, at fair value (amortized cost: $50.8, 2022: $126.3) $ 47.5 $ 117.1
Total investments 3,341.4 2,425.0
Cash and cash equivalents 712.4 1,222.0
Restricted cash and cash equivalents 251.7 185.9
Accrued investment income 27.2 10.9
Premiums and other receivables (net of allowances for credit losses of $17.3, 2022: $8.8) 2,209.3 1,862.7
Deferred reinsurance premiums 1,061.4 823.7
Reinsurance balances recoverable on paid losses (net of allowances for credit losses of $nil, 2022: $nil) 182.7 159.4
Reinsurance balances recoverable on reserves for losses and loss adjustment expenses (net of allowances for credit losses of $1.3, 2022: $1.0) 1,108.6 976.1
Deferred policy acquisition costs (includes deferred Fidelis MGU commissions $164.1, 2022: $nil) 786.6 515.8
Other assets 173.5 131.0
Total assets 10,028.1 8,312.5
Liabilities    
Reserves for losses and loss adjustment expenses 2,448.9 2,045.2
Unearned premiums 3,149.5 2,618.6
Reinsurance balances payable 1,071.5 1,057.0
Long term debt 448.2 447.5
Preference securities ($0.01 par, redemption price and liquidation preference $10,000) 58.4 58.4
Other liabilities 67.3 98.7
Total liabilities 7,578.3 6,325.4
Commitments and contingencies
Shareholders' equity    
Common shares ($0.01 par, issued and outstanding: 117,914,754, 2022: 194,545,370) 1.2 1.9
Additional paid-in capital 2,039.0 2,075.2
Accumulated other comprehensive loss (27.0) (100.8)
Retained earnings 436.6 0.5
Total shareholders' equity attributable to common shareholders 2,449.8 1,976.8
Non-controlling interests 0.0 10.3
Total shareholders' equity including non-controlling interests 2,449.8 1,987.1
Total liabilities, non-controlling interests and shareholders' equity 10,028.1 8,312.5
Related Party    
Assets    
Amounts due from Fidelis MGU (net of allowances for credit losses of $nil, 2022: $nil) 173.3 0.0
Liabilities    
Amounts due to Fidelis MGU 334.5 0.0
Fixed maturity securities    
Assets    
Debt securities, Available-for-sale, excluding accrued interest 3,244.9 2,050.9
Short-Term Investments    
Assets    
Debt securities, Available-for-sale, excluding accrued interest $ 49.0 $ 257.0