XML 41 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets    
Other investments, at fair value (amortized cost: $50.7, 2023: $50.8) $ 46.8 $ 47.5
Total investments 3,543.9 3,341.4
Cash and cash equivalents 628.6 712.4
Restricted cash and cash equivalents 230.5 251.7
Accrued investment income 33.6 27.2
Premiums and other receivables (net of allowances for credit losses of $18.4, 2023: $17.3) 3,039.5 2,209.3
Deferred reinsurance premiums 1,648.1 1,061.4
Reinsurance balances recoverable on paid losses (net of allowances for credit losses of $nil, 2023: $nil) 149.7 182.7
Reinsurance balances recoverable on reserves for losses and loss adjustment expenses (net of allowances for credit losses of $1.3, 2023: $1.3) 1,154.8 1,108.6
Deferred policy acquisition costs (includes Fidelis Partnership deferred commissions $240.2, 2023: $164.1) 1,029.5 786.6
Other assets 219.1 173.5
Total assets 11,928.9 10,028.1
Liabilities    
Reserves for losses and loss adjustment expenses 2,702.7 2,448.9
Unearned premiums 4,193.4 3,149.5
Reinsurance balances payable 1,536.5 1,071.5
Long term debt 448.6 448.2
Preference securities ($0.01 par, redemption price and liquidation preference $10,000) 58.4 58.4
Other liabilities 97.1 67.3
Total liabilities 9,399.0 7,578.3
Commitments and contingencies
Shareholders' equity    
Common shares ($0.01 par, issued and outstanding: 116,006,345, 2023: 117,914,754) 1.2 1.2
Additional paid-in capital 2,041.7 2,039.0
Accumulated other comprehensive loss (22.3) (27.0)
Retained earnings 548.0 436.6
Common shares held in treasury, at cost (shares held: 2,290,020, 2023: nil) (38.7) 0.0
Total shareholders' equity 2,529.9 2,449.8
Total liabilities and shareholders' equity 11,928.9 10,028.1
Related Party    
Assets    
Amounts due from The Fidelis Partnership (net of allowances for credit losses of $nil, 2023: $nil) 251.6 173.3
Liabilities    
Amounts due to The Fidelis Partnership 362.3 334.5
Fixed maturity securities, available-for-sale, at fair value (amortized cost: $3,431.8, 2023: $3,271.4 (net of allowances for credit losses of $3.2, 2023: $1.3))    
Assets    
Debt Securities, Available-for-Sale, Excluding Accrued Interest 3,410.2 3,244.9
Short-term investments, available-for-sale, at fair value (amortized cost: $86.9, 2023: $49.0 (net of allowances for credit losses of $nil, 2023: $nil))    
Assets    
Debt Securities, Available-for-Sale, Excluding Accrued Interest $ 86.9 $ 49.0