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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Gross premiums written $ 1,722.9 $ 1,514.3
Reinsurance premiums ceded (696.5) (736.2)
Net premiums written 1,026.4 778.1
Change in net unearned premiums (423.4) (290.1)
Net premiums earned 603.0 488.0
Net investment income 49.5 41.0
Net realized and unrealized investment gains/(losses) 5.9 (9.0)
Total revenues 658.4 520.0
Expenses    
Losses and loss adjustment expenses 429.2 182.3
Policy acquisition expenses (includes The Fidelis Partnership commissions of $78.4 (2024: $76.7)) 246.3 212.9
General and administrative expenses 22.0 23.6
Net foreign exchange (gains)/losses 2.5 (2.5)
Financing costs 8.7 8.6
Total expenses 708.7 424.9
Income/(loss) before income taxes (50.3) 95.1
Income tax (expense)/benefit 7.8 (13.9)
Net income/(loss) (42.5) 81.2
Other comprehensive income/(loss)    
Unrealized gains/(losses) on available-for-sale investments 25.7 (8.2)
Reclassification of net realized losses/(gains) recognized in net income (0.8) 7.4
Income tax (expense)/benefit, all of which relates to unrealized gains/(losses) on available-for-sale investments (7.4) 0.6
Total other comprehensive income/(loss) 17.5 (0.2)
Comprehensive income/(loss) $ (25.0) $ 81.0
Per share data    
Earnings/(loss) per common share (in dollars per share) $ (0.38) $ 0.69
Earnings/(loss) per diluted common share (in dollars per share) $ (0.38) $ 0.69
Weighted average common shares outstanding (in shares) 111,543,154 117,658,016
Weighted average diluted common shares outstanding (in shares) 111,543,154 118,348,384