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Segments (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Group Segment Disclosures
The following tables summarize the Group's segment disclosures:
Three Months Ended June 30, 2025
InsuranceReinsuranceOtherTotal
Gross premiums written$902.3 $316.7 $— $1,219.0 
Net premiums written546.2 152.7 — 698.9 
Net premiums earned458.9 79.1 — 538.0 
Losses and loss adjustment expenses(291.8)(4.9)— (296.7)
Policy acquisition expenses(148.9)(20.1)(70.6)(239.6)
General and administrative expenses— — (22.3)(22.3)
Underwriting income/(loss)18.2 54.1 (20.6)
Net investment income44.6 
Net realized and unrealized investment gains6.7 
Corporate and other expenses(1.2)
Net foreign exchange gains2.0 
Financing costs(9.3)
Income before income taxes22.2 
Income tax expense(2.5)
Net income$19.7 
Losses and loss adjustment expenses incurred - current year
(178.4)(29.1)$(207.5)
Losses and loss adjustment expenses incurred - prior accident years
(113.4)24.2 (89.2)
Losses and loss adjustment expenses incurred - total
$(291.8)$(4.9)$(296.7)
Underwriting Ratios(1)
Loss ratio - current year38.9%36.8%38.5%
Loss ratio - prior accident years24.7%(30.6%)16.6%
Loss ratio - total63.6%6.2%55.1%
Policy acquisition expense ratio32.4%25.4%31.4%
Underwriting ratio96.0%31.6%86.5%
The Fidelis Partnership commissions ratio13.1%
General and administrative expense ratio4.1%
Combined ratio103.7%
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(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.
Three Months Ended June 30, 2024
InsuranceReinsuranceOtherTotal
Gross premiums written$847.3 $345.9 $— $1,193.2 
Net premiums written452.6 217.3 — 669.9 
Net premiums earned441.9 59.2 — 501.1 
Losses and loss adjustment expenses(221.9)(0.8)— (222.7)
Policy acquisition expenses(124.5)(17.8)(75.0)(217.3)
General and administrative expenses— — (24.4)(24.4)
Underwriting income95.5 40.6 36.7 
Net investment income46.0 
Net realized and unrealized investment losses(7.0)
Corporate and other expenses(1.6)
Net foreign exchange losses(2.6)
Financing costs(8.6)
Income before income taxes62.9 
Income tax expense(9.2)
Net income$53.7 
Losses and loss adjustment expenses incurred - current year
(278.8)(12.5)$(291.3)
Losses and loss adjustment expenses incurred - prior accident years
56.9 11.7 68.6 
Losses and loss adjustment expenses incurred - total
$(221.9)$(0.8)$(222.7)
Underwriting Ratios(1)
Loss ratio - current year63.1%21.2%58.1%
Loss ratio - prior accident years(12.9%)(19.8%)(13.7%)
Loss ratio - total50.2%1.4%44.4%
Policy acquisition expense ratio28.2%30.1%28.4%
Underwriting ratio78.4%31.5%72.8%
The Fidelis Partnership commissions ratio15.0%
General and administrative expense ratio4.9%
Combined ratio92.7%
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(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.
Six Months Ended June 30, 2025
InsuranceReinsuranceOtherTotal
Gross premiums written$2,169.3 $772.6 $— $2,941.9 
Net premiums written1,355.1 370.2 — 1,725.3 
Net premiums earned970.8 170.2 — 1,141.0 
Losses and loss adjustment expenses(573.2)(152.7)— (725.9)
Policy acquisition expenses(297.1)(39.8)(149.0)(485.9)
General and administrative expenses— — (44.3)(44.3)
Underwriting income/(loss)100.5 (22.3)(115.1)
Net investment income94.1 
Net realized and unrealized investment gains12.6 
Corporate and other expenses(1.2)
Net foreign exchange losses(0.5)
Financing costs(18.0)
Loss before income taxes(28.1)
Income tax benefit5.3 
Net loss$(22.8)
Losses and loss adjustment expenses incurred - current year
(467.3)(210.2)$(677.5)
Losses and loss adjustment expenses incurred - prior accident years
(105.9)57.5 (48.4)
Losses and loss adjustment expenses incurred - total
$(573.2)$(152.7)$(725.9)
Underwriting Ratios(1)
Loss ratio - current year48.1%123.5%59.4%
Loss ratio - prior accident years10.9%(33.8%)4.2%
Loss ratio - total59.0%89.7%63.6%
Policy acquisition expense ratio30.6%23.4%29.5%
Underwriting ratio89.6%113.1%93.1%
The Fidelis Partnership commissions ratio13.1%
General and administrative expense ratio3.9%
Combined ratio110.1%
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(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.
Six Months Ended June 30, 2024
InsuranceReinsuranceOtherTotal
Gross premiums written$2,034.1 $673.4 $— $2,707.5 
Net premiums written1,132.6 315.4 — 1,448.0 
Net premiums earned883.6 105.5 — 989.1 
Losses and loss adjustment expenses(419.7)14.7 — (405.0)
Policy acquisition expenses(254.6)(23.9)(151.7)(430.2)
General and administrative expenses— — (48.0)(48.0)
Underwriting income209.3 96.3 105.9 
Net investment income87.0 
Net realized and unrealized investment losses(16.0)
Corporate and other expenses(1.6)
Net foreign exchange losses(0.1)
Financing costs(17.2)
Income before income taxes158.0 
Income tax expense(23.1)
Net income$134.9 
Losses and loss adjustment expenses incurred - current year
(519.3)(21.3)$(540.6)
Losses and loss adjustment expenses incurred - prior accident years
99.6 36.0 135.6 
Losses and loss adjustment expenses incurred - total
$(419.7)$14.7 $(405.0)
Underwriting Ratios(1)
Loss ratio - current year58.8%20.2%54.6%
Loss ratio - prior accident years(11.3%)(34.1%)(13.7%)
Loss ratio - total47.5%(13.9%)40.9%
Policy acquisition expense ratio28.8%22.7%28.2%
Underwriting ratio76.3%8.8%69.1%
The Fidelis Partnership commissions ratio15.3%
General and administrative expense ratio4.9%
Combined ratio89.3%
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(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.