Loading...
•
Mar 31
Fidelis Q1 2025 Earnings Report
Fidelis reported a net loss due to significant catastrophe-related claims in Q1 2025.
Key Takeaways
Fidelis Insurance Group posted a $42,500,000 net loss in Q1 2025, primarily due to $333,300,000 in catastrophe and large losses, including impacts from California wildfires. Despite these setbacks, the company achieved strong top-line growth of nearly 14% and saw improvement in investment income.
Fidelis posted a $42,500,000 net loss due to elevated catastrophe and large losses.
Gross premiums written rose 13.8% YoY to $1,722,900,000.
Net investment income grew 21% YoY to $49,500,000.
Book value per share stood at $21.54 as of March 31, 2025.
Fidelis
Fidelis
Fidelis Revenue by Segment
Revenue by Segment
Insurance Revenue
CapyFin.comReinsurance Revenue
CapyFin.com Forward Guidance
Fidelis aims to capitalize on a favorable underwriting environment, leveraging its strong balance sheet and risk-adjusted strategies to deliver long-term shareholder value.
Positive Outlook
- Strong top-line growth from new business and partnerships.
- Improved portfolio yield and investment income.
- Strategic repurchases enhance book value per share.
- Effective exposure management through reinsurance.
- Positive reserve development in select business lines.
Challenges Ahead
- Significant losses from California wildfires impacted earnings.
- Combined ratio deteriorated to 115.6%.
- Operating ROAE turned negative due to underwriting loss.
- Reinsurance segment suffered $76,400,000 underwriting loss.
- Decline in book value per share from prior quarter.