(FIHL) Fidelis Insurance Holdings - Overview
Sector: Financial Services | Industry: Insurance - Diversified | Exchange: NYSE (USA) | Market Cap: 1.788m USD | Total Return: 39.6% in 12m
Avg Turnover: 8.83M
Qual. Beats: 0
Rev. Trend: -60.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Idiosyncratic Leader
Fidelis Insurance Holdings Limited (NYSE: FIHL) is a Bermuda-based provider of specialty insurance and reinsurance products operating primarily in the United Kingdom, Ireland, and Bermuda. The company’s Insurance segment covers diverse risk classes including property, marine, aviation, cyber, and political risk, while its Reinsurance segment focuses on property catastrophe, retrocession, and whole account solutions.
The firm utilizes a hybrid business model that separates its underwriting operations from its capital management, a structure designed to optimize risk selection while maintaining capital flexibility. As a participant in the specialty P&C sector, the company’s profitability is heavily influenced by global catastrophe cycles and the prevailing interest rate environment, which dictates the yield on its investment float.
For a detailed analysis of the companys intrinsic valuation and financial health, investors may find further insights through ValueRay. Fidelis was established in 2014 and maintains its corporate headquarters in Pembroke, Bermuda.
- Expansion of specialty insurance lines drives gross written premium growth
- Net investment income volatility fluctuates based on global interest rate shifts
- Catastrophic weather events increase loss ratios within property reinsurance segments
- Strategic shift toward higher-margin specialty risks improves overall combined ratios
- Regulatory changes in Bermuda and UK jurisdictions impact capital reserve requirements
| Net Income: 376.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -4.68 > 1.0 |
| NWC/Revenue: 42.47% < 20% (prev 61.41%; Δ -18.93% < -1%) |
| CFO/TA -0.03 > 3% & CFO -408.3m > Net Income 376.0m |
| Net Debt (-2.85b) to EBITDA (429.0m): -6.65 < 3 |
| Current Ratio: 1.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (93.6m) vs 12m ago -16.04% < -2% |
| Gross Margin: 33.56% > 18% (prev 0.37%; Δ 3.32k% > 0.5%) |
| Asset Turnover: 18.52% > 50% (prev 19.39%; Δ -0.87% > 0%) |
| Interest Coverage Ratio: 7.99 > 6 (EBITDA TTM 429.0m / Interest Expense TTM 53.7m) |
| A: 0.08 (Total Current Assets 11.6b - Total Current Liabilities 10.5b) / Total Assets 13.7b |
| B: 0.06 (Retained Earnings 770.8m / Total Assets 13.7b) |
| C: 0.03 (EBIT TTM 429.0m / Avg Total Assets 13.2b) |
| D: 0.07 (Book Value of Equity 787.3m / Total Liabilities 11.5b) |
| Altman-Z'' = 0.97 = BB |
As of May 26, 2026, the stock is trading at USD 22.79 with a total of 378,832 shares traded.
Over the past week, the price has changed by -1.60%,
over one month by +9.15%,
over three months by +14.24% and
over the past year by +39.58%.
Fidelis Insurance Holdings has received a consensus analysts rating of 3.33. Therefore, it is recommended to hold FIHL.
- StrongBuy: 1
- Buy: 2
- Hold: 5
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 22.4 | -1.8% |
P/E Trailing = 9.8152
P/E Forward = 5.9488
P/S = 0.7149
P/B = 0.8645
Revenue TTM = 2.45b USD
EBIT TTM = 429.0m USD
EBITDA TTM = 429.0m USD
Long Term Debt = 843.5m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 872.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 28.5m
Net Debt = -2.85b USD (calculated: Debt 872.0m - CCE 3.73b)
Enterprise Value = 1.79b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 7.99 (Ebit TTM 429.0m / Interest Expense TTM 53.7m)
EV/FCF = -4.37x (Enterprise Value 1.79b / FCF TTM -409.5m)
FCF Yield = -22.91% (FCF TTM -409.5m / Enterprise Value 1.79b)
FCF Margin = -16.69% (FCF TTM -409.5m / Revenue TTM 2.45b)
Net Margin = 15.33% (Net Income TTM 376.0m / Revenue TTM 2.45b)
Gross Margin = 33.56% ((Revenue TTM 2.45b - Cost of Revenue TTM 1.63b) / Revenue TTM)
Gross Margin QoQ = 24.14% (prev 69.51%)
Tobins Q-Ratio = 0.13 (Enterprise Value 1.79b / Total Assets 13.7b)
Interest Expense / Debt = 6.16% (Interest Expense 53.7m / Debt 872.0m)
Taxrate = 18.18% (50.1m / 275.6m)
NOPAT = 351.0m (EBIT 429.0m * (1 - 18.18%))
Current Ratio = 1.10 (Total Current Assets 11.6b / Total Current Liabilities 10.5b)
Debt / Equity = 0.39 (Debt 872.0m / totalStockholderEquity, last quarter 2.25b)
Debt / EBITDA = -6.65 (Net Debt -2.85b / EBITDA 429.0m)
Debt / FCF = 6.97 (negative FCF - burning cash) (Net Debt -2.85b / FCF TTM -409.5m)
Total Stockholder Equity = 2.35b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.84% (Net Income 376.0m / Total Assets 13.7b)
RoE = 16.01% (Net Income TTM 376.0m / Total Stockholder Equity 2.35b)
RoCE = 13.44% (EBIT 429.0m / Capital Employed (Equity 2.35b + L.T.Debt 843.5m))
RoIC = 11.13% (NOPAT 351.0m / Invested Capital 3.15b)
WACC = 7.28% (E(1.79b)/V(2.66b) * Re(8.37%) + D(872.0m)/V(2.66b) * Rd(6.16%) * (1-Tc(0.18)))
Discount Rate = 8.37% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.56 | Cagr: -9.85%
[DCF] Fair Price = unknown (Cash Flow -409.5m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.72 | # QB: 0
Revenue Correlation: -60.24 | Revenue CAGR: -19.22% | SUE: 0.14 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.85 | Chg30d=-4.13% | Revisions=+9% | Analysts=7
EPS current Year (2026-12-31): EPS=3.30 | Chg30d=-2.95% | Revisions=-54% | GrowthEPS=+72.1% | GrowthRev=+5.5%
EPS next Year (2027-12-31): EPS=3.95 | Chg30d=-0.45% | Revisions=-17% | GrowthEPS=+19.6% | GrowthRev=+8.8%
[Analyst] Revisions Ratio: -54%