UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
February 25, 2025
Commission File Number: 001-41731
FIDELIS INSURANCE HOLDINGS LIMITED
(Exact Name of Registrant as Specified in its Charter)
90 Pitts Bay Road, Wellesley House South, Pembroke, Bermuda, HM08
+1 441 279 2590
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒    Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ☐    No ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ☐    No ☒









On February 25, 2025, Fidelis Insurance Holdings Limited (the “Company”) issued consolidated financial statements, management’s discussion and analysis and a press release announcing results for the three and twelve months ended December 31, 2024, each of which is attached as an exhibit hereto.

The Company is also making available a Company slide presentation, which is attached as exhibit 99.2 hereto.

EXHIBIT INDEX

Exhibit



Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


FIDELIS INSURANCE HOLDINGS LIMITED
Dated: February 25, 2025
By:/s/ Allan C. Decleir
Name:Allan C. Decleir
Title:Group Chief Financial Officer
                            
    
    

figa.jpg



Fidelis Insurance Group Reports 2024 Fourth Quarter Results

Full Year 2024 Highlights:
•Gross premiums written of $4.4 billion; growth of 23.0% from full year 2023
•Combined ratio of 99.7%
•Operating return on average common equity (“Operating ROAE”) Operating ROAE of 5.6%
•Net income of $113.3 million, or $0.98 per diluted common share and operating net income of $137.0 million, or $1.18 per diluted common share
•Book value per diluted common share was $21.79 at December 31, 2024, an increase of 5.3% from December 31, 2023, of $20.69
•Total capital returned to common shareholders was $151.7 million for 2024, including common share repurchases of $105.5 million and dividends of $46.2 million
Fourth Quarter 2024 Highlights:
•Gross premiums written of $953.7 million; growth of 21.7% from the fourth quarter of 2023
•Combined ratio of 128.0%
•Annualized operating return on opening common equity (“Operating ROE”) of (18.0)% and annualized Operating ROAE of (18.4)%
•Net loss of $122.2 million, or $(1.09) per diluted common share, and operating net loss of $117.7 million, or $(1.05) per diluted common share

Pembroke, Bermuda, February 25, 2025 - Fidelis Insurance Holdings Limited (“Fidelis” or “FIHL” or “the Group”) (NYSE: FIHL) announced today its financial results for the fourth quarter ended December 31, 2024.
Dan Burrows, Group Chief Executive Officer of Fidelis Insurance Group, commented: "In 2024, we executed our underwriting strategy with 23% gross premium growth across our portfolio. We also achieved strong investment income and returned $152 million in capital to common shareholders through dividends and opportunistic share repurchases.
“As we look ahead, we are well-positioned to drive profitable growth as we capitalize on our market access, the strength of our relationships, and strategic capital management, supported by the strength of our balance sheet. By leveraging our differentiated expertise and taking a proactive approach to risk management, we will continue to effectively navigate market challenges, pursue accretive growth opportunities, and deliver sustainable value for our shareholders.”
Fidelis Insurance Holdings Limited
Wellesley House South | 90 Pitts Bay Road | HM08 | Pembroke | Bermuda
1


Fourth Quarter 2024 Consolidated Results
•Net loss for the fourth quarter of 2024 was $122.2 million, or $(1.09) per diluted common share. Operating net loss was $117.7 million, or $(1.05) per diluted common share.
•Underwriting loss for the fourth quarter of 2024 was $177.6 million and the combined ratio was 128.0%, compared to underwriting income of $94.4 million and a combined ratio of 81.4% for the fourth quarter of 2023.
•Catastrophe and large losses for the fourth quarter of 2024 were $133.2 million compared to $100.9 million in the prior year period.
•Net adverse prior year loss reserve development for the fourth quarter of 2024 was $270.3 million compared to $15.1 million of net favorable development in the prior year period.
•Net investment income for the fourth quarter of 2024 was $51.4 million compared to $38.7 million in the prior year period. Purchased $778.7 million of fixed income securities at an average yield of 4.8%.
•Operating ROE of (4.5)%, or (18.0)% annualized, in the quarter compared to 6.3%, or 25.2% annualized in the prior year period.
•Operating ROAE of (4.6)%, or (18.4)% annualized, in the quarter compared to 5.9%, or 23.6% annualized in the prior year period.
Full Year 2024 Consolidated Results
•Net income for the year ended December 31, 2024, was $113.3 million, or $0.98 per diluted common share. Operating net income was $137.0 million, or $1.18 per diluted common share.
•Underwriting income for the year ended December 31, 2024, was $8.3 million and the combined ratio was 99.7%, compared to underwriting income of $327.3 million and a combined ratio of 82.1% for the year ended December 31, 2023.
•Catastrophe and large losses for the year ended December 31, 2024, were $509.0 million compared to $288.2 million in the prior year.
•Net adverse prior year loss reserve development of $124.6 million compared to net favorable development of $62.9 million in the prior year.
•Net investment income of $190.5 million compared to $119.5 million in the prior year. Purchased $2.3 billion of fixed income securities at an average yield of 4.9%. At December 31, 2024, the book yield of the fixed income portfolio was 4.9%.
•Operating ROE of 5.6% in the year ended December 31, 2024, compared to 22.2% in the prior year.
•Operating ROAE of 5.6% in the year ended December 31, 2024, compared to 18.8% in the prior year.
•Book value per diluted common share was $21.79 at December 31, 2024 (dilutive shares at December 31, 2024 of 640,267), compared to $20.69 at December 31, 2023.
2


The following table details key financial indicators in evaluating our performance for the three and twelve months ended December 31, 2024 and 2023:
Three Months Ended December 31,Twelve Months Ended December 31,
2024202320242023
($ in millions, except for per share data)
Net income/(loss)$(122.2)$228.3 $113.3 $2,132.5 
Operating net income/(loss)(1)
(117.7)135.4 137.0 398.9 
Gross premiums written953.7 783.9 4,403.1 3,579.0 
Net premiums earned634.5 507.8 2,258.1 1,832.6 
Catastrophe and large losses133.2 100.9 509.0 288.2 
Net favorable/(adverse) prior year reserve development(270.3)15.1 (124.6)62.9 
Net investment income$51.4 $38.7 $190.5 $119.5 
Combined ratio128.0 %81.4 %99.7 %82.1 %
Operating ROE(1)
(4.5 %)6.3 %5.6 %22.2 %
Operating ROAE(1)
(4.6 %)5.9 %5.6 %18.8 %
Earnings/(loss) per diluted common share$(1.09)$1.93 $0.98 $18.65 
Operating EPS(1)
$(1.05)$1.15 $1.18 $3.49 
________________
(1) Operating net income, Operating ROE, Operating ROAE and Operating EPS are non-GAAP financial measures. See definition and reconciliation in “Non-GAAP Financial Measures.”
Segment Results
Insurance Segment
The following table is a summary of our Insurance segment’s underwriting results:
Three Months Ended December 31,Twelve Months Ended December 31,
20242023Change20242023Change
($ in millions)
Gross premiums written$921.9 $776.0 $145.9 $3,538.5 $2,960.4 $578.1 
Reinsurance premium ceded(396.9)(242.8)(154.1)(1,488.1)(1,079.9)(408.2)
Net premiums written525.0 533.2 (8.2)2,050.4 1,880.5 169.9 
Net premiums earned542.9 430.2 112.7 1,902.4 1,577.0 325.4 
Losses and loss adjustment expenses(480.1)(186.2)(293.9)(1,101.5)(675.1)(426.4)
Policy acquisition expenses(190.5)(97.5)(93.0)(604.6)(429.1)(175.5)
Underwriting income/(loss)$(127.7)$146.5 $(274.2)$196.3 $472.8 $(276.5)
Loss ratio88.4 %43.3 %45.1 pts57.9 %42.8 %15.1 pts
Policy acquisition expense ratio35.1 %22.7 %12.4 pts31.8 %27.2 %4.6 pts
Underwriting ratio123.5 %66.0 %57.5 pts89.7 %70.0 %19.7 pts
For the three months ended December 31, 2024, our GPW increased primarily driven by growth from new business in our Asset Backed Finance & Portfolio Credit and Marine lines of business.
For the twelve months ended December 31, 2024, our GPW increased primarily driven by growth from new business and improved rates in our Property, Marine, Asset Backed Finance & Portfolio Credit and Other Insurance lines of business, partially offset by a decrease in our Aviation and Aerospace line of business where certain deals did not meet our underwriting criteria and rating hurdles.
3


For the three and twelve months ended December 31, 2024, our NPE increased driven by earnings from higher net premiums written in the current and prior year periods.
Our policy acquisition expense ratio for the three and twelve months ended December 31, 2024, increased due to higher variable commissions in certain lines of business and changes in the mix of business written and ceded.
The following table is a summary of our Insurance segment’s losses and loss adjustment expenses:
Three Months Ended December 31,Twelve Months Ended December 31,
20242023Change20242023Change
($ in millions)
Attritional losses$116.1 $92.3 $23.8 $476.7 $415.3 $61.4 
Catastrophe and large losses82.7 92.4 (9.7)440.2 254.2 186.0 
Adverse prior year development281.3 1.5 279.8 184.6 5.6 179.0 
Losses and loss adjustment expenses$480.1 $186.2 $293.9 $1,101.5 $675.1 $426.4 
Loss ratio - attritional losses21.4 %21.5 %(0.1) pts25.1 %26.3 %(1.2) pts
Loss ratio - catastrophe and large losses15.2 %21.5 %(6.3) pts23.1 %16.1 %7.0 pts
Loss ratio - prior accident years51.8 %0.3 %51.5 pts9.7 %0.4 %9.3 pts
Loss ratio88.4 %43.3 %45.1 pts57.9 %42.8 %15.1 pts
For the three and twelve months ended December 31, 2024, our loss ratio in the Insurance segment increased by 45.1 points and 15.1 points, respectively, compared to the prior year periods.
The attritional loss ratio in the three and twelve months ended December 31, 2024, improved by 0.1 points and 1.2 points, respectively, compared to the prior year periods due to a lower level of small losses in the current year periods.
The catastrophe and large losses for the three months ended December 31, 2024, were primarily attributable to Hurricanes Milton and Helene in our Property and Marine lines of business and a single loss event in our Property line of business. This compared to the prior period catastrophe and large losses primarily related to losses in connection with the Viasat-3 satellite deployment failure, the Sudan Conflict and other loss events in our Property line of business.
The catastrophe and large losses in the twelve months ended December 31, 2024, related to intellectual property losses in our Asset Backed Finance & Portfolio Credit line of business, losses from the Baltimore Bridge collapse in our Marine line of business, Hurricanes Milton and Helene, and severe convective storms in our Property and Marine lines of business, together with other smaller losses in various lines of business. This compared to prior year period catastrophe and large losses primarily related to the Sudan Conflict, losses in connection with the Viasat-3 satellite deployment failure, losses from severe convective storms in the U.S., two intellectual property losses, and other loss events in various lines of business including Property, Energy, and Marine.
The adverse prior year development for the three and twelve months ended December 31, 2024, was driven primarily by an increase in our Aviation and Aerospace line of business related to the Ukraine Conflict. This increase relates in large part to an allowance made for ongoing settlement discussions in relation to the related litigation as well as an increase to reserves in order to reflect recent developments and new information received.
The adverse prior year development for the twelve months ended December 31, 2024, was partially offset by better than expected loss emergence in our Property, Other Insurance and Marine lines of business.
4


Reinsurance Segment
The following table is a summary of our Reinsurance segment’s underwriting results:
Three Months Ended December 31,Twelve Months Ended December 31,
20242023Change20242023Change
($ in millions)
Gross premiums written$31.8 $7.9 $23.9 $864.6 $618.6 $246.0 
Reinsurance premium ceded(78.1)8.1 (86.2)(520.4)(362.5)(157.9)
Net premiums written(46.3)16.0 (62.3)344.2 256.1 88.1 
Net premiums earned91.6 77.6 14.0 355.7 255.6 100.1 
Losses and loss adjustment expenses(32.9)(3.0)(29.9)(54.3)(23.7)(30.6)
Policy acquisition expenses(22.9)(23.1)0.2 (84.0)(69.4)(14.6)
Underwriting income$35.8 $51.5 $(15.7)$217.4 $162.5 $54.9 
Loss ratio35.9 %3.9 %32.0 pts15.3 %9.3 %6.0 pts
Policy acquisition expense ratio25.0 %29.8 %(4.8) pts23.6 %27.2 %(3.6) pts
Underwriting ratio60.9 %33.7 %27.2 pts38.9 %36.5 %2.4 pts
For the three and twelve months ended December 31, 2024, GPW increased driven by new business as well as rate increases, while NPE increased driven by earnings from higher net premiums written in the current year periods.
Our policy acquisition expense ratio for the three and twelve months ended December 31, 2024 decreased primarily due to change in business mix, retention levels and the impact of commissions on outwards reinsurance.
The following table is a summary of our Reinsurance segment’s losses and loss adjustment expenses:
Three Months Ended December 31,Twelve Months Ended December 31,
20242023Change20242023Change
($ in millions)
Attritional losses$(6.6)$11.1 $(17.7)$45.5 $58.2 $(12.7)
Catastrophe and large losses50.5 8.5 42.0 68.8 34.0 34.8 
Favorable prior year development(11.0)(16.6)5.6 (60.0)(68.5)8.5 
Losses and loss adjustment expenses$32.9 $3.0 $29.9 $54.3 $23.7 $30.6 
Loss ratio - attritional losses(7.2)%14.3 %(21.5) pts12.9 %22.8 %(9.9) pts
Loss ratio - catastrophe and large losses55.1 %11.0 %44.1 pts19.3 %13.3 %6.0 pts
Loss ratio - prior accident years(12.0)%(21.4)%9.4 pts(16.9)%(26.8)%9.9 pts
Loss ratio35.9 %3.9 %32.0 pts15.3 %9.3 %6.0 pts
For the three and twelve months ended December 31, 2024, our loss ratio in the Reinsurance segment increased by 32.0 points and 6.0 points, respectively, compared to the prior year periods.
The attritional loss ratio in the three and twelve months ended December 31, 2024, improved by 21.5 points and 9.9 points, respectively, compared to the prior year periods both of which were benign in terms of attritional losses. In the three months ended December 31, 2024, the storms in Alberta, Canada, developed during the quarter and have been reallocated to large losses as they have exceeded our large loss threshold.
The catastrophe and large losses for the three and twelve months ended December 31, 2024, were primarily attributable to Hurricanes Helene and Milton and from storms in Alberta, Canada.
5


The catastrophe and large losses in the three months ended December 31, 2023, related to severe convective storms in the U.S. in our Property Reinsurance line of business. The catastrophe and large losses in the twelve months ended December 31, 2023, related to the Hawaii wildfires, severe convective storms in the U.S., and Cyclone Gabrielle in New Zealand.
For the three and twelve months ended December 31, 2024, favorable prior year development was driven by positive development on catastrophe losses and benign prior year attritional experience.
Other Underwriting Expenses
We do not allocate The Fidelis Partnership commissions or general and administrative expenses by segment.
The Fidelis Partnership Commissions
The Fidelis Partnership manages origination, underwriting, underwriting administration, outwards reinsurance and claims handling under delegated authority agreements with the Group. For the three and twelve months ended December 31, 2024, The Fidelis Partnership commissions were $62.1 million and $311.1 million, respectively, or 9.8% and 13.8% of the combined ratio, respectively, (2023: $77.9 million and $225.3 million or 15.3% and 12.3% of the combined ratio) and comprise ceding and profit commissions as part of the Framework Agreement effective from January 1, 2023. The increase in the ceding commission expense was due to the full impact of earning such commissions since January 1, 2023, together with the increase in net premiums earned. Due to the operating profit not achieving the required hurdle rate of return, as outlined in the Framework Agreement, there were no profit commissions for the twelve months ended December 31, 2024.
The following table summarizes The Fidelis Partnership commissions earned:
Three Months Ended December 31,Twelve Months Ended December 31,
2024202320242023
($ in millions)
Ceding commission expense$85.8 $58.8 $311.1 $166.2 
Profit commission expense(23.7)19.1 — 59.1 
Total commissions$62.1 $77.9 $311.1 $225.3 
Ceding commission expense ratio13.5 %11.5 %13.8 %9.1 %
Profit commission expense ratio(3.7)%3.8 %— %3.2 %
Total Fidelis Partnership commissions ratio9.8 %15.3 %13.8 %12.3 %
General and Administrative Expenses
For the three and twelve months ended December 31, 2024, general and administrative expenses were $23.6 million and $94.3 million, respectively, or 3.7% and 4.2% of the combined ratio, respectively (2023: $25.7 million and $82.7 million or 5.1% and 4.5% of the combined ratio). For the three months ended December 31, 2024, the general and administrative expense decrease was driven primarily by lower annual incentive plan compensation expense accruals. For the twelve months ended December 31, 2024, the increase was driven primarily by increased costs to support the growth of the business and the transition to a publicly traded company in 2023.
6


Investments
Three Months Ended December 31,Twelve Months Ended December 31,
2024202320242023
($ in millions)
Net investment income$51.4 $38.7 $190.5 $119.5 
Net realized and unrealized investment gains/(losses)(12.1)7.3 (28.6)4.9 
Net investment return
$39.3 $46.0 $161.9 $124.4 
Net Investment Income
The increase in our net investment income in the three and twelve months ended December 31, 2024, was due to the increase in investible assets and a higher yield achieved on the fixed income portfolio and cash balances. During the three and twelve months ended December 31, 2024, we purchased $778.7 million and $2.3 billion, respectively, of fixed maturity securities at an average yield of 4.8% and 4.9%, respectively.
Net Realized and Unrealized Investment Gains/(Losses)
The net realized and unrealized investment losses in the three months ended December 31, 2024, resulted primarily from realized losses on the sale of $600.4 million of fixed maturity securities with an average yield of 4.2% and from an increase in the provision for expected credit losses. The net realized and unrealized investment losses in the twelve months ended December 31, 2024, resulted primarily from realized losses on the sale of $1.2 billion of fixed maturity securities with an average yield of 2.6%, the proceeds of which were reinvested at higher yielding fixed maturity securities.
Conference Call
Fidelis will host a teleconference to discuss its financial results on Wednesday, February 26, 2025, at 9:00 a.m. Eastern time. The call can be accessed by dialing 1-800-549-8228 (U.S. callers), or 1-289-819-1520 (international callers), and entering the passcode 78502 approximately 10 minutes in advance of the call. A live, listen-only webcast of the call will also be available via the Investors section of the Company’s website at https://investors.fidelisinsurance.com. A recording of the webcast will be available in the Investor Relations section of the Company’s website approximately two hours after the event concludes and will be archived on the site for one year.
About Fidelis Insurance Group
Fidelis Insurance Group is a global specialty insurer, leveraging strategic partnerships to offer innovative and tailored insurance solutions.

We have a highly diversified portfolio that we believe allows us to take advantage of the opportunities presented by evolving (re)insurance markets, proactively shift our business mix across market cycles, and produce superior underwriting returns.
Headquartered in Bermuda, with offices in Ireland and the United Kingdom, Fidelis Insurance Group operating companies have an insurer financial strength rating of A from AM Best, A- from S&P and A3 from Moody’s. For additional information about Fidelis Insurance, our people, and our products please visit our website at www.FidelisInsurance.com.

7


Non-GAAP Financial Measures
This Press Release includes, and the related conference call will include, certain financial measures that are not calculated in accordance with generally accepted accounting principles in the U.S. (“U.S. GAAP”) including Operating net income, Operating EPS, Operating ROE and Operating ROAE, attritional loss ratio and catastrophe and large loss ratio, and therefore are non-GAAP financial measures. Reconciliations of such measures to the most comparable U.S. GAAP figures are included in the attached financial information in accordance with Regulation G.
RPI Measure
This press release, posts on our website and LinkedIn and the related discussion and analysis relating to our financial results for the three and twelve months ended December 31, 2024, may contain a reference to the “RPI Measure”. Renewal price index (“RPI”) is a measure that Fidelis has used to assess an approximate index of rate increases on a particular set of contracts, using the base of 100% for the rates for the relevant prior year. Although management considers RPI to be an appropriate statistical measure, it is not a financial measure that directly relates to the Fidelis consolidated financial results. Management’s calculation of RPI involves a degree of judgment in relation to comparability of contracts and the relative impacts of changes in price, exposure, retention levels, as well as any other changing terms and conditions on the RPI calculation. Consideration is given to potential renewals of a comparable nature so it does not reflect every contract in Fidelis’ portfolio. The future profitability and performance of a portfolio of contracts expressed within the RPI is dependent upon many factors besides the trends in premium rates, including policy terms, conditions and wording.
Safe Harbor Regarding Forward-Looking Statements

This press release, posts on our website and LinkedIn and the related discussion and analysis relating to our financial results for the three and twelve months ended December 31, 2024, contain, and our officers and representatives may from time to time make (including on our related earnings conference call), “forward-looking statements” which include all statements that do not relate solely to historical or current facts and which may concern our strategy, plans, targets, projections or intentions and are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “continue,” “grow,” “opportunity,” “create,” “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “target,” “expect,” “evolve,” “achieve,” “remain,” “proactive,” “pursue,” “optimize,” “emerge,” “seek,” “build,” “looking ahead,” “commit,” “strategy,” “predict,” “potential,” “assumption,” “future,” “likely,” “may,” “should,” “could,” “will” and the negative of these and also similar terms and phrases. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are qualified by these cautionary statements, because they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, targets, projections, anticipated events and trends, the economy and other future conditions, but are subject to significant business, economic, legal and competitive uncertainties, many of which are beyond our control or are subject to change. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.

Examples of forward-looking statements include, among others, statements we make in relation to: targeted operating results such as return on equity, net earnings and net earnings per share, underwriting profitability and target combined, loss and expense ratios, growth in gross premiums written and book value; our expectations regarding current settlement discussions, court cases and current settlement and litigation strategies; our expectations regarding our business and capital management strategy and the performance of our business; information regarding our estimates for catastrophes, claims and other loss events; our liquidity
8


and capital resources; and expectations of the effect on our results of operations and financial condition of our loss claims, litigation, climate change impacts, contingent liabilities and governmental and regulatory investigations and proceedings.

Our actual results in the future could differ materially from those anticipated in any forward-looking statements as a result of changes in assumptions, risks, uncertainties and other factors impacting us, many of which are outside our control, including:

•our ability to manage risks associated with macroeconomic conditions including any escalation of the Russia Ukraine Conflict or those in the Middle East, or related sanctions and other geopolitical events globally;
•the recent trend of premium rate hardening and factors likely to drive continued rate hardening or a softening leading to a cyclical downturn of pricing in the (re)insurance industry;
•the impact of inflation (including social inflation) or deflation in relevant economies in which we operate;
•our ability to evaluate and measure our business, prospects and performance metrics and respond accordingly;
•the failure of our risk management policies and procedures to be adequate to identify, monitor and manage risks, which may leave us exposed to unidentified or unanticipated risks;
•any litigation to which we are party being resolved unfavorably to our prior expectations, whether through court decisions or otherwise through effecting settlements (where such settlements are capable of being achieved), based on emerging information, the actions of other parties or any other failure to resolve such litigation favorably;
•the inherent unpredictability of litigation and any related settlement negotiations which may or may not lead to an agreed settlement of particular matters;
•the outcomes of probabilistic models which are based on historical assumptions and which can differ from actual results or other emerging information as compared to such assumptions;
•the less developed data and parameter inputs for industry catastrophe models for perils such as wildfires and flood;
•the effect of climate change on our business, including the trend towards increasingly frequent and severe catastrophic events;
•the possibility of greater frequency or severity of claims and loss activity than our underwriting, reserving or investment practices have anticipated;
•the development and pattern of earned and written premiums impacting embedded premium value;
•the reliability of pricing, accumulation and estimated loss models;
•the impact of complex causation and coverage issues associated with attribution of losses;
•the actual development of losses and expenses impacting estimates for claims which arose as a result of loss activity, particularly for events where estimates are preliminary until the development of such reserves based on emerging information over time;
•our ability to successfully implement our long-term strategy and compete successfully with more established competitors and increased competition relating to consolidation in the reinsurance and insurance industries;
•any downgrades, potential downgrades or other negative actions by rating agencies relating to us or our industry;
•changes to our strategic relationship with The Fidelis Partnership and our dependence on the Delegated Underwriting Authority Agreements for our underwriting and claims-handling operations;
•our dependence on key executives and ability to attract qualified personnel;
•our dependence on letter of credit facilities that may not be available on commercially acceptable terms;
9


•our potential inability to pay dividends or distributions in accordance with our current dividend policy, due to changing conditions;
•availability of outwards reinsurance on commercially acceptable terms;
•the recovery of losses and reinstatement premiums from our reinsurance providers;
•our potential need for additional capital in the future and the potential unavailability of such capital to us on favorable terms or at all;
•our dependence on clients’ evaluation of risks associated with such clients’ insurance underwriting;
•the suspension or revocation of our subsidiaries’ insurance licenses;
•our potentially being subject to certain adverse tax or regulatory consequences in the U.S., U.K. or Bermuda;
•risks associated with our investment strategy such as market risk, interest rate risk, currency risk and credit default risk;
•the impact of tax reform and changes in the regulatory environment and the potential for greater regulatory scrutiny of the Group as a result of the outsourcing arrangements;
•heightened risk of cybersecurity incidents and their potential impact on our business;
•operational failures, including the operational risk associated with outsourcing to The Fidelis Partnership, failure of information systems or failure to protect the confidentiality of customer information, including by service providers, or losses due to defaults, errors or omissions by third parties and affiliates;
•risks relating to our ability to identify and execute opportunities for growth or our ability to complete transactions as planned or realize the anticipated benefits of our acquisitions or other investments; and
•those risks, uncertainties and other factors disclosed under the section titled ‘Risk Factors’ in Fidelis Insurance Holdings Limited’s Annual Report on Form 20-F filed with the SEC on March 15, 2024 (which such section is incorporated herein by reference) (the “2023 Annual Report”), its Form 6-K filed with the SEC on February 19, 2025, as well as subsequent Annual and Current Report filings with the SEC available electronically at www.sec.gov.

The foregoing factors should not be construed as exhaustive and should be read together with the other cautionary statements included in filings with the SEC. All forward-looking statements included herein are expressly qualified in their entirety by the cautionary statements contained or referred to therein. Any forward-looking statements, expectations, beliefs and projections made by us in this release and on our related conference call speak only as of the date referenced on such date on which they are made and are expressed in good faith and our management believes that there is reasonable basis for them, based only on information currently available to us. There can be no assurance that management’s expectations, beliefs, and projections will be achieved and actual results may vary materially from what is expressed or indicated by the forward-looking statements. Furthermore, our past performance, and that of our management team and of The Fidelis Partnership, should not be construed as a guarantee of future performance. Except to the extent required by applicable laws and regulations, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. In light of these risks and uncertainties, you should keep in mind that any event described in a forward-looking statement might not occur.

10


Fidelis Insurance Group Investor Contact:

Fidelis Insurance Group
Miranda Hunter
+1 (441) 279 2561
miranda.hunter@fidelisinsurance.com

Fidelis Insurance Group Media Contacts:

Kekst CNC
Nick Capuano / Ruth Pachman
917-842-7859 / 917-842-1122
Fidelis@kekstcnc.com

Rein4ce
Sarah Hills
+44 (0)7718 882011
sarah.hills@rein4ce.co.uk
11


FIDELIS INSURANCE HOLDINGS LIMITED
Consolidated Balance Sheets
At December 31, 2024 (Unaudited) and December 31, 2023
(Expressed in millions of U.S. dollars, except share and per share amounts)
December 31,
2024		December 31, 2023
Assets
Fixed maturity securities, available-for-sale, at fair value
(amortized cost: $3,403.8, 2023: $3,271.4 (net of allowance for credit losses of $5.9, 2023: $1.3))
$3,411.6 $3,244.9 
Short-term investments, available-for-sale, at fair value
(amortized cost: $221.9, 2023: $49.0 (net of allowance for credit losses of $nil, 2023: $nil))
222.1 49.0 
Other investments, at fair value (amortized cost: $200.1, 2023: $50.8)
201.0 47.5 
Total investments3,834.7 3,341.4 
Cash and cash equivalents743.0 712.4 
Restricted cash and cash equivalents203.6 251.7 
Accrued investment income35.3 27.2 
Premiums and other receivables (net of allowance for credit losses of $11.8, 2023: $17.3)
2,729.4 2,209.3 
Amounts due from The Fidelis Partnership (net of allowance for credit losses of $nil, 2023: $nil)
208.9 173.3 
Deferred reinsurance premiums1,422.2 1,061.4 
Reinsurance balances recoverable on paid losses (net of allowance for credit losses of $0.2, 2023: $nil)
278.4 182.7 
Reinsurance balances recoverable on reserves for losses and loss adjustment expenses
(net of allowance for credit losses of $0.8, 2023: $1.3)
1,255.6 1,108.6 
Deferred policy acquisition costs
(includes The Fidelis Partnership deferred commissions of $200.2, 2023: $164.1)
877.9 786.6 
Other assets176.9 173.5 
Total assets$11,765.9 $10,028.1 
Liabilities and shareholders' equity
Liabilities
Reserves for losses and loss adjustment expenses$3,134.3 $2,448.9 
Unearned premiums3,651.5 3,149.5 
Reinsurance balances payable1,540.6 1,071.5 
Amounts due to The Fidelis Partnership 385.8 334.5 
Long term debt448.9 448.2 
Preference securities ($0.01 par, redemption price and liquidation preference $10,000)58.4 58.4 
Other liabilities98.0 67.3 
Total liabilities9,317.5 7,578.3 
Commitments and contingencies
Shareholders' equity
Common shares ($0.01 par, issued and outstanding: 111,730,209, 2023: 117,914,754)1.2 1.2 
Additional paid-in capital2,044.6 2,039.0 
Accumulated other comprehensive income/(loss)4.5 (27.0)
Retained earnings503.6 436.6 
Common shares held in treasury, at cost (shares held: 6,570,003, 2023: nil)
(105.5)— 
Total shareholders' equity2,448.4 2,449.8 
Total liabilities and shareholders' equity$11,765.9 $10,028.1 
12


FIDELIS INSURANCE HOLDINGS LIMITED
Consolidated Statements of Income and Comprehensive Income (Unaudited)
For the three and twelve months ended December 31, 2024 and December 31, 2023
(Expressed in millions of U.S. dollars, except for share and per share amounts)
Three Months EndedTwelve Months Ended
December 31, 2024December 31, 2023December 31, 2024December 31, 2023
Revenues
Gross premiums written$953.7 $783.9 $4,403.1 $3,579.0 
Reinsurance premiums ceded(475.0)(234.7)(2,008.5)(1,442.4)
Net premiums written478.7 549.2 2,394.6 2,136.6 
Change in net unearned premiums155.8 (41.4)(136.5)(304.0)
Net premiums earned634.5 507.8 2,258.1 1,832.6 
Net investment income51.4 38.7 190.5 119.5 
Net realized and unrealized investment gains/(losses)(12.1)7.3 (28.6)4.9 
Other income/(loss)— (0.1)— 0.1 
Total revenues before net gain on distribution of The Fidelis Partnership673.8 553.7 2,420.0 1,957.1 
Net gain on distribution of The Fidelis Partnership———1,639.1
Total revenues673.8 553.7 2,420.0 3,596.2 
Expenses
Losses and loss adjustment expenses513.0 189.2 1,155.8 698.8 
Policy acquisition expenses (includes The Fidelis Partnership commissions of $62.1 and $311.1 (2023: $77.9 and $225.3)) 275.5 198.5 999.7 723.8 
General and administrative expenses23.6 25.7 94.3 82.7 
Corporate and other expenses— 0.7 1.6 4.1 
Net foreign exchange (gains)/losses(6.5)4.9 (1.6)4.1 
Financing costs7.7 8.9 33.8 35.5 
Total expenses813.3 427.9 2,283.6 1,549.0 
Income/(loss) before income taxes(139.5)125.8 136.4 2,047.2 
Income tax (expense)/benefit17.3 102.5 (23.1)85.3 
Net income/(loss)$(122.2)$228.3 $113.3 $2,132.5 
Other comprehensive income/(loss)
Unrealized gains/(losses) on available-for-sale investments$(60.8)$66.8 $9.6 $81.7 
Reclassification of net realized losses recognized in net income5.2 0.1 24.7 0.7 
Income tax (expense)/benefit, all of which relates to unrealized gains/(losses) on available-for-sale investments4.0 (8.3)(2.8)(9.7)
Total other comprehensive income/(loss)(51.6)58.6 31.5 72.7 
Comprehensive income/(loss) $(173.8)$286.9 $144.8 $2,205.2 
Per share data
Earnings/(loss) per common share
Earnings/(loss) per common share$(1.09)$1.94 $0.98 $18.65 
Earnings/(loss) per diluted common share$(1.09)$1.93 $0.98 $18.65 
Weighted average common shares outstanding111,727,617 117,914,754 115,218,380 114,313,971 
Weighted average diluted common shares outstanding111,727,617 118,249,860 115,627,181 114,324,683 
13


FIDELIS INSURANCE HOLDINGS LIMITED
Consolidated Segment Data (Unaudited)
For the three and twelve months ended December 31, 2024 and December 31, 2023
(Expressed in millions of U.S. dollars)
Three Months Ended December 31, 2024
InsuranceReinsuranceOtherTotal
Gross premiums written$921.9 $31.8 $— $953.7 
Net premiums written525.0 (46.3)— 478.7 
Net premiums earned542.9 91.6 — 634.5 
Losses and loss adjustment expenses(480.1)(32.9)— (513.0)
Policy acquisition expenses(190.5)(22.9)(62.1)(275.5)
General and administrative expenses— — (23.6)(23.6)
Underwriting income/(loss)(127.7)35.8 (177.6)
Net investment income51.4 
Net realized and unrealized investment losses(12.1)
Corporate and other expenses— 
Net foreign exchange gains6.5 
Financing costs(7.7)
Loss before income taxes(139.5)
Income tax benefit17.3 
Net loss$(122.2)
Losses and loss adjustment expenses incurred - current year(198.8)(43.9)$(242.7)
Losses and loss adjustment expenses incurred - prior accident years(281.3)11.0 (270.3)
Losses and loss adjustment expenses incurred - total$(480.1)$(32.9)$(513.0)
Underwriting Ratios(1)
Loss ratio - current year36.6 %47.9 %38.3 %
Loss ratio - prior accident years51.8 %(12.0 %)42.6 %
Loss ratio - total88.4 %35.9 %80.9 %
Policy acquisition expense ratio35.1 %25.0 %33.6 %
Underwriting ratio123.5 %60.9 %114.5 %
The Fidelis Partnership commissions ratio9.8 %
General and administrative expense ratio3.7 %
Combined ratio128.0 %
________________
(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.
14


Three Months Ended December 31, 2023
InsuranceReinsuranceOtherTotal
Gross premiums written$776.0 $7.9 $— $783.9 
Net premiums written533.2 16.0 — 549.2 
Net premiums earned430.2 77.6 — 507.8 
Losses and loss adjustment expenses(186.2)(3.0)— (189.2)
Policy acquisition expenses(97.5)(23.1)(77.9)(198.5)
General and administrative expenses— — (25.7)(25.7)
Underwriting income146.5 51.5 94.4 
Net investment income38.7 
Net realized and unrealized investment gains7.3 
Other loss(0.1)
Corporate and other expenses(0.7)
Net foreign exchange losses(4.9)
Financing costs(8.9)
Income before income taxes125.8 
Income tax benefit102.5 
Net income$228.3 
Losses and loss adjustment expenses incurred - current year(184.7)(19.6)$(204.3)
Losses and loss adjustment expenses incurred - prior accident years(1.5)16.6 15.1 
Losses and loss adjustment expenses incurred - total$(186.2)$(3.0)$(189.2)
Underwriting Ratios(1)
Loss ratio - current year43.0 %25.3 %40.3 %
Loss ratio - prior accident years0.3 %(21.4 %)(3.0 %)
Loss ratio - total43.3 %3.9 %37.3 %
Policy acquisition expense ratio22.7 %29.8 %23.7 %
Underwriting ratio66.0 %33.7 %61.0 %
The Fidelis Partnership commissions ratio15.3 %
General and administrative expense ratio5.1 %
Combined ratio81.4 %
________________
(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.

15


Twelve months ended December 31, 2024
InsuranceReinsuranceOtherTotal
Gross premiums written$3,538.5 $864.6 $— $4,403.1 
Net premiums written2,050.4 344.2 — 2,394.6 
Net premiums earned1,902.4 355.7 — 2,258.1 
Losses and loss adjustment expenses(1,101.5)(54.3)— (1,155.8)
Policy acquisition expenses(604.6)(84.0)(311.1)(999.7)
General and administrative expenses— — (94.3)(94.3)
Underwriting income196.3 217.4 8.3 
Net investment income190.5 
Net realized and unrealized investment losses(28.6)
Corporate and other expenses(1.6)
Net foreign exchange gains1.6 
Financing costs(33.8)
Income before income taxes136.4 
Income tax expense(23.1)
Net income$113.3 
Losses and loss adjustment expenses incurred - current year(916.9)(114.3)$(1,031.2)
Losses and loss adjustment expenses incurred - prior accident years(184.6)60.0 (124.6)
Losses and loss adjustment expenses incurred - total$(1,101.5)$(54.3)$(1,155.8)
Underwriting Ratios(1)
Loss ratio - current year48.2 %32.2 %45.7 %
Loss ratio - prior accident years9.7 %(16.9 %)5.5 %
Loss ratio - total57.9 %15.3 %51.2 %
Policy acquisition expenses ratio31.8 %23.6 %30.5 %
Underwriting ratio89.7 %38.9 %81.7 %
The Fidelis Partnership commissions ratio13.8 %
General and administrative expenses ratio4.2 %
Combined ratio99.7 %
________________
(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.
16


Twelve months ended December 31, 2023
InsuranceReinsuranceOtherTotal
Gross premiums written$2,960.4 $618.6 $— $3,579.0 
Net premiums written1,880.5 256.1 — 2,136.6 
Net premiums earned1,577.0 255.6 — 1,832.6 
Losses and loss adjustment expenses(675.1)(23.7)— (698.8)
Policy acquisition expenses(429.1)(69.4)(225.3)(723.8)
General and administrative expenses— — (82.7)(82.7)
Underwriting income472.8 162.5 327.3 
Net investment income119.5 
Net realized and unrealized investment gains4.9 
Other income0.1 
Net gain on distribution of The Fidelis Partnership1,639.1 
Corporate and other expenses(4.1)
Net foreign exchange losses(4.1)
Financing costs(35.5)
Income before income taxes2,047.2 
Income tax benefit85.3 
Net income$2,132.5 
Losses and loss adjustment expenses incurred - current year(669.5)(92.2)$(761.7)
Losses and loss adjustment expenses incurred - prior accident years(5.6)68.5 62.9 
Losses and loss adjustment expenses incurred - total$(675.1)$(23.7)$(698.8)
Underwriting Ratios(1)
Loss ratio - current year42.4 %36.1 %41.5 %
Loss ratio - prior accident years0.4 %(26.8 %)(3.4 %)
Loss ratio - total42.8 %9.3 %38.1 %
Policy acquisition expenses ratio27.2 %27.2 %27.2 %
Underwriting ratio70.0 %36.5 %65.3 %
The Fidelis Partnership commissions ratio12.3 %
General and administrative expenses ratio4.5 %
Combined ratio82.1 %
________________
(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.

17


The table below sets forth gross premiums written by line of business for the years ended December 31, 2024 and 2023:
20242023
GPW% of totalGPW% of total
Insurance
Property$1,279.6 29 %$988.1 28 %
Marine785.7 18 %673.4 19 %
Asset Backed Finance & Portfolio Credit399.2 9 %293.3 8 %
Aviation & Aerospace339.5 8 %371.8 10 %
Political Risk, Violence & Terror204.2 4 %221.7 6 %
Energy192.5 4 %172.1 5 %
Cyber82.9 2 %69.9 2 %
Other Insurance254.9 6 %170.1 4 %
Total Insurance3,538.5 80 %2,960.4 82 %
Reinsurance
Property Reinsurance832.9 19 %596.8 17 %
Retro & Whole Account31.7 1 %21.8 1 %
Total Reinsurance864.6 20 %618.6 18 %
Total$4,403.1 100 %$3,579.0 100 %

18


FIDELIS INSURANCE HOLDINGS LIMITED
NON-GAAP FINANCIAL MEASURES RECONCILIATION (UNAUDITED)
Attritional loss ratio and catastrophe and large loss ratio: the attritional loss ratio is a non-GAAP measure of the loss ratio excluding the impact of catastrophe and large losses. Management believes that the attritional loss ratio is a performance measure that is useful to investors as it excludes losses that are not as predictable as to timing and amount. The attritional loss ratio is calculated by dividing the losses and loss adjustment expenses, excluding catastrophe and large losses and prior year development, by NPE. The catastrophe and large loss ratio is a non-GAAP measure that is calculated by dividing the current year catastrophe and large loss expense by NPE. The reconciliation of these non-GAAP measures is included in each segment’s summary of losses and loss adjustment expenses table.

Operating net income: is a non-GAAP financial measure of our performance which does not consider the impact of certain non-recurring and other items that may not properly reflect the ordinary activities of our business, its performance or its future outlook. This measure is calculated as net income available to common shareholders excluding net gain on distribution of The Fidelis Partnership, net realized and unrealized investment gains/(losses), net foreign exchange gains/(losses), and corporate and other expenses which include warrant costs, reorganization expenses, any non-recurring income and expenses, and the income tax effect on these items.
Return on average common equity (“ROAE”): represents net income available to common shareholders divided by average common shareholders’ equity.
Operating return on opening common equity (“Operating ROE”): is a non-GAAP financial measure that represents a meaningful comparison between periods of our financial performance expressed as a percentage and is calculated as operating net income divided by adjusted opening common shareholders’ equity.
Operating return on average common equity (“Operating ROAE”): is a non-GAAP financial measure that represents a meaningful comparison between periods of our financial performance expressed as a percentage and is calculated as operating net income divided by adjusted average common shareholders’ equity.
Operating earnings per share (“Operating EPS”): is a non-GAAP financial measure that represents a valuable measure of profitability and enables investors, analysts, rating agencies and other users of Fidelis Insurance Group’s financial information to more easily analyze Fidelis Insurance Group’s results in a manner similar to how management analyzes Fidelis Insurance Group’s underlying business performance. It is calculated by dividing operating net income by the weighted average diluted common shares outstanding.


19


The table below sets out the calculation of the adjusted average common shareholders’ equity, operating net income, ROAE, Operating ROE, Operating ROAE and Operating EPS, for the three and twelve months ended December 31, 2024, and 2023.
Three Months Ended December 31,Twelve Months Ended December 31,
2024202320242023
($ in millions)
Net income/(loss)$(122.2)$228.3 $113.3 $2,132.5 
Adjustment for net gain on distribution of The Fidelis Partnership— — — (1,639.1)
Adjustment for net realized and unrealized investment (gains)/losses12.1 (7.3)28.6 (4.9)
Adjustment for net foreign exchange (gains)/losses(6.5)4.9 (1.6)4.1 
Adjustment for corporate and other expenses— 0.7 1.6 4.1 
Income tax effect of the above items(1.1)(91.2)(4.9)(97.8)
Operating net income/(loss)$(117.7)$135.4 $137.0 $398.9 
Average common shareholders' equity$2,540.4 $2,305.0 $2,449.1 $2,213.3 
Opening common shareholders' equity
2,632.3 2,160.1 2,449.8 1,976.8 
Adjustments related to the Separation Transactions— — — (178.4)
Adjusted opening common shareholders’ equity2,632.3 2,160.1 2,449.8 1,798.4 
Closing common shareholders' equity2,448.4 2,449.8 2,448.4 2,449.8 
Adjusted average common shareholders' equity$2,540.4 $2,305.0 $2,449.1 $2,124.1 
Weighted average Common Shares outstanding111,727,617117,914,754115,218,380114,313,971
Share-based compensation plans—335,106408,80110,712
Weighted average diluted Common Shares outstanding111,727,617118,249,860115,627,181114,324,683
ROAE
(4.8 %)9.9 %4.6 %96.3 %
Operating ROE(4.5 %)6.3 %5.6 %22.2 %
Operating ROAE
(4.6 %)5.9 %5.6 %18.8 %
Earnings/(loss) per diluted common share$(1.09)$1.93 $0.98 $18.65 
Operating EPS$(1.05)$1.15 $1.18 $3.49 

20

Investor Presentation December 31, 2024

 
fidelisinsurance.com This presentation, the related press release, posts on our website and LinkedIn and the related discussion and analysis relating to our financial results for the three and twelve months ended December 31, 2024 contain, and our officers and representatives may from time to time make (including on our related earnings conference call), “forward-looking statements” which include all statements that do not relate solely to historical or current facts and which may concern our strategy, plans, targets, projections or intentions and are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “continue,” “grow,” “opportunity,” “create,” “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “target,” “expect,” “evolve,” “achieve,” “remain,” “proactive,” “pursue,” “optimize,” “emerge,” “seek,” “build,” “looking ahead,” “commit,” “strategy,” “predict,” “potential,” “assumption,” “future,” “likely,” “may,” “should,” “could,” “will” and the negative of these and also similar terms and phrases. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are qualified by these cautionary statements, because they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, targets, projections, anticipated events and trends, the economy and other future conditions, but are subject to significant business, economic, legal and competitive uncertainties, many of which are beyond our control or are subject to change. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Examples of forward-looking statements include, among others, statements we make in relation to: targeted operating results such as return on equity, net earnings and net earnings per share, underwriting profitability and target combined, loss and expense ratios, growth in gross written premiums and book value; our expectations regarding current settlement discussions, court cases and current settlement and litigation strategies; our expectations regarding our business and capital management strategy and the performance of our business; information regarding our estimates for catastrophes, claims and other loss events; our liquidity and capital resources; and expectations of the effect on our results of operations and financial condition of our loss claims, litigation, climate change impacts, contingent liabilities and governmental and regulatory investigations and proceedings. Our actual results in the future could differ materially from those anticipated in any forward-looking statements as a result of changes in assumptions, risks, uncertainties and other factors impacting us, many of which are outside our control, including: our ability to manage risks associated with macroeconomic conditions including any escalation of the Russia Ukraine Conflict or those in the Middle East, or related sanctions and other geopolitical events globally; the recent trend of premium rate hardening and factors likely to drive continued rate hardening or a softening leading to a cyclical downturn of pricing in the (re)insurance industry; the impact of inflation (including social inflation) or deflation in relevant economies in which we operate; our ability to evaluate and measure our business, prospects and performance metrics and respond accordingly; the failure of our risk management policies and procedures to be adequate to identify, monitor and manage risks, which may leave us exposed to unidentified or unanticipated risks; any litigation to which we are party being resolved unfavorably to our prior expectations, whether through court decisions or otherwise through effecting settlements (where such settlements are capable of being achieved), based on emerging information, the actions of other parties or any other failure to resolve such litigation favorably; the inherent unpredictability of litigation and any related settlement negotiations which may or may not lead to an agreed settlement of particular matters; the outcomes of probabilistic models which are based on historical assumptions and which can differ from actual results or other emerging information as compared to such assumptions; the less developed data and parameter inputs for industry catastrophe models for perils such as wildfires and flood; the effect of climate change on our business, including the trend towards increasingly frequent and severe catastrophic events; the possibility of greater frequency or severity of claims and loss activity than our underwriting, reserving or investment practices have anticipated; the development and pattern of earned and written premiums impacting embedded premium value; the reliability of pricing, accumulation and estimated loss models; the impact of complex causation and coverage issues associated with attribution of losses; the actual development of losses and expenses impacting estimates for claims which arose as a result of loss activity, particularly for events where estimates are preliminary until the development of such reserves based on emerging information over time; our ability to successfully implement our long-term strategy and compete successfully with more established competitors and increased competition relating to consolidation in the reinsurance and insurance industries; any downgrades, potential downgrades or other negative actions by rating agencies relating to us or our industry; changes to our strategic relationship with The Fidelis Partnership and our dependence on the Delegated Underwriting Authority Agreements for our underwriting and claims-handling operations; our dependence on key executives and ability to attract qualified personnel; our dependence on letter of credit facilities that may not be available on commercially acceptable terms; our potential inability to pay dividends or distributions in accordance with our current dividend policy, due to changing conditions; availability of outwards reinsurance on commercially acceptable terms; the recovery of losses and reinstatement premiums from our reinsurance providers; our potential need for additional capital in the future and the potential unavailability of such capital to us on favorable terms or at all; our dependence on clients’ evaluation of risks associated with such clients’ insurance underwriting; the suspension or revocation of our subsidiaries’ insurance licenses; our potentially being subject to certain adverse tax or regulatory consequences in the U.S., U.K. or Bermuda; risks associated with our investment strategy such as market risk, interest rate risk, currency risk and credit default risk; the impact of tax reform and changes in the regulatory environment and the potential for greater regulatory scrutiny of the Group as a result of the outsourcing arrangements; heightened risk of cybersecurity incidents and their potential impact on our business; operational failures, including the operational risk associated with outsourcing to The Fidelis Partnership, failure of information systems or failure to protect the confidentiality of customer information, including by service providers, or losses due to defaults, errors or omissions by third parties and affiliates; risks relating to our ability to identify and execute opportunities for growth or our ability to complete transactions as planned or realize the anticipated benefits of our acquisitions or other investments; and those risks, uncertainties and other factors disclosed under the section titled ‘Risk Factors’ in our Annual Report on Form 20-F filed with the SEC on March 15, 2024, our Form 6-K filed with the SEC on February 19, 2025, as well as subsequent Annual and Current Reports filed with the SEC available electronically at www.sec.gov. The foregoing factors should not be construed as exhaustive and should be read together with the other cautionary statements included in filings with the SEC. All forward-looking statements included herein are expressly qualified in their entirety by the cautionary statements contained or referred to therein. Any forward-looking statements, expectations, beliefs and projections made by us herein and on our related conference call speak only as of the date referenced on such date on which they are made and are expressed in good faith and our management believes that there is reasonable basis for them, based only on information currently available to us. There can be no assurance that management’s expectations, beliefs, and projections will be achieved and actual results may vary materially from what is expressed or indicated by the forward-looking statements. Furthermore, our past performance, and that of our management team and of The Fidelis Partnership, should not be construed as a guarantee of future performance. Except to the extent required by applicable laws and regulations, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. In light of these risks and uncertainties, you should keep in mind that any event described in a forward-looking statement might not occur. Basis of Presentation Cautionary Note Regarding Forward-Looking Statements 2

 
fidelisinsurance.com Basis of Presentation Business Descriptions Insurance Segment The Insurance segment comprises a portfolio of specialty risks. In addition to major specialty lines of business, this segment includes highly tailored products, where the buying motivation is often driven by regulatory capital relief, capital efficiency or transaction facilitation. The Insurance segment benefits from quota share, aggregate, stop loss and excess of loss retrocessional cover and industry loss warranties, which help to reduce volatility. Our Insurance segment provides us with access to capital-efficient business and facilitates diversification of our exposures. The following are the lines of business in our Insurance segment: Property: provides cover for all risks of direct physical loss or damage, business interruption and natural catastrophe perils. The portfolio covers a wide range of occupancies from real estate portfolios, municipalities, infrastructure, schools, commercial and manufacturing accounts and construction risks. We write a mix of global, North American and individual international territory risks. Marine: provides cover for a range of exposures on a global basis including marine hull, marine cargo, construction and marine war. Asset Backed Finance & Portfolio Credit: includes asset-backed nonpayment, economically linked risk (e-cat), mortgage indemnity, structured credit, and surety. Drivers for specific risk transfer for these products are often different from traditional insurance procurement and include regulatory capital relief, capital efficiency and transaction facilitation. Aviation and Aerospace: provides a range of cover for owners and financiers of aircraft including airline hull and liability ‘all-risks’, contingent aviation, AV52 war liability and hull war as well as product liability for the world’s leading manufacturers. We also cover pre- launch, transit and launch risk for satellite manufacturers and operators in our Aerospace book. Energy: provides cover for a range of exposures across the energy spectrum, this includes construction and operational renewable energy projects globally, operational downstream energy/power & utilities, and construction and operational upstream energy. Political Risk Violence & Terror: provides insurance products for clients such as banks, commodity traders, corporations and multilateral and export credit agencies through political risk and contract frustration/non-payment coverages and both damage and non-damage cover from perils including terrorism, civil unrest, strikes, riots, civil commotion and sabotage through political violence and terror covers. Cyber: products reimburse damages and financial losses arising from accidental or malicious incidents affecting a business’s computer networks, software and data, both on a first and third party basis, we write a diverse mix of business SME to Large Corporate, across a number of geographies predominantly on a reinsurance basis. Other Insurance: includes contingency providing coverage for event cancellation, non appearance and other contingencies, title insurance, warranty insurance and other specialty risks. Reinsurance Segment Our Reinsurance segment consists of an actively managed, property reinsurance book, providing reinsurance and a limited amount of retrocession coverage worldwide on a proportional or excess of loss basis. The portfolio is global, with a significant concentration in North America. Additionally, it includes smaller exposures in other regions around the world, particularly in Japan, Europe, and Australasia. The Reinsurance segment benefits from quota share, aggregate, stop loss and excess of loss retrocessional cover, catastrophe bond cover and industry loss warranties, which helps to minimize the potential net losses in the business written. We believe our strategy of pursuing closely controlled aggregates and focusing on residential portfolios in the Reinsurance segment helps keep volatility lower than a typical catastrophe book. Renewal Price Index Measure Renewal price index (RPI) is a measure that Fidelis Insurance Holdings Limited (“Fidelis Insurance Group”, “Fidelis”, “FIHL”, or the “Company”)has used to assess an approximate index of rate increases on a particular set of contracts, using the base of 100% for the rates for the relevant prior year. Although management considers RPI to be an appropriate statistical measure, it is not a financial measure that directly relates to the Fidelis consolidated financial results. Management’s calculation of RPI involves a degree of judgment in relation to comparability of contracts and the relative impacts of changes in price, exposure, retention levels, as well as any other changing terms and conditions on the RPI calculation. Consideration is given to potential renewals of a comparable nature so it does not reflect every contract in Fidelis’ portfolio. The future profitability and performance of a portfolio of contracts expressed within the RPI is dependent upon many factors besides the trends in premium rates, including policy terms, conditions and wording. 3

 
fidelisinsurance.com $4.4 Billion Fidelis Insurance Group: At a Glance Note: 1. Results as at December 31, 2024, and market data per S&P Capital IQ as of February 24, 2025. 2. Business mix based on Gross Premiums Written for the full year ended December 31, 2024. 3. As of February 24, 2025. The financial strength ratings included in this presentation are provided by third-party rating agencies and are subject to adjustment at the sole discretion of those agencies. The presentation does not constitute an endorsement of the ratings by the presenter or any other party. Highlights Business Mix by Gross Premiums Written (“GPW”) • Diverse portfolio of over 100 products • Shorter-tail lines with optimized natural catastrophe exposure and no casualty exposure • Leveraging strategic relationships and nimble underwriting to drive market- leading combined ratios $11.8bn Total Assets(1) A AM Best(3) Stable Outlook A- S&P(3) Positive Outlook A3 Moody’s(3) Stable Outlook $1.6 bn Market Capitalization $4.8bn Cash & Invested Assets(1) “FIHL” Completed IPO on NYSE July 3rd, 2023 A leading global specialty insurer, leveraging strategic partnerships to offer innovative and tailored insurance solutions 80% INSURANCE 20% REINSURANCE 4

 
fidelisinsurance.com Why Invest in Fidelis Insurance Group Note: 1. This slide contains forward looking statements. See Cautionary Note Regarding Forward-Looking Statements on Slide 2. High quality, mature, and well positioned specialty insurance and reinsurance portfolio, enhanced by strategic partnerships with leading underwriters ensures reliable access to attractive risk Premium growth driven by differentiated lead positions and attractive conditions in a verticalized market Track record of delivering compelling combined ratios through the cycle Robust capital position with a disciplined and nimble approach to capital management, including returning capital to shareholders High quality book of specialty insurance business that creates long-term value by delivering returns to shareholders 5 Highly experienced leadership team with extensive underwriting, capital, and investment management expertise

 
fidelisinsurance.com Building on a Strong Foundation for Scale and Profitable Growth Note: 1. Calculated as the sum of losses and loss adjustment expenses, policy acquisition expenses and general and administrative expenses as a percentage of NPE in all periods except 2018. 6 2018 2019 2020 2021 2022 2023 2024 $0.7 $0.8 $1.6 $2.8 $3.0 $3.6 $4.4 80.7% 86.4% 80.4% 93.0% 91.9% 82.1% 99.7% 2018 2019 2020 2021 2022 2023 2024 GPW Growth, $bn Combined Ratio(1) 2018 – 2024 Fidelis Avg: 87.7%

 
fidelisinsurance.com Long-Term Shareholder Value Creation Framework Underwriting Profitability Investment Returns Mid to High 80s% Long-Term Target Combined Ratio Embedded portfolio yield + new money rate 13-15% Long-Term Target Capital Management ■ Allocating capital into attractive underwriting opportunities ■ Constantly reassessing our outwards reinsurance purchasing ■ Returning excess capital to common shareholders through a combination of dividends and opportunistic share buybacks Operating ROAE Maximizing long-term value for shareholders by growing book value per share, generating consistent returns, and optimizing capital management 7 Note: 1. This slide contains forward looking statements. See Cautionary Note Regarding Forward-Looking Statements on Slide 2.

 
fidelisinsurance.com 8 Property 29% Marine 18% Asset Backed Finance & Portfolio Credit 9% Aviation & Aerospace 8% Other Insurance 6% Political Risk, Violence & Terror 4% Energy 4% Cyber 2% Property Reinsurance 19% Retro & Whole Account 1% Over 100 products across our 10 major lines of business REINSURANCE $865m (20%) • Focused property catastrophe book • Sophisticated data and pricing capabilities $4.4 Billion INSURANCE $3,538m (80%) • Scale position across traditional specialty lines • 30 years+ of trading relationships • Highly flexible approach A Mature and Well-Positioned Portfolio Gross Premiums Written (for the year ended December 31, 2024)

 
fidelisinsurance.com Book Value Common Dividends GPW ($bn) Book Value Per Diluted Common Share Driving Strong Premium and BVPS Growth Note: 1. As of the Separation Transactions on January 3, 2023. $3.0 2022 2023 2024 $3.6 $4.4 $16.24 $21.79 2022 2023 2024 $20.69 (1) 9 $0.40

 
fidelisinsurance.com Key 2024 Takeaways Full Year Highlights Note: 1. Operating RoAE is a non-GAAP financial measure and is calculated as operating net income divided by adjusted average common shareholders’ equity. See Appendix for reconciliation. 2. Operating EPS is a non-GAAP financial measure and is calculated as operating net income divided by the diluted weighted average common shares outstanding. See Appendix for reconciliation. 2024 2023 Gross Premiums Written $4,403M $3,579M Net Premiums Earned $2,258M $1,833 Combined Ratio 99.7% 82.1% Operating ROAE(1) 5.6% 18.8% Net Investment Income $191M $120M Operating EPS(2) $1.18 $3.49 Diluted Book Value Per Share $21.79 $20.69 • Combined ratio of 99.7% and an operating ROAE of 5.6%. These results are inclusive of net adverse prior year period development related to the Aviation and Aerospace line of business • Robust top line growth with gross premiums written up 23.0% compared to 2023 underscoring our capacity to secure preferential rates, terms and conditions and reinforcing our position as a leader in a verticalized market • Net investment income increased meaningfully in 2024 attributed to an increase in investible assets compared to the prior year and a higher earned yield on our fixed income portfolio and cash balances. These higher yields have been driven by the short-tail nature of our portfolio and a program of strategic reinvestments at higher rates undertaken in 2024 • Returned $152 million to shareholders following the initiation of our dividend and share buyback programs in 2024 10

 
fidelisinsurance.com 11 Insurance Overview Note: 1. The Fidelis Partnership fees are not allocated to the segment level and policy acquisition costs as presented in the underwriting ratio are third party acquisition costs. $2,413 $2,960 $3,539 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 2022 2023 2024 $ in millions 51.0% 42.8% 57.9% 26.3% 27.2% 31.8% 77.3% 70.0% 89.7% 0% 25% 50% 75% 100% 125% 150% 2022 2023 2024 Loss Ratio Policy Acquisition Expense Ratio Gross Premiums Written Segment Highlights Underwriting Ratio (1) • Diverse Portfolio of Specialty Risks: The Insurance segment includes a diverse portfolio of specialty risks, such as Aviation and Aerospace, Energy, Marine, Property, Cyber, Asset Backed Finance & Portfolio Credit, Political Risk, Violence & Terror, and Other Insurance risks including highly tailored products driven by regulatory capital relief, capital efficiency, or transaction facilitation. • Opportunities for Targeted Growth: A favorable rating environment, characterized by years of compound rate increases across multiple business lines, has created opportunities for targeted growth within the Insurance segment. • Cross-Selling and Established Relationships: By leveraging our line size and lead position, we can cross-sell across our portfolio and secure preferential terms and conditions. Long-established relationships have enabled us to build a robust book of specialty business. • Portfolio Management: The Insurance segment benefits from various retrocessional covers, including quota share, aggregate, stop loss, and excess of loss, as well as industry loss warranties. These measures help reduce volatility and provide access to capital-efficient business, facilitating diversification of our exposures.

 
fidelisinsurance.com 12 Reinsurance Overview Note: 1. The Fidelis Partnership fees are not allocated to the segment level and policy acquisition costs as presented in the underwriting ratio are third party acquisition costs. • Primary Focus on Residential Property Catastrophe Reinsurance: The Reinsurance segment is centered on residential property catastrophe reinsurance, including Property and Retro & Whole Account reinsurance, with a global portfolio and significant concentration in North America. • Strategic Underwriting of Catastrophe Events: The segment emphasizes underwriting excess of loss reinsurance products with attachment points primarily exposed to true catastrophe events, ensuring a focused and strategic approach to risk management. • Comprehensive Risk Mitigation: We employ various risk mitigation strategies, including quota share, aggregate, stop loss, and excess of loss retrocessional cover, as well as catastrophe bond cover and industry loss warranties, to minimize potential net losses. • Portfolio Management: By pursuing closely controlled aggregates and concentrating on residential portfolios, the Reinsurance segment aims to take advantage of increased demand for coverage without increasing portfolio exposures or compromising our view of risk. $605 $619 $865 $0 $200 $400 $600 $800 $1,000 2022 2023 2024 $ in millions 75.0% 9.3% 15.3% 22.4% 27.2% 23.6% 97.4% 36.5% 38.9% 0% 25% 50% 75% 100% 125% 2022 2023 2024 Loss Ratio Policy Acquisition Expense Ratio Gross Premiums Written Segment Highlights Underwriting Ratio (1)

 
fidelisinsurance.com Diversified Investment Portfolio 13 Note: 1. Includes Quasi Government and Non U.S.-Government securities. 2. Includes agency residential mortgage-backed and an immaterial amount of commercial mortgage-backed fixed maturity investments. 3. Includes cash and cash equivalents and includes restricted cash. Asset Allocation Fixed Income Portfolio Credit Quality $4.8bn Total Cash and Investments 40% Cash and U.S. Treasury Securities Fixed income portfolio earning attractive yields enhanced with a diversifying allocation to other investments Strategy focused on delivering attractive investment income while targeting an above-average risk-adjusted total return through all market cycles As of December 31, 2024 ($ in millions) 41% Corporates(1) 20% Cash(3) 20% U.S. Treasuries 9% Other ABS 4% Other Investments6% Agency MBS(2) As of December 31, 2024 11% AAA 35% A 13% BBB 40% AA $3.6bn Fixed Income Portfolio 2.8yrs Duration AA- Weighted-Average Credit Quality ~86% Rated A- or Better 1% Below BBB

 
fidelisinsurance.com 14 Robust Capital Position and Disciplined Approach to Capital Allocation Note: 1. Annual yield is the annualized Q4 2024 dividend divided by $14.51, the closing share price as of February 24, 2025. 2. As of February 24, 2025. The ratings included in this presentation are provided by third-party rating agencies and are subject to adjustment at the sole discretion of those agencies. The presentation does not constitute an endorsement of the ratings by the presenter or any other party. 3. As of February 24, 2025. • Committed to proactively managing and allocating capital to maintain financial strength and drive profitable underwriting • Total long-term debt and preference securities of $507 million, resulting in a debt-to-total capital ratio of 17.2% • Total capital of $3.0 billion • Ample liquidity to pursue growth goals and return capital to shareholders ‒ Quarterly dividend of $0.10 per Common Share, equating to a dividend yield of 2.8%(1) ‒ In August 2024, the company announced a $200 million common share repurchase authorization, $145 million remains available for repurchase under this authorization(3) Disciplined Capital Allocation A AM Best Insurer Financial Strength Rating Stable Outlook(2) A- S&P Insurer Financial Strength Rating Positive Outlook(2) A3 Moody’s Insurer Financial Strength Rating Stable Outlook(2) As of December 31, 2024 ($ in millions) $2,448.4 $58.4 $448.9 $2,955.7 Common Equity Preferred Equity Long-Term Debt Total Capital Capital Strength and Balance Sheet Scale

 
fidelisinsurance.com Despite market wide issues such as deterioration on natural catastrophe events and inflationary environment, Fidelis has experienced favorable prior year development every financial year since inception Reserving Philosophy We employ a robust reserving methodology with a consistent approach to reserving over time Reserving Framework Philosophy • Employ a robust reserve methodology and take a consistent approach to reserving over time • Avoid systematic and excessive over or under reserving. Risk Tolerance • Reserves are set taking into account independent reserve estimates and are generally consistent with actuarial levels • Independent third-party actuarial consultancy performs annual reserve estimate Reserving Approach • Reserves are booked promptly with a short period of discovery of loss enabling quick future reserve movements • Significant proportion of reserves relate to claims already notified, against which Fidelis holds individually evaluated case reserves and specific IBNR Review • Quarterly actuarial review • Quarterly full governance process with various Board committees • Annual full external actuarial review Cumulative favorable prior period development of $93 million since inception Net Favorable / (Adverse) Prior Year Reserve Development ($m) $3 $24 $49 $10 $38 $10 $22 $63 $(125) 2016 2017 2018 2019 2020 2021 2022 2023 2024 15 Note: 1. Net adverse development for the year ended December 31, 2024 was driven primarily by an increase in our Aviation and Aerospace line of business related to the Ukraine Conflict, partially offset by better than expected loss emergence and by benign prior year attritional experience in several other lines of business. (1)

 
fidelisinsurance.com FIHL’s Chief Underwriting Officer and members of the FIHL underwriting team participate in daily underwriting calls with The Fidelis Partnership and oversee underwriting strategy and execution Underwriting Platform Facilitates Reliable Access to Attractive Risk Long-term strategic partnership with The Fidelis Partnership creates significant benefits Rolling 10-year agreement ensures long-term continuity and access to underwriting by The Fidelis Partnership Superior Underwriting Performance Close collaboration with The Fidelis Partnership to actively shape the inwards and outwards portfolio Lead Underwriter Across Deals Strong industry positioning enables Fidelis to serve as a “price maker” not a “price taker” Dynamic Portfolio Construction Ability to react real-time to market trends as a result of agile portfolio construction Access to Premier Underwriting Talent Standalone MGU with strong distribution partners and relationships 16

 
fidelisinsurance.com 17 Appendix

 
fidelisinsurance.com Framework Agreement with The Fidelis Partnership A long-term relationship with aligned economic and strategic interest, designed to capture the core competencies of FIHL and The Fidelis Partnership (“TFP”) How it Works Fee Structure Note: 1. Pine Walk agreements are separate from binder and calculated based on GPW. Commission % based on TFP commissions from Pine Walk divided by total Pine Walk cells’ GPW; Pine Walk cells are The Fidelis Partnership HoldCo’s operating subsidiaries focused on underwriter talent incubation in specialized practice areas. 2. Broadly defined as Fidelis IG’s net underwriting margin less certain expenses and debt interest divided by TFP’s proportion of opening shareholders’ equity adjusted for dividends and equity raises. Binder Operating ROE excludes investment returns and includes deficit account for losses which carryforward 3 years. • Exclusive relationship governed by a long-term Framework Agreement providing strong economic alignment between FIHL and TFP Strongly incentivized to provide sophisticated underwriting with a fee structure that rewards both profitability and strong growth, all consistent with arm’s length market pricing FIHL agrees Annual Plan with TFP Sets out terms of new business, risk appetites, outwards reinsurance requirements, capital and solvency requirements Mutual first access via FIHL Right of First Refusal (ROFR) and TFP Right of First Offer (ROFO) Mutual first access for business that is not already set out in the annual plan and option to source business with 3rd party broker thereafter Termination provisions Include underwriting performance thresholds, termination rights under fraud, insolvency and material breach of contract conditions and provisions for regulatory issue or rating downgrades Rolling 10-year term Auto renews in year 1–3 with written election by FIHL required for subsequent renewals Fr am ew or k Ag re em en t O ut so ur ci ng Ag re em en t Services • Credit control and technical accounting • IT support services • Performed In collaboration with Fidelis IG • Outwards RI • Portfolio optimization • Exposure management • Cycle management • Economic alignment • Performance management • Risk selection and placement • Sourcing additional scale • Underwriting • Actuarial Pricing • Claims handling • Wordings Fees • Provided on a cost / cost plus basis • Third party suppliers and contracts procured at cost • Portfolio management fee: 3% of NPW • Any run-off fees to be agreed • 20% of Binder Operating ROE(2) above 5% annual hurdle • QS ceding commissions paid to TFP (Fidelis IG retains 1% of QS premium) • TFP directly originated business: 11.5% • Pine Walk: ~10%(1) • Third party originated: 3% Fee type Service Fee (billed quarterly) Portfolio Management Fee (charged on NPW) 2 Profit Commission (annual performance related) 3 Fee income on quota shares4 Ceding Commission (charged on NPW)1 18

 
fidelisinsurance.com Non-GAAP Financial Measures Reconciliation ($ in millions) Three Months Ended December 31, Twelve Months Ended December 31, 2024 2023 2024 2023 Net income/(loss) $ (122.2) $ 228.3 $ $113.3 $ $2,132.5 Adjustment for net gain on distribution of The Fidelis Partnership – – – (1,639.1) Adjustment for net realized and unrealized investment (gains)/losses 12.1 (7.3) 28.6 (4.9) Adjustment for net foreign exchange (gains)/losses (6.5) 4.9 (1.6) 4.1 Adjustment for corporate and other expenses – 0.7 1.6 4.1 Income tax effect of the above items (1.1) (91.2) (4.9) (97.8) Operating net income/(loss) $ (117.7) $ 135.4 $ $137.0 $ $398.9 Average common shareholders' equity $ 2,540.4 $ 2,305.0 $ $2,449.1 $ $2,213.3 Opening common shareholders' equity 2,632.3 2,160.1 2,449.8 1,976.8 Adjustments related to the Separation Transactions – – – (178.4) Adjusted opening common shareholders' equity 2,632.3 2,160.1 2,449.8 1,798.4 Closing common shareholders' equity 2,448.4 2,449.8 2,448.4 2,449.8 Adjusted average common shareholders' equity $ 2,540.4 $ 2,305.0 $ $2,449.1 $ $2,124.1 Weighted average Common Shares outstanding 111,727,617 117,914,754 115,218,380 114,313,971 Share-based compensation plans - 335,106 408,801 10,712 Weighted average diluted Common Shares outstanding 117,727,617 118,249,860 115,627,181 114,324,683 ROAE (4.8%) 9.9% 4.6% 96.3% Operating ROE (4.5%) 6.3% 5.6% 22.2% Operating ROAE (4.6%) 5.9% 5.6% 18.8% Earnings per diluted Common Share $ (1.09) $ $1.93 $ $0.98 $ $18.65 Operating EPS $ (1.05) $ $1.15 $ $1.18 $ $3.49

 
fidelisinsurance.com Use of Non-GAAP Financial Measures This Presentation includes certain financial measures that are not calculated in accordance with generally accepted accounting principles in the U.S. (“U.S. GAAP”) including operating net income, operating EPS, operating return on average common equity, and therefore are non-GAAP financial measures. Reconciliations of such measures to the most comparable GAAP figures are included in the attached financial information in accordance with Regulation G. Operating Net Income Operating net income is a non-GAAP financial measure of our performance which does not consider the impact of certain non-recurring and other items that may not properly reflect the ordinary activities of our business, its performance or its future outlook. This measure is calculated as net income available to common shareholders excluding net gain on distribution of The Fidelis Partnership, net realized and unrealized investment gains/(losses), net foreign exchange gains/(losses), and corporate and other expenses which include warrant costs, reorganization expenses, any non-recurring income and expenses, and the income tax effect on these items. Return on Average Common Equity (ROAE) Return on average common equity (“ROAE”) represents net income divided by average common shareholders’ equity. Operating Return on Opening Common Equity (Operating ROE) Operating return on opening common equity (“Operating ROE”) is a non-GAAP financial measure that represents a meaningful comparison between periods of our financial performance expressed as a percentage and is calculated as operating net income divided by adjusted opening common shareholders’ equity. Operating Return on Average Common Equity (Operating ROAE) Operating return on average common equity (“Operating ROAE”) is a non-GAAP financial measure that represents a meaningful comparison between periods of our financial performance expressed as a percentage and is calculated as operating net income divided by adjusted average common shareholders’ equity. Operating Earnings Per Share (Operating EPS) Operating net income per diluted share (“Operating EPS”) is a non-GAAP financial measure that represents a valuable measure of profitability and enables investors, analysts, rating agencies and other users of its financial information to more easily analyze the Group’s results in a manner similar to how management analyzes the Group’s underlying business performance. Operating EPS is calculated by dividing operating net income by the weighted average diluted common shares outstanding. 20

 

 
Fidelis Insurance (NYSE:FIHL)
Historical Stock Chart
From Jan 2025 to Feb 2025 Click Here for more Fidelis Insurance Charts.
Fidelis Insurance (NYSE:FIHL)
Historical Stock Chart
From Feb 2024 to Feb 2025 Click Here for more Fidelis Insurance Charts.