Fidelis Insurance Holdings Full Year 2024 Earnings: Beats Expectations

Fidelis Insurance Holdings (NYSE:FIHL) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.42b (up 24% from FY 2023).
• Net income: US$113.3m (down 95% from FY 2023).
• Profit margin: 4.7%.
• EPS: US$0.98 (down from US$18.66 in FY 2023).

FIHL Profitability Indicators

• Combined ratio: 99.7% (up from 82.1% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fidelis Insurance Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%.

The primary driver behind last 12 months revenue was the Insurance segment contributing a total revenue of US$1.90b (79% of total revenue). Notably, cost of sales worth US$2.16b amounted to 89% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$95.9m (63% of total expenses). Explore how FIHL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 3.5% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Fidelis Insurance Holdings that you should be aware of.

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