Fidelis Insurance Holdings Full Year 2024 Earnings: Beats Expectations

Simply Wall St · 3d ago

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).
revenue-and-expenses-breakdown
NYSE:FIHL Revenue and Expenses Breakdown March 13th 2025

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.