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Fidelis Insurance (FIHL) Financials

Fidelis Insurance logo
$16.23 +0.08 (+0.50%)
Closing price 04/15/2025 03:59 PM Eastern
Extended Trading
$16.26 +0.02 (+0.15%)
As of 04/15/2025 06:55 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Fidelis Insurance

Annual Income Statements for Fidelis Insurance

This table shows Fidelis Insurance's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 68 53 2,133 113
Consolidated Net Income / (Loss)		 78 62 2,133 113
Net Income / (Loss) Continuing Operations		 78 62 2,133 113
Total Pre-Tax Income 		79 80 2,047 136
Total Operating Income		 93 66 1,967 -22
Total Gross Profit		 1,173 1,467 3,477 2,230
Total Revenue		 1,173 1,467 3,477 2,230
Operating Revenue		 1,173 1,467 3,477 2,230
Total Cost of Revenue		 0.00 0.00 0.00 0.00
Total Operating Expenses		 1,080 1,401 1,509 2,251
Selling, General & Admin Expense		 133 186 87 96
Other Operating Expenses / (Income)		 947 1,215 1,423 2,156
Total Other Income / (Expense), net		 -14 14 80 158
Interest & Investment Income		 21 41 120 191
Other Income / (Expense), net		 -35 -27 -40 -32
Income Tax Expense		 0.40 18 -85 23
Net Income / (Loss) Attributable to Noncontrolling Interest		 10 9.70 0.00 0.00
Basic Earnings per Share		 $0.35 $0.27 $18.65 $0.98
Weighted Average Basic Shares Outstanding		 195.49M 194.29M 114.31M 115.22M
Diluted Earnings per Share		 $0.34 $0.26 $18.65 $0.98
Weighted Average Diluted Shares Outstanding		 200.38M 199.32M 114.32M 115.63M
Weighted Average Basic & Diluted Shares Outstanding		 - - 117.91M 111.73M
Cash Dividends to Common per Share		 - - $0.00 $0.40

Quarterly Income Statements for Fidelis Insurance

No quarterly income statements for Fidelis Insurance are available.

Annual Cash Flow Statements for Fidelis Insurance

This table details how cash moves in and out of Fidelis Insurance's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Net Change in Cash & Equivalents		 -763 932 -444 -18
Net Cash From Operating Activities		 346 741 495 618
Net Cash From Continuing Operating Activities		 346 741 495 618
Net Income / (Loss) Continuing Operations		 78 62 2,133 113
Consolidated Net Income / (Loss)		 78 62 2,133 113
Depreciation Expense		 4.50 3.90 0.30 -14
Non-Cash Adjustments To Reconcile Net Income		 716 925 -918 979
Changes in Operating Assets and Liabilities, net		 -453 -250 -720 -460
Net Cash From Investing Activities		 -1,086 216 -835 -476
Net Cash From Continuing Investing Activities		 -1,086 216 -835 -476
Purchase of Property, Plant & Equipment		 -7.10 -19 -6.40 -4.60
Purchase of Investments		 -2,247 -1,696 -2,242 -2,523
Sale and/or Maturity of Investments		 1,169 1,931 1,413 2,052
Net Cash From Financing Activities		 -18 -16 -107 -154
Net Cash From Continuing Financing Activities		 -18 -16 -107 -154
Repurchase of Common Equity		 -321 0.00 0.00 -106
Payment of Dividends		 -8.40 -16 -40 -46
Issuance of Common Equity		 318 0.00 89 0.00
Other Financing Activities, net		 -7.10 0.00 -156 -2.20
Effect of Exchange Rate Changes		 -4.60 -9.20 2.80 -6.00
Cash Interest Paid		 29 30 30 30
Cash Income Taxes Paid		 24 12 15 5.60

Quarterly Cash Flow Statements for Fidelis Insurance

No quarterly cash flow statements for Fidelis Insurance are available.

Annual Balance Sheets for Fidelis Insurance

This table presents Fidelis Insurance's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Total Assets		 8,313 10,028 11,766
Total Current Assets		 3,727 3,374 4,825
Cash & Equivalents		 1,222 712 743
Restricted Cash		 186 252 204
Short-Term Investments		 2,319 27 3,669
Accounts Receivable		 0.00 173 209
Plant, Property, & Equipment, net		 0.00 0.00 0.00
Total Noncurrent Assets		 4,586 6,702 6,941
Long-Term Investments		 117 48 201
Noncurrent Note & Lease Receivables		 - - 2,729
Other Noncurrent Operating Assets		 4,469 6,654 4,011
Total Liabilities & Shareholders' Equity		 8,313 10,028 11,766
Total Liabilities		 6,325 7,578 9,318
Total Current Liabilities		 0.00 7,063 0.00
Total Noncurrent Liabilities		 6,325 516 9,318
Long-Term Debt		 448 448 449
Asset Retirement Reserve & Litigation Obligation		 2,045 - 3,134
Other Noncurrent Operating Liabilities		 3,833 67 5,734
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,987 2,450 2,448
Total Preferred & Common Equity		 1,977 2,450 2,448
Total Common Equity		 1,977 2,450 2,448
Common Stock		 2,077 2,040 2,046
Retained Earnings		 0.50 437 504
Treasury Stock		 - 0.00 -106
Accumulated Other Comprehensive Income / (Loss)		 -101 -27 4.50

Quarterly Balance Sheets for Fidelis Insurance

No quarterly balance sheets for Fidelis Insurance are available.

Annual Metrics and Ratios for Fidelis Insurance

This table displays calculated financial ratios and metrics derived from Fidelis Insurance's official financial filings.

Metric 2021 2022 2023 2024
Growth Metrics		 - - - -
Revenue Growth		 0.00% 25.03% 137.02% -35.87%
EBITDA Growth		 0.00% -30.83% 4,352.66% -103.53%
EBIT Growth		 0.00% -32.19% 4,792.64% -102.81%
NOPAT Growth		 0.00% -44.29% 3,879.82% -100.89%
Net Income Growth		 0.00% -20.43% 3,322.95% -94.69%
EPS Growth		 0.00% -23.53% 7,073.08% -94.75%
Operating Cash Flow Growth		 0.00% 114.40% -33.21% 24.84%
Free Cash Flow Firm Growth		 0.00% 0.00% -186.72% 400.60%
Invested Capital Growth		 0.00% 0.00% 235.30% -200.66%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 5.34% 2.95% 55.46% -3.05%
Operating Margin		 7.92% 4.51% 56.58% -0.98%
EBIT Margin		 4.95% 2.69% 55.45% -2.43%
Profit (Net Income) Margin		 6.67% 4.25% 61.34% 5.08%
Tax Burden Percent		 99.49% 77.78% 104.17% 83.06%
Interest Burden Percent		 135.46% 203.30% 106.20% -252.13%
Effective Tax Rate		 0.51% 22.22% -4.17% 16.94%
Return on Invested Capital (ROIC)		 0.00% 0.00% 823.79% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 819.55% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% -727.66% 0.00%
Return on Equity (ROE)		 0.00% 3.14% 96.13% 4.63%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% -66.44% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.47% 21.02% -0.50%
Return on Assets (ROA)		 0.00% 0.75% 23.25% 1.04%
Return on Common Equity (ROCE)		 0.00% 3.12% 95.90% 4.63%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 3.15% 87.05% 4.63%
Net Operating Profit after Tax (NOPAT)		 92 51 2,049 -18
NOPAT Margin		 7.88% 3.51% 58.94% -0.82%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.64% 4.23% 5.36%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.11% 70.71% -0.63%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 11.37% 12.68% 2.50% 4.30%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 92.08% 95.49% 43.42% 100.98%
Earnings before Interest and Taxes (EBIT)		 58 39 1,928 -54
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 63 43 1,928 -68
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 0.11 0.08 0.87
Price to Tangible Book Value (P/TBV)		 0.00 0.11 0.08 0.87
Price to Revenue (P/Rev)		 0.18 0.14 0.05 0.96
Price to Earnings (P/E)		 3.07 3.99 0.09 18.87
Dividend Yield		 0.00% 0.00% 0.00% 2.21%
Earnings Yield		 32.52% 25.05% 1,147.39% 5.30%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - -
Debt to Equity		 0.00 0.23 0.18 0.18
Long-Term Debt to Equity		 0.00 0.23 0.18 0.18
Financial Leverage		 0.00 -1.71 -0.89 -1.00
Leverage Ratio		 0.00 4.18 4.13 4.45
Compound Leverage Factor		 0.00 8.50 4.39 -11.22
Debt to Total Capital		 0.00% 18.38% 15.47% 15.49%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 18.38% 15.47% 15.49%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.42% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 81.20% 84.53% 84.51%
Debt to EBITDA		 0.00 10.33 0.23 -6.59
Net Debt to EBITDA		 0.00 -78.44 -0.31 64.14
Long-Term Debt to EBITDA		 0.00 10.33 0.23 -6.59
Debt to NOPAT		 0.00 8.69 0.22 -24.68
Net Debt to NOPAT		 0.00 -65.96 -0.29 240.10
Long-Term Debt to NOPAT		 0.00 8.69 0.22 -24.68
Altman Z-Score		 0.00 0.75 0.62 0.86
Noncontrolling Interest Sharing Ratio		 0.00% 0.52% 0.23% 0.00%
Liquidity Ratios		 - - - -
Current Ratio		 0.00 0.00 0.48 0.00
Quick Ratio		 0.00 0.00 0.13 0.00
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 1,461 -1,267 3,808
Operating Cash Flow to CapEx		 4,870.42% 3,943.62% 7,737.50% 13,439.13%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - -
Asset Turnover		 0.00 0.18 0.38 0.20
Accounts Receivable Turnover		 0.00 0.00 0.00 11.67
Inventory Turnover		 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 31.29
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 31.29
Capital & Investment Metrics		 - - - -
Invested Capital		 0.00 -1,409 1,907 -1,919
Invested Capital Turnover		 0.00 -2.08 13.98 -353.89
Increase / (Decrease) in Invested Capital		 0.00 -1,409 3,316 -3,826
Enterprise Value (EV)		 0.00 -3,176 -405 -2,230
Market Capitalization		 210 210 186 2,138
Book Value per Share		 $0.00 $10.17 $21.43 $20.76
Tangible Book Value per Share		 $0.00 $10.17 $21.43 $20.76
Total Capital		 0.00 2,435 2,898 2,897
Total Debt		 0.00 448 448 449
Total Long-Term Debt		 0.00 448 448 449
Net Debt		 0.00 -3,396 -591 -4,368
Capital Expenditures (CapEx)		 7.10 19 6.40 4.60
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 -4,680 209
Debt-free Net Working Capital (DFNWC)		 0.00 3,727 -3,689 4,825
Net Working Capital (NWC)		 0.00 3,727 -3,689 4,825
Net Nonoperating Expense (NNE)		 14 -11 -83 -131
Net Nonoperating Obligations (NNO)		 0.00 -3,396 -543 -4,368
Total Depreciation and Amortization (D&A)		 4.50 3.90 0.30 -14
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% -134.62% 9.37%
Debt-free Net Working Capital to Revenue		 0.00% 254.07% -106.11% 216.39%
Net Working Capital to Revenue		 0.00% 254.07% -106.11% 216.39%
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $18.65 $0.98
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 114.31M 115.22M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $18.65 $0.98
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 114.32M 115.63M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 117.91M 111.73M
Normalized Net Operating Profit after Tax (NOPAT)		 92 51 1,377 -18
Normalized NOPAT Margin		 7.88% 3.51% 39.61% -0.82%
Pre Tax Income Margin		 6.71% 5.46% 58.89% 6.12%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00
Payout Ratios		 - - - -
Dividend Payout Ratio		 10.73% 26.00% 1.89% 40.78%
Augmented Payout Ratio		 420.56% 26.00% 1.89% 133.89%

Quarterly Metrics and Ratios for Fidelis Insurance

No quarterly metrics and ratios for Fidelis Insurance are available.

Frequently Asked Questions About Fidelis Insurance's Financials

When does Fidelis Insurance's financial year end?

According to the most recent income statement we have on file, Fidelis Insurance's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Fidelis Insurance's net income changed over the last 3 years?

Fidelis Insurance's net income appears to be on an upward trend, with a most recent value of $113.30 million in 2024, rising from $78.30 million in 2021. The previous period was $2.13 billion in 2023.

What is Fidelis Insurance's operating income?
Fidelis Insurance's total operating income in 2024 was -$21.90 million, based on the following breakdown:
  • Total Gross Profit: $2.23 billion
  • Total Operating Expenses: $2.25 billion
How has Fidelis Insurance revenue changed over the last 3 years?

Over the last 3 years, Fidelis Insurance's total revenue changed from $1.17 billion in 2021 to $2.23 billion in 2024, a change of 90.0%.

How much debt does Fidelis Insurance have?

Fidelis Insurance's total liabilities were at $9.32 billion at the end of 2024, a 22.9% increase from 2023, and a 47.3% increase since 2022.

How much cash does Fidelis Insurance have?

In the past 2 years, Fidelis Insurance's cash and equivalents has ranged from $712.40 million in 2023 to $1.22 billion in 2022, and is currently $743 million as of their latest financial filing in 2024.

How has Fidelis Insurance's book value per share changed over the last 3 years?

Over the last 3 years, Fidelis Insurance's book value per share changed from 0.00 in 2021 to 20.76 in 2024, a change of 2,076.4%.

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This page (NYSE:FIHL) was last updated on 4/16/2025 by MarketBeat.com Staff
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