Fidelis Insurance Holdings Limited reported a loss of $42.5 million for its first quarter ended March 31, 2025. The company recorded a loss of 38 cents per share, with adjusted losses reaching 41 cents per share.
Despite the net loss, gross premiums written increased by 14% to $1,722.9 million, demonstrating strong top-line growth across the portfolio. This growth reflects the company's ability to capitalize on new business opportunities.
The company repurchased $41.5 million of common shares during the quarter, indicating active capital management. The results for Q1 2025 also reflect the preliminary losses related to the California wildfires, which were previously estimated at $160 million to $190 million.
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