Fidelis Insurance Holdings Limited reported a profit of $100.6 million for its third quarter ended September 30, 2024. The company achieved a net income of 88 cents per share, with adjusted earnings reaching 92 cents per share.
Revenue for the quarter increased by 28% to US$686.1 million, demonstrating significant top-line expansion. Gross premiums written saw a 25% increase, reflecting successful underwriting and market penetration.
The company also reported a solid 16.4% annualized operating return on average equity (ROAE). These results highlight the strength of Fidelis's business model and its disciplined approach to optimizing risk-adjusted returns.
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