The broader finance sector has had its ups and downs recently, to put the situation mildly. One of the brighter spots was the quarterly earnings report dropped late Thursday by Fidelis Insurance Group (FIHL 13.04%). Thanks to solid beats on both the top and bottom lines, investors flocked to the shares the following day, sending their price 13% higher. And that was on a good day for the wider stock market, with the S&P 500 index rising by nearly 1%. Fourth-quarter revenue and premiums rose at double-digit r ...

Fidelis Insurance Holdings Limited (NYSE:FIHL) Q4 2023 Earnings Conference Call March 1, 2024 9:00 AM ET Company Participants Miranda Hunter - Head, Investor Relations Dan Burrows - Chief Executive Officer Allan Decleir - Chief Financial Officer Conference Call Participants Meyer Shields - KBW Matt Carletti - JMP Andrew Andersen - Jefferies Lee Cooperman - Omega Family Office Pablo Singzon - JPMorgan Mike Ward - Citi Operator Good morning, ladies and gentlemen, and welcome to the Fidelis Insurance Holdings ...

PEMBROKE, Bermuda--(BUSINESS WIRE)--Fidelis Insurance Holdings Limited (“Fidelis” or “FIHL” or “the Group”) (NYSE: FIHL) announced today its financial results for the fourth quarter ended December 31, 2023. Dan Burrows, Group Chief Executive Officer, said “ The fourth quarter was a strong finish to a milestone year for Fidelis in which we became a public company and strengthened our position as a global specialty insurer. Utilizing our nimble yet disciplined approach, we capitalized on attractive opportunit ...

PEMBROKE, Bermuda--(BUSINESS WIRE)--Fidelis Insurance Holdings Limited (NYSE:FIHL) (“Fidelis Insurance Group” or “the Company”) announced today that Fidelis Insurance Bermuda Limited (“FIBL”) has successfully closed a new catastrophe bond through the issuance of the Series 2024-1 Class A Principal at Risk Variable Rate Notes and the Series 2024-1 Class B Principal at Risk Variable Rate Notes (together, the “Series 2024-1 Notes”) by its Herbie Re Ltd. program (“Herbie Re”). This is the fifth series of notes ...

财务数据和关键指标变化 - 公司第三季度净收入为8800万美元,每股摊薄收益为0.74美元 [28] - 前9个月净收入为19亿美元,每股摊薄收益为16.82美元,剔除一次性收益后净收益为2.65亿美元 [28] - 前9个月经营ROAE为17.7%,同比提升20.5个百分点 [28] - 第三季度经营ROAE为17.6%,同比提升36个百分点 [28] 各条业务线数据和关键指标变化 - 特种险业务前9个月毛保费增长46%,主要来自财产险、海事和航空航天等业务线 [30][31] - 定制险业务前9个月毛保费下降36%,公司采取谨慎的承保策略 [29][30] - 再保险业务前9个月毛保费基本持平 [31] 各个市场数据和关键指标变化 - 公司在主要产品线如财产险、海事和航空航天等保持领先地位,获得了较高的价格和条件 [12][50] - 公司在定制险业务方面采取谨慎的承保策略,以确保利润率 [64][65] - 再保险业务方面,公司继续谨慎部署资本,聚焦于优质客户和符合定价要求的风险 [32] 公司战略和发展方向及行业竞争 - 公司保持灵活的三大业务线布局,根据市场环境调整资本配置,以追求最佳风险调整收益 [10][16][52] - 公司在特种险和定制险业务中保持领先地位,能够获得差异化的价格和条款 [11][50] - 行业面临持续的损失活动和资本约束,为公司创造了良好的发展机遇 [10][24][25] 管理层对经营环境和未来前景的评论 - 管理层认为当前市场环境保持强劲,将为公司提供可观的投资机会 [10] - 管理层预计未来一段时间内市场将保持硬市,公司将继续发挥行业领导者的作用 [24][25] - 管理层对公司在特种险和定制险业务的发展前景保持乐观 [12][50][51] 问答环节重要的提问和回答 问题1 **Matt Carletti 提问** 询问公司对俄罗斯-乌克兰冲突相关敞口的看法 [56] **Daniel Burrows 回答** 公司正在密切关注相关情况,目前的发展趋势符合公司预期 [57] 问题2 **Meyer Shields 提问** 询问公司在定制险业务中,当判断某交易定价不足时的应对措施 [63] **Daniel Burrows 回答** 公司与MGU公司密切合作,采取谨慎的承保策略,坚持利润率要求,不会为了追求规模而降低标准 [64][65] 问题3 **Mike Zaremski 提问** 询问定制险业务本季度较高的赔付率是否属于正常波动 [85] **Daniel Burrows 回答** 这是正常的季度间波动,从全年来看该业务的表现符合公司预期 [86]