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Indebta > Investing > Fidelis Insurance Shares Rise 15% After 4Q Earnings Beat
Investing

Fidelis Insurance Shares Rise 15% After 4Q Earnings Beat

News Room
Last updated: 2024/03/02 at 1:52 PM
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By Chris Wack


Fidelis Insurance Holdings shares were up 15% to $17.17 after the company reported fourth-quarter earnings that beat analysts’ expectations.

The specialty insurer said it had quarterly earnings of $228.3 million, or $1.93 a share, compared to $122.6 million, or 60 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for earnings of $92.2 million, or 77 cents a share.

Revenue for the quarter was $553.7 million, compared with last year’s $428.9 million.

For the fourth quarter, Fidelis had premiums written of $783.9 million, up 32% from last year. Book value per share was $20.69 at Dec. 31, an increase of 13.4% compared with Sept. 30.


Write to Chris Wack at chris.wack@wsj.com


Read the full article here

News Room March 2, 2024 March 2, 2024
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