FIHL - Fidelis Insurance Holdings Limited
Price:
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--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$21.17
DETAILS
HIGH:
$25.00
LOW:
$17.50
MEDIAN:
$21.00
CONSENSUS:
$21.17
DOWNSIDE:
8.20%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 2,500.5 | 2,421.6 | 3,592.1 | 1,516.2 | 1,194.4 | 782.6 | 369.2 |
| Cost of Revenue | 1,089.8 | 2,155.5 | 1,422.6 | 0 | 946.9 | 503.7 | 215.6 |
| Gross Profit | 1,410.7 | 266.1 | 2,169.5 | 1,516.2 | 247.5 | 278.9 | 153.6 |
| Operating Expenses | |||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 0 | 94.3 | 82.7 | 165.5 | 130.7 | 83.5 | 64.8 |
| Other Expenses | 1,135.1 | 35.4 | 39.6 | 1,270.6 | 38.1 | 71.9 | 28.6 |
| Operating Expenses | 1,135.1 | 129.7 | 122.3 | 1,436.1 | 168.8 | 155.4 | 93.4 |
| Operating Income | |||||||
| Operating Income | 275.6 | 136.4 | 2,047.2 | 80.1 | 78.7 | 123.5 | 60.2 |
| Interest Expense | 47.7 | 33.8 | 35.5 | 35.5 | 35.4 | 27.9 | 24.7 |
| Interest Income | 0 | 195.8 | 123.5 | 0 | 24 | 28.1 | 33.1 |
| Profitability | |||||||
| EBITDA | 323.3 | 156.2 | 2,083 | 119.5 | 118.6 | 154 | 87.9 |
| EBIT | 323.3 | 170.2 | 2,082.7 | 115.6 | 114.1 | 151.4 | 84.9 |
| Income Before Tax | 275.6 | 136.4 | 2,047.2 | 80.1 | 78.7 | 123.5 | 60.2 |
| Income Tax Expense | 50.1 | 23.1 | (85.3) | 17.8 | 0.4 | (3.1) | 0.6 |
| Net Income | 225.5 | 113.3 | 2,132.5 | 52.6 | 68.3 | 126.5 | 58.2 |
| Per Share Data | |||||||
| EPS (Basic) | 2.12 | 0.98 | 18.65 | 0.27 | 0.35 | 0.65 | 0.30 |
| EPS (Diluted) | 2.11 | 0.98 | 18.65 | 0.26 | 0.34 | 0.63 | 0.29 |
| Shares Outstanding | 106.2 | 115.2 | 114.3 | 194.3 | 195.5 | 186.0 | 194.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 1,247.6 | 743 | 712.4 | 1,222 | 325.1 | 967.2 |
| Short-Term Investments | 0 | 369.7 | 604.9 | 2,307.9 | 2,502.6 | 1,553.5 |
| Net Receivables | 3,497 | 4,472.3 | 3,673.9 | 2,998.2 | 2,607 | 1,583.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | (7,007.2) | (6,052.6) | (7,351.8) | (6,111.4) | (4,519.3) |
| Total Current Assets | 4,744.6 | 0 | 0 | 0 | 0 | 0 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 26.8 | 29.9 | 9.8 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 3,237.4 | 3,633.7 | 3,293.9 | 2,307.9 | 2,529.5 | 1,637.5 |
| Other Non-Current Assets | 1,386 | (3,633.7) | (3,293.9) | (2,334.7) | (2,559.4) | (1,647.3) |
| Total Non-Current Assets | 4,623.4 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 9,368 | 11,765.9 | 10,028.1 | 8,312.5 | 7,053 | 5,320.7 |
| Current Liabilities | ||||||
| Account Payables | 0 | 1,540.6 | 1,071.5 | 1,057 | 947.8 | 507.9 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 2,943.3 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | (2,943.3) | (1,926.4) | (1,406) | (1,057) | (947.8) | (507.9) |
| Total Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 843.2 | 448.9 | 448.2 | 447.5 | 446.9 | 446 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 6,125.2 | (448.9) | (448.2) | (476) | (478.3) | (456.5) |
| Total Non-Current Liabilities | 6,968.4 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 6,968.4 | 9,317.5 | 7,578.3 | 6,325.4 | 5,033.9 | 3,344.5 |
| Stockholders' Equity | ||||||
| Common Stock | 1 | 1.2 | 1.2 | 1.9 | 1.9 | 2.1 |
| Retained Earnings | 675.9 | 503.6 | 436.6 | 0.5 | (52.1) | (120.4) |
| Accumulated Other Comprehensive Income | 37.1 | 4.5 | (27) | (100.8) | (11.3) | 22.6 |
| Total Stockholders' Equity | 2,399.6 | 2,448.4 | 2,449.8 | 1,976.8 | 2,013.9 | 1,976.2 |
| Total Liabilities & Equity | 9,368 | 11,765.9 | 10,028.1 | 8,312.5 | 7,053 | 5,320.7 |
| Debt Metrics | ||||||
| Total Debt | 843.2 | 448.9 | 448.2 | 476 | 478.3 | 456.5 |
| Net Debt | (404.4) | (294.1) | (264.2) | (746) | 153.2 | (510.7) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | 225.5 | 113.3 | 2,132.5 | 52.6 | 78.3 | 126.6 | 59.6 |
| Depreciation & Amortization | (19.2) | (14) | 0.3 | 3.9 | 4.5 | 2.6 | 3 |
| Stock-Based Compensation | 0 | 7.8 | 27.6 | 10.8 | 9.8 | 32.6 | 11.8 |
| Change in Working Capital | (589.3) | 472.7 | 137 | 648.5 | 267.6 | 171.1 | 108.7 |
| Other Non-Cash Items | (25.3) | 28.6 | (1,715.7) | 36 | 12 | (10.8) | (13.3) |
| Operating Cash Flow | (408.3) | 618.2 | 495.2 | 741.4 | 345.8 | 316.1 | 170 |
| Investing Activities | |||||||
| Capital Expenditure | (1.2) | (4.6) | (6.4) | (18.8) | (7.1) | (2) | (6) |
| Acquisitions | 0 | 0 | 0 | 0 | (7.1) | 0 | (1.7) |
| Purchases of Investments | (2,026.1) | (2,522.7) | (2,241.6) | (1,711.5) | (2,247.4) | (1,265.7) | (731.5) |
| Sales/Maturities of Investments | 2,710 | 2,051.5 | 1,413.1 | 1,930.5 | 1,169 | 786.4 | 627.4 |
| Other Investing Activities | (1.2) | 0 | 0 | 15.7 | 7.1 | 0 | 0 |
| Investing Cash Flow | 682.7 | (475.8) | (834.9) | 215.9 | (1,085.5) | (481.3) | (111.8) |
| Financing Activities | |||||||
| Net Debt Issuance | 393.3 | 0 | 0 | 0 | 0 | 445.7 | 0 |
| Stock Repurchased | (321) | (105.5) | 0 | 0 | (320.9) | 0 | (8.9) |
| Dividends Paid | (52.3) | (46.2) | 0 | (0.5) | (2.1) | (5.1) | (67.5) |
| Other Financing Activities | (0.2) | (2.2) | (196.3) | (15.7) | (13.4) | (0.6) | 0 |
| Financing Cash Flow | 19.8 | (153.9) | (106.9) | (16.2) | (18.2) | 948 | 74 |
| Cash Position | |||||||
| Net Change in Cash | 301 | (17.5) | (443.8) | 931.9 | (762.5) | 787.6 | 132.2 |
| Cash at Beginning | 946.6 | 964.1 | 1,407.9 | 476 | 1,238.5 | 450.9 | 318.7 |
| Cash at End | 1,247.6 | 946.6 | 964.1 | 1,407.9 | 476 | 1,238.5 | 450.9 |
| Free Cash Flow | (409.5) | 613.6 | 488.8 | 722.6 | 338.7 | 314.1 | 164 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 2,500.5 | 2,421.6 | 3,592.1 | 1,516.2 | 1,194.4 | 782.6 | 369.2 |
| Gross Profit | 1,410.7 | 266.1 | 2,169.5 | 1,516.2 | 247.5 | 278.9 | 153.6 |
| Operating Income | 275.6 | 136.4 | 2,047.2 | 80.1 | 78.7 | 123.5 | 60.2 |
| Net Income | 225.5 | 113.3 | 2,132.5 | 52.6 | 68.3 | 126.5 | 58.2 |
| EPS (Diluted) | 2.11 | 0.98 | 18.65 | 0.26 | 0.34 | 0.63 | 0.29 |
| Balance Sheet | |||||||
| Cash & Equivalents | 1,247.6 | 743 | 712.4 | 1,222 | 325.1 | 967.2 | |
| Total Assets | 9,368 | 11,765.9 | 10,028.1 | 8,312.5 | 7,053 | 5,320.7 | |
| Total Debt | 843.2 | 448.9 | 448.2 | 476 | 478.3 | 456.5 | |
| Stockholders' Equity | 2,399.6 | 2,448.4 | 2,449.8 | 1,976.8 | 2,013.9 | 1,976.2 | |
| Cash Flow | |||||||
| Operating Cash Flow | (408.3) | 618.2 | 495.2 | 741.4 | 345.8 | 316.1 | 170 |
| Capital Expenditure | (1.2) | (4.6) | (6.4) | (18.8) | (7.1) | (2) | (6) |
| Free Cash Flow | (409.5) | 613.6 | 488.8 | 722.6 | 338.7 | 314.1 | 164 |