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Added to YB: 2025-02-18

Pitch date: 2025-02-14

FIHL [neutral]

Fidelis Insurance Holdings Limited

+21.26%

current return

Author Info

Company Info

Fidelis Insurance Holdings Limited provides insurance and reinsurance solutions in Bermuda, the Republic of Ireland, and the United Kingdom.

Market Cap

$1.9B

Pitch Price

$15.73

Price Target

19.00 (-0%)

Dividend

3.27%

EV/EBITDA

58.14

P/E

-132.09

EV/Sales

0.72

Sector

Insurance

Category

growth

Show full summary:
FIHL a cheap specialty insurer trading at 0.7x book

FIHL (pass): Specialty P&C insurer at 0.7x BV, 4-5x 2025E earnings. 36.8% GWP CAGR, 86% avg CR since 2017. Strong reinsurance growth (56% Q3). Risks: declining CAT rates, low insider ownership. $200M buyback, 2.42% dividend yield. Potential 5-10% BV growth, re-rate to 1x BV. Pass due to CAT exposure, lack of alignment.

Read full article (5 min)