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In a recent development, Fidelis Insurance Holdings Limited announced its dissatisfaction with the English High Court’s ruling related to its aircraft lessor business for the 2021 and 2022 underwriting years, which is part of the ongoing Russia-Ukraine aviation litigation. The company expressed its disagreement with the decision on Wednesday and is considering the possibility of an appeal.
Despite the unfavorable court outcome, Fidelis Insurance maintains that its balance sheet remains robust and the company is well-positioned to continue its strategic growth and capital management initiatives. The insurer has managed to resolve approximately 95% of the exposure related to the lessor policy claims in litigation, aiming to put this issue behind it and focus on future opportunities.
The financial implications of the court’s decision, including interest and on account payment towards cost awards, will be determined in a further hearing scheduled for September 2025. Fidelis anticipates that the final total monetary award will align with the estimates provided in the "Management Discussion and Analysis of Financial Condition and results of Operating - The Ukraine Conflict" section in its Form 6-K filed on May 15, 2025.
This announcement has been made in accordance with the requirements of the Securities Exchange Act of 1934 and is included in the company’s Registration Statement No. 333-287332. The information provided is based on a press release statement and should be read in conjunction with the company’s previous filings and cautionary notes regarding forward-looking statements.
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