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In a recent filing with the SEC, Fidelis Insurance Holdings Ltd announced the details of its upcoming Annual General Meeting (AGM) of Shareholders. The meeting is set to take place on May 6, 2025, and will include discussions pertinent to the company’s shareholders. The announcement comes as the company maintains strong financial health, with InvestingPro data showing a robust EBITDA of $168.9 million and revenue of $2.42 billion in the last twelve months.
The notice, dated today, March 28, 2025, includes an Information Circular and Request for Proxy, which have been made available to shareholders. The documents attached to the filing as Exhibit 99.1 provide detailed information regarding the AGM’s agenda, although the specifics of these details were not disclosed in the press release statement.
Fidelis Insurance, a company incorporated under the laws of Bermuda with a fiscal year ending on December 31, operates within the fire, marine, and casualty insurance industry. The company is known for providing specialized insurance and reinsurance products worldwide.
The SEC filing did not elaborate on the topics to be covered during the AGM, but such meetings typically include the election of directors, approval of financial statements, and other governance-related matters. Shareholders are often also given the opportunity to vote on significant corporate decisions and policies.
The AGM is an essential event for shareholders to exercise their rights and have a say in the company’s future direction. It also serves as a platform for the company’s management to report on financial performance and strategic plans.
Fidelis Insurance Holdings Ltd has confirmed that the report is in compliance with the Securities Exchange Act of 1934 and has been signed by Group Chief Legal Officer Janice Weidenborner. The company’s business address is listed in Hamilton, Bermuda, with the principal executive office located at Wellesley House South, 90 Pitts Bay Road, Pembroke, Bermuda.
This announcement is based on the information contained in a press release statement.
In other recent news, Fidelis Insurance Holdings Ltd reported robust financial results for the fourth quarter of 2024, significantly surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.98, which was notably higher than the anticipated $0.82. Revenue also exceeded projections, reaching $953.7 million compared to the forecasted $534.84 million. The company demonstrated a 23% growth in gross premiums written, amounting to $4.4 billion, and maintained a combined ratio of 99.7%, indicating effective management of claims and expenses.
Fidelis Insurance’s strong capital position was highlighted, with $3 billion in total capital and $152 million returned to shareholders through dividends and share repurchases. Despite the positive financial performance, the company faced challenges, including estimated losses from California wildfires ranging between $160-$190 million and potential impacts from geopolitical tensions. Analysts noted the company’s strategic partnerships and product innovations as strengths, while also acknowledging the risks associated with geopolitical exposures, particularly in Russia-Ukraine aviation.
Looking forward, Fidelis Insurance is targeting a 10% growth in gross premiums written for 2025 and aims to maintain a mid to high-80s combined ratio. The company is also exploring new partnerships and opportunities in accretive business segments. Analysts from firms like Citizens GMP and KBW have inquired about the company’s exposure to geopolitical risks and the impact of California wildfire losses, with management expressing confidence in meeting long-term financial targets despite these challenges.
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