Fidelis Insurance increases share buyback authorization to $400 million

Fidelis Insurance Holdings Limited (NYSE: FIHL) announced its board of directors approved an increase to the company's common share repurchase authorization to $400 million and declared a quarterly dividend of $0.15 per common share.

The dividend will be payable on March 27, 2026, to shareholders of record on March 16, 2026. The Bermuda-based specialty insurance and reinsurance company returned $313.7 million in capital to shareholders in the year ended December 31, 2025, including $261.4 million through the repurchase of 15,184,976 common shares and $52.3 million in dividends.

During the fourth quarter of 2025, Fidelis repurchased 4,075,726 common shares through two privately negotiated transactions totaling $75.0 million with CVC Falcon Holdings Limited.

The company may execute share repurchases through open market purchases, accelerated share repurchases, privately negotiated transactions, or trading plans under Securities Exchange Act rules. The timing and value of repurchases will depend on factors including the company's assessment of intrinsic value, market conditions, available liquidity, and compliance with debt agreements.

Chief Executive Officer Dan Burrows stated the company focuses on identifying opportunities that drive shareholder value creation. He said the increased repurchase authorization provides flexibility to capitalize on the discount between the current stock price and net book value.

Fidelis Insurance Group operates as a specialty insurance and reinsurance company with insurer financial strength ratings of A from AM Best, A- from S&P, and A3 from Moody's. The information is based on a company press release.

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