Fidelis Expands Capital Management Initiatives
Fidelis Insurance Group has announced an expansion of its capital management initiatives, including an increase in its common share repurchase authorization to $400 million and a quarterly dividend of $0.15 per share.
A spokesperson said, “Fidelis Insurance Holdings Limited [NYSE:FIHL] [“Fidelis Insurance Group” or “the Company”], a strategic capital allocator and risk selector in specialty insurance and reinsurance, announced today an expansion of its capital management initiatives. The Company’s Board of Directors approved an increase to the current common share repurchase authorization to $400 million and additionally approved and declared a dividend of $0.15 per common share, payable on March 27, 2026, to shareholders of record on March 16, 2026.
“This announcement builds on the $313.7 million in capital returned to shareholders in the year ended December 31, 2025, including the repurchase of 15,184,976 common shares for $261.4 million and $52.3 million in dividends. Notably, shares repurchased within the fourth quarter of 2025 included an aggregate of 4,075,726 common shares repurchased through two privately negotiated transactions totaling $75.0 million with CVC Falcon Holdings Limited.”
Dan Burrows, Fidelis Insurance Group CEO, stated, “We are, first and foremost, strategic capital allocators, focused on identifying the most compelling opportunities and prioritizing initiatives that drive shareholder value creation. With our strong capital position, we continue to pursue attractive underwriting opportunities – both through new partnerships that are driving growth and with The Fidelis Partnership – while also returning capital to our shareholders through dividends and highly accretive buybacks.”
Burrows further commented, “Today’s announced increase to our common share repurchase authorization provides us with additional flexibility to capitalize on the considerable discount between our current stock price and net book value. We look forward to continuing to opportunistically execute repurchases both in the open market and through privately negotiated transactions, as we return capital to shareholders.”
Additional details: Share Repurchase Authorization and Dividend
The spokesperson said, “Share Repurchase Authorization: The Company’s Board of Directors has approved an increase to the current common share repurchase program [the “Program”], bringing the total current authorization to $400 million. Pursuant to the Program, the Company may repurchase common shares through a combination of open market purchases under Rule 10b-18 under the Securities Exchange Act of 1934, as amended [the “Exchange Act”], accelerated share repurchases or privately negotiated transactions, as well as pursuant to a trading plan meeting the requirements of Rule 10b5-1 under the Exchange Act.
“The timing as well as the number and value of common shares repurchased under the Program will be determined by the Company at its discretion and will depend on a variety of factors, including its assessment of the intrinsic value of the Company’s common shares, attractive growth opportunities, the market price of the Company’s common shares, general market and economic conditions, available liquidity, compliance with the Company’s debt and other agreements, applicable legal, regulatory and contractual restrictions and the Company’s capital and business strategy. The Program may be suspended or discontinued by the Board of Directors at any time.
“Dividend: The Company’s Board of Directors has approved and declared a dividend of $0.15 per common share payable on March 27, 2026, to shareholders of record on March 16, 2026.”
