Fidelis Insurance Group, a global specialty insurance and reinsurance company based in Bermuda, has expanded its capital management initiatives, increasing the current common share repurchase authorisation to $400 million.
The expanded programme allows the company to buy back shares through open market purchases, accelerated share repurchases or privately negotiated transactions.
This move follows a significant year for shareholders returns in 2025, where Fidelis returned $313.7 million to investors.
That total included $261.4 million in share repurchases 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 totalling $75 million with CVC Falcon Holdings Limited.
Additionally, the company’s Board of Directors also approved and declared a dividend of $0.15 per common share, payable on March 27, 2026, to shareholders of record on March 16, 2026.
Fidelis noted that the timing and volume of future repurchases will remain at its discretion influenced by market conditions, share price, liquidity, and internal assessments of the company’s intrinsic value.
The programme is flexible and may be suspended or discontinued by the Board of Directors at any time.
Dan Burrows, Fidelis Insurance Group CEO, stated: “We are, first and foremost, strategic capital allocators, focused on identifying the most compelling opportunities and prioritising 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 capitalise 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.”
