Fidelis boosts shareholder returns with buyback, dividend increase

Bermuda-based specialty re/insurer Fidelis Insurance Holdings has broadened its capital management efforts to drive greater shareholder value.

Its board of directors approved a renewal to the current common share repurchase authorisation to $200 million and additionally approved an increase to the quarterly dividend to $0.15 per common share.

The announcement builds on the $132.8 million in capital returned to common shareholders for the half year ended June 30 2025, including the repurchase of nearly seven million common shares for $110.8 million and $22.0 million in dividends.

Notably, shares repurchased within the second quarter included over three million common shares through a privately negotiated repurchase transaction of $50.0 million with CVC Falcon Holdings Limited, who remain one of Fidelis’ longstanding shareholders.

Dan Burrows (pictured), Fidelis Insurance Group CEO, said: “Our strategic approach to capital management enables us to prioritise initiatives that maximise shareholder value. With our strong capital position, we can continue pursuing attractive underwriting opportunities while also continuing to return capital to our shareholders.ˮ

He added: “We firmly believe that our current stock price does not reflect the true value of our company. Todayʼs announced increase to our common share repurchase authorisation provides us with the additional flexibility to capitalise on the considerable discount to net book value.ˮ

Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.