ourinsuranceworld.com
  • Business Insurance
    • General Liability Insurance
    • Professional Liability Insurance
    • Small Business Insurance
    • Workers Compensation Insurance
  • Car Insurance
    • RV Insurance
  • Health insurance
    • Dental Insurance
  • Holiday Insurance
  • Home Insurance
    • Condo Insurance
    • Flood Insurance
    • Homeowners Insurance
    • Pet Insurance
    • Renters Insurance
    • Umbrella Insurance
  • Travel Insurance
  • News
No Result
View All Result
  • Business Insurance
    • General Liability Insurance
    • Professional Liability Insurance
    • Small Business Insurance
    • Workers Compensation Insurance
  • Car Insurance
    • RV Insurance
  • Health insurance
    • Dental Insurance
  • Holiday Insurance
  • Home Insurance
    • Condo Insurance
    • Flood Insurance
    • Homeowners Insurance
    • Pet Insurance
    • Renters Insurance
    • Umbrella Insurance
  • Travel Insurance
  • News
No Result
View All Result
ourinsuranceworld.com
No Result
View All Result
ADVERTISEMENT

Fidelis Insurance Reports Drop in Net Income Despite Premium Growth

Shine by Shine
20/09/2024
in News
Fidelis Insurance Reports Drop in Net Income Despite Premium Growth
ADVERTISEMENT

Fidelis Insurance reported a decline in net income for Q2 2024, even as gross premiums written surged 24.7% to $1.2 billion. The company’s combined ratio stood at 92.7%. Operating returns on equity were both 10.0%, while favorable prior year loss reserve development reached $68.6 million, up from $2.4 million last year.

Catastrophe and large losses increased to $181.2 million from $85.2 million. Net investment income rose to $46.0 million from $27.3 million. Fidelis invested $677.7 million in fixed-income securities at a 5.2% yield and sold $220.4 million in securities at 1.6%.

ADVERTISEMENT

The growth in premiums was driven by new business and higher rates, despite a drop in the aviation and aerospace sector. Celebrating its first year as a public company, Fidelis announced a $200 million share repurchase program and remains optimistic about future opportunities.

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Previous Post

Prime Insurance Names Peggy E. Day EVP of Operations

Next Post

QBE Appoints New Marine Underwriting Director

Shine

Shine

Shine is a dedicated and experienced insurance consultant, committed to helping clients navigate the complexities of insurance with ease and confidence. With a deep understanding of the industry, Shine provides personalized advice and tailored solutions that meet each client's unique needs. Whether you're looking for the best health, life, or property insurance, Shine's expertise and client-focused approach ensure that you get the optimal coverage at the most competitive rates. Trust Shine to safeguard your future with reliable and comprehensive insurance solutions.

Related Posts

OPTIS: Insurance M&A Falls 10%
News

OPTIS: Insurance M&A Falls 10%

26/11/2024
Marsh: US Rates Up 3%
News

Marsh: US Rates Up 3%

26/11/2024
Progressive Ends Fire Insurance
News

Progressive Ends Fire Insurance

26/11/2024
Zurich Insurance Sets New Goals
News

Zurich Insurance Sets New Goals

26/11/2024
4th Circuit: No Crypto Coverage
News

4th Circuit: No Crypto Coverage

26/11/2024
Safeco Buys Main Street
News

Safeco Buys Main Street

26/11/2024
Next Post
QBE Appoints New Marine Underwriting Director

QBE Appoints New Marine Underwriting Director

Max Life Reports 46% Profit Surge in Q1 FY25

Max Life Reports 46% Profit Surge in Q1 FY25

blank

What is the Purpose of Business Insurance?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tags

Accidental Insurance Annual Travel Insurance barclays travel insurance campervan insurance cat insurance Commercial Property Insurance covid holiday insurance Credit Card Travel Insurance dog insurance dual Health Insurance full time rv insurance international health insurance jet2 holiday insurance landlord insurance Liability Car Insurance Malpractice Insurance Medical Travel Insurance military dental insurance natwest travel insurance nursing home insurance Personal Liability Insurance Personal Property Insurance Private Dental Insurance private flood insurance Private Health Insurance Progressive Rv Insurance Property Insurance Public Liability Insurance Rental Car Insurance Rental Property Insurance rv travel insurance ryanair travel insurance secondary dental insurance short term Health Insurance supplemental dental insurance third party liability pet insurance trailer insurance

Recent Posts

What Makes Car Insurance Expensive
Car Insurance

What Makes Car Insurance Expensive

by Steven
19/01/2025

Car insurance is an essential part of vehicle ownership, providing financial protection against accidents, theft, and other unforeseen events. However,...

What Is Policy Excess on Car Insurance

What Is Policy Excess on Car Insurance

19/01/2025
What Is Premium Tax on Car Insurance

What Is Premium Tax on Car Insurance

19/01/2025
What Is the Average Car Insurance Rate

What Is the Average Car Insurance Rate

19/01/2025
What Is the Average Monthly Car Insurance Payment

What Is the Average Monthly Car Insurance Payment

19/01/2025
What Is Od Discount in Car Insurance

What Is Od Discount in Car Insurance

18/01/2025

Popular articles

What Is Zero Deductible Car Insurance

What Is Zero Deductible Car Insurance

15/01/2025
What Health Insurance Pays for Gym Membership

What Health Insurance Pays for Gym Membership

09/01/2025
Is Allianz Health Insurance Good

Is Allianz Health Insurance Good

07/01/2025
What Is One Way Auto Insurance Coverage

What Is One Way Auto Insurance Coverage

16/01/2025
How to Find out What Home Insurance I Have

How to Find out What Home Insurance I Have

24/12/2024
Global Family Floater Health Insurance Market Poised for Significant Growth

Who Pays Workers Comp Lawyers

26/12/2024
ourinsuranceworld.com

Welcome to ourinsuranceworld ! We’re committed to offering personalized coverage that secures your future. With a focus on reliability and customer care, we strive to be your trusted partner in navigating life’s uncertainties.

Recent Posts

  • What Makes Car Insurance Expensive 19/01/2025
  • What Is Policy Excess on Car Insurance 19/01/2025
  • What Is Premium Tax on Car Insurance 19/01/2025
  • What Is the Average Car Insurance Rate 19/01/2025
  • What Is the Average Monthly Car Insurance Payment 19/01/2025

TAGS

Accidental Insurance Annual Travel Insurance barclays travel insurance campervan insurance cat insurance cigna Health Insurance cobra Health Insurance Commercial Property Insurance covid holiday insurance Credit Card Travel Insurance dog insurance dual Health Insurance full time rv insurance international health insurance jet2 holiday insurance

Useful Links

about us

disclaimer

privacy policy

Copyright © 2024 ourinsuranceworld.com

No Result
View All Result
  • Home
  • Business Insurance
  • Car Insurance
  • Home Insurance
  • News

Copyright © 2024 Welcome to ourinsuranceworld ! We’re committed to offering personalized coverage that secures your future. With a focus on reliability and customer care, we strive to be your trusted partner in navigating life’s uncertainties.