Fidelis expands share buyback to $400 million

Fidelis Insurance Group has increased its common share repurchase authorization to $400 million and declared a quarterly dividend of $0.15 per share.

The dividend will be paid on March 27, 2026, to shareholders of record as of March 16, 2026.

The move follows $313.7 million returned to shareholders in 2025, including $261.4 million in share repurchases and $52.3 million in dividends. In the fourth quarter alone, the company repurchased about 4.1 million shares for $75 million through privately negotiated transactions with CVC Falcon Holdings.

The expanded authorization allows Fidelis to repurchase shares through open market purchases, accelerated programs, or private transactions, depending on market conditions and capital needs.

The company said the increased flexibility reflects its strong capital position and its view that the current share price trades at a discount to net book value, while it continues to pursue underwriting growth through partnerships and its Fidelis Partnership platform.