Fidelis Q2 UW gain more than doubles to $76mn as GWP rises by 25%

Published: Tue 22 Aug 2023

Fidelis Insurance Group’s underwriting gain more than doubled in the second quarter to $76mn as the firm improved its combined ratio 8.5 points, an improvement that was largely driven by the performance of its specialty division and a 21 percent reduction in cat losses in the quarter.