Fidelis Insurance Holdings Limited, has expanded its capital management initiatives.

The strategic capital allocator and risk selector in specialty insurance and reinsurance has taken its approved common share repurchase authorization to $400 million and the board of directors have additionally approved and declared a dividend of $0.15 per common share, payable on March 27 to shareholders of record on March 16.

The announcement builds on the $313.7 million in capital returned to shareholders in the year ended December 31, 2025, including the repurchase 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 totaling $75.0 million with CVC Falcon Holdings Limited.

Dan Burrows, Fidelis Insurance Group CEO, stated: “We are, first and foremost, strategic capital allocators, focused on identifying the most compelling opportunities and prioritizing 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."

Mr Burrows further stated that the latest share repurchases provides more flexibility to capitalize on the considerable discount between the stock price and net book value.

He said: “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."