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Stock impact report

AM Best Affirms Credit Ratings of Fidelis Insurance Holdings Limited and Its Subsidiaries [Yahoo! Finance]

Fidelis Insurance Holdings Limited Common Shares (FIHL) 
Company Research Source: Yahoo! Finance
Ratings (Long-Term ICR) of "a" (Excellent) of Fidelis Insurance Bermuda Limited (Bermuda), Fidelis Underwriting Limited (United Kingdom) and Fidelis Insurance Ireland Designated Activity Company (Ireland). In addition, AM Best has affirmed the Long-Term ICR of "bbb" (Good) of Fidelis Insurance Holdings Limited (Fidelis) (Bermuda), the ultimate holding company. Concurrently, AM Best has affirmed the Long-Term Issue Credit Rating of "bb+" (Fair) of Fidelis' $304 million, 9% preference shares, due 2050 ($58.4 million remains outstanding). The Credit Ratings (ratings) reflect Fidelis' balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). Fidelis maintains the strongest level of risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), overall strong liquidity, a conservative investment portfolio and demonstrated adequate financial Show less Read more
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