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Fidelis Insurance Holdings (Fidelis Insurance Holdings) EBIT : $443 Mil (TTM As of Mar. 2024)


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What is Fidelis Insurance Holdings EBIT?

Fidelis Insurance Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $104 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $443 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fidelis Insurance Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was 4.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fidelis Insurance Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 25.54%.


Fidelis Insurance Holdings EBIT Historical Data

The historical data trend for Fidelis Insurance Holdings's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fidelis Insurance Holdings EBIT Chart

Fidelis Insurance Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
84.90 151.40 114.10 115.60 2,082.70

Fidelis Insurance Holdings Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,743.40 100.00 104.60 134.70 103.70

Competitive Comparison of Fidelis Insurance Holdings's EBIT

For the Insurance - Diversified subindustry, Fidelis Insurance Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fidelis Insurance Holdings's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Fidelis Insurance Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fidelis Insurance Holdings's EV-to-EBIT falls into.



Fidelis Insurance Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $443 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Fidelis Insurance Holdings  (NYSE:FIHL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Fidelis Insurance Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=414.8 * ( 1 - 14.62% )/( (7937.14 + 8872.125)/ 2 )
=354.15624/8404.6325
=4.21 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=10028.1 - 1406 - ( 712.4 - 5% * 548.8 )
=7937.14

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=11266.7 - 1749 - ( 671.7 - 5% * 522.5 )
=8872.125

Note: The EBIT data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Fidelis Insurance Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=443/1734.743
=25.54 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Fidelis Insurance Holdings EBIT Related Terms

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Fidelis Insurance Holdings (Fidelis Insurance Holdings) Business Description

Traded in Other Exchanges
Address
100 Pitts Bay Road, Waterloo House, Pembroke, BMU, HM08
Fidelis Insurance Holdings Ltd is a global (re)insurance company. It classify the business into three underwriting segments, namely Bespoke, Specialty and Reinsurance. Specialty primarily comprises property D&F, energy, marine and aviation lines. Bespoke primarily comprises credit and political risk and other tailored solutions for clients including transactional liabilities and credit insurance. Reinsurance primarily comprises property reinsurance.