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Fidelis Insurance Holdings (Fidelis Insurance Holdings) Pretax Margin % : 18.20% (As of Mar. 2024)


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What is Fidelis Insurance Holdings Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Fidelis Insurance Holdings's Pre-Tax Income for the three months ended in Mar. 2024 was $95 Mil. Fidelis Insurance Holdings's Revenue for the three months ended in Mar. 2024 was $523 Mil. Therefore, Fidelis Insurance Holdings's pretax margin for the quarter that ended in Mar. 2024 was 18.20%.

The historical rank and industry rank for Fidelis Insurance Holdings's Pretax Margin % or its related term are showing as below:

FIHL' s Pretax Margin % Range Over the Past 10 Years
Min: 5.28   Med: 15.78   Max: 56.99
Current: 19.74


FIHL's Pretax Margin % is ranked better than
75.82% of 488 companies
in the Insurance industry
Industry Median: 10.115 vs FIHL: 19.74

Fidelis Insurance Holdings Pretax Margin % Historical Data

The historical data trend for Fidelis Insurance Holdings's Pretax Margin % 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.

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Fidelis Insurance Holdings Pretax Margin % Chart

Fidelis Insurance Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
16.31 15.78 6.59 5.28 56.99

Fidelis Insurance Holdings Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 84.61 20.08 17.71 22.92 18.20

Competitive Comparison of Fidelis Insurance Holdings's Pretax Margin %

For the Insurance - Diversified subindustry, Fidelis Insurance Holdings's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Fidelis Insurance Holdings's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Fidelis Insurance Holdings's Pretax Margin % falls into.



Fidelis Insurance Holdings Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Fidelis Insurance Holdings's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=2047.2/3592.1
=56.99 %

Fidelis Insurance Holdings's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=95.1/522.5
=18.20 %

* 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) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Fidelis Insurance Holdings Pretax Margin % 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.