Fidelis Insurance Holdings Limited announced on March 1, 2026 that it had entered into a definitive agreement to repurchase all remaining common shares of CVC Falcon Holdings Limited. The deal covers 8,597,170 shares at a purchase price of $19.00 per share, for a total aggregate consideration of $163.3 million.
The repurchase price is below Fidelis’s year‑end diluted book value per share of $24.61, a figure reported in the company’s Q4 2025 earnings release. Management said the transaction is intended to accrete book value per share and enhance return on average equity, reflecting confidence in the company’s valuation and a commitment to returning capital to shareholders.
This buyback represents a significant capital allocation move for Fidelis, adding to its prior share‑repurchase activity. The transaction is expected to strengthen the balance sheet and support future growth initiatives, reinforcing the company’s strategy of deploying excess capital at attractive valuations.
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