Fidelis: Turning The Corner On Russia Losses, A Favorable Hurricane Season

Core Viewpoint - Shares of Fidelis Holdings (NYSE: FIHL) have shown mixed performance over the past year, remaining essentially flat due to claims related to its exposure in Russia's aircraft sector. However, these challenges are now considered behind the company, indicating a potential for recovery and growth [1]. Company Performance - The insurer has faced losses attributed to its Russia aircraft exposure, but these issues are now resolved, suggesting a more stable outlook moving forward [1]. Investment Perspective - The analysis reflects a contrarian investment approach, focusing on macro views and stock-specific turnaround stories to achieve outsized returns with a favorable risk/reward profile [1].