Why Fidelis Insurance Holdings Limited Rallied 30.2% in March

The newly public insurer posted impressive fourth-quarter results.Shares of newly public insurance company Fidelis Insurance Holdings Limited (FIHL 1.31%) rallied 30.2% in March, according to data from S&P Global Market Intelligence.Fidelis was incorporated in 2014 but just went public via an initial public offering (IPO) back in June of 2023. As a relatively new-on-the-scene financial company, Fidelis hadn't received a very enthusiastic welcome in the markets, as it initially raised less money than it had ...