Sign in

    Rob Cox • Goldman Sachs

    Rob Cox's questions to Fidelis Insurance Holdings Ltd (FIHL) leadership

    Rob Cox's questions to Fidelis Insurance Holdings Ltd (FIHL) leadership • Q2 2025

    Question

    Rob Cox of Goldman Sachs asked about the drivers behind the increased tax rate guidance to 19% and its potential persistence into 2026. He also inquired about the anticipated pace of execution for the new share repurchase authorization.

    Answer

    CFO Alan Declare confirmed the higher 2025 tax rate is due to a greater proportion of profits being generated in higher-tax jurisdictions like the UK. He noted it was too early to guide for 2026. Regarding buybacks, Declare described a multi-factored approach where capital is first prioritized for reinvestment in the business, followed by reinsurance and then shareholder returns, making the pace dependent on market conditions and opportunities.

    Ask Fintool Equity Research AI

    Rob Cox's questions to Travelers Companies Inc (TRV) leadership

    Rob Cox's questions to Travelers Companies Inc (TRV) leadership • Q3 2024

    Question

    Rob Cox noted pressure on new business and retention in the Select (small commercial) business and asked for help in sizing the company's annual expected catastrophe load.

    Answer

    Greg Toczydlowski, President of Business Insurance, explained that the retention dip in Select was intentional, resulting from optimizing the book for severe convective storm risk. Chairman and CEO Alan Schnitzer did not provide explicit cat load guidance but noted that recent heavy cat years are being weighed more heavily in their planning.

    Ask Fintool Equity Research AI