** Shares of specialty insurer Fidelis Insurance FIHL.N jump as much as 15.5%, last up 5.7% at $19.51

** FIHL on Tuesday posted Q3 profit of 88 cents/shr, beating Wall Street expectations of 72 cents/shr - LSEG data

** Q3 net investment income jumped to $52.1 mln from $33.1 mln a year earlier, thanks to higher returns on its fixed income portfolio

** Net premiums earned jumped 24.5% to $634.5 mln in the quarter, driven by strong growth in its specialty segment

** Q3 combined ratio was 87.4% compared to 85.4% a year earlier

** A ratio below 100% means the insurer earned more in premiums than it paid out in claims

** As of last close, FIHL shares up 45.7% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))