** 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;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.