Conduit Holdings Limited

CRE

Equity

ISIN BMG243851091 / Valor 58625355

LSE London Stock Exchange, SETS (2024-12-24)

GBP 4.69-0.11%

Conduit Holdings Limited
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About company

Conduit Holdings Limited is a Bermuda-based pure-play reinsurer that specializes in providing support to insurers and reinsurers in the areas of property, casualty, and specialty reinsurance. The company focuses on offering reinsurance solutions to help manage risk and enhance financial stability for its clients. With a strong presence in the reinsurance market, Conduit Holdings Limited plays a crucial role in the insurance industry by providing essential risk management services to its clients.

Summarized from source with an LLMView SourceSector: Finance

Gross Premiums Written

For the six months ended 30 June 2024, Conduit Holdings Limited reported gross premiums written of $737.8 million, a significant increase from $542.2 million in the same period of 2023. This represents a year-on-year growth of 36.1%, reflecting the company's strong market position and effective distribution channels.

Return on Equity

Conduit Holdings Limited achieved a return on equity (RoE) of 9.9% for the six months ended 30 June 2024, compared to 9.1% for the same period in 2023. This improvement underscores the company's ability to generate profits from its equity base, even in a challenging market environment.

Interim Dividend

Conduit Holdings Limited declared an interim dividend of $0.18 (approximately £0.14) per common share for the six months ended 30 June 2024. This is consistent with the dividend declared in the same period of the previous year, indicating a stable return to shareholders.

Net Reinsurance Revenue

For the six months ended 30 June 2024, Conduit Holdings Limited reported net reinsurance revenue of $338.2 million, up from $242.8 million in the same period of 2023. This 39.3% increase was driven by continued business growth and the earn-out of premiums from prior underwriting years.

Net Investment Result

Conduit Holdings Limited's net investment result for the six months ended 30 June 2024 was $23.0 million, slightly up from $22.6 million in the same period of 2023. The investment return for the first half of 2024 was 1.5%, primarily driven by investment income from a higher-yielding portfolio.

Summarized from source with an LLMView Source

Key figures

0.86%1Y

12.2%3Y

%5Y

Performance

24.4%1Y

24.1%3Y

22.5%5Y

Volatility