Conduit Holdings Limited

Latest Results (15.10.2025):

Conduit Holdings Limited announced its interim financial results for the six months ended June 30, 2025. The company experienced an 8.9% increase in gross premiums written and a substantial rise in net investment income, despite facing elevated loss activity and challenging market conditions. Strategic initiatives aimed at enhancing business resilience and managing net exposures were highlighted as key drivers in navigating the turbulent first half of the year.

Strong Growth in Gross Premiums Written

For the six months ended June 30, 2025, Conduit Holdings Limited reported gross premiums written of $803.3 million, marking an 8.9% increase compared to the same period in 2024. This growth underscores the company’s effective strategies in expanding its premium base amidst a competitive market.

Significant Increase in Net Investment Income

Net investment income saw a remarkable surge of 177.4%, reaching $63.8 million for the first half of 2025. This growth was driven by a robust and expanding investment portfolio, contributing to a total return of 3.9% through June 30, 2025.

Interim Dividend Maintained

The Board declared an interim dividend of $0.18 per common share, maintaining the dividend policy in line with the company’s commitment to providing steady returns to shareholders despite a comprehensive loss for the period.

Elevated Combined Ratios Amid Increased Loss Activity

The company reported an undiscounted combined ratio of 122.1% for the six months ended June 30, 2025, reflecting higher loss activity due to severe natural catastrophes and significant risk events. This rise in combined ratios indicates increased claims and loss-related expenses impacting overall profitability.

Strategic Portfolio Adjustments to Enhance Resilience

Conduit Holdings Limited is undertaking strategic adjustments to its portfolio, including enhancing outwards reinsurance programs and shifting towards excess of loss business. These measures aim to reduce attritional loss exposure and improve diversification, thereby increasing the business’s resilience and supporting long-term value creation.