Conduit Holdings Ltd
LSE:CRE
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Conduit Holdings Ltd
LSE:CRE
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Conduit Holdings Ltd
Conduit Holdings Ltd. operates as a reinsurance firm. The company is engaged in reinsurance underwriting business focusing on producing risk adjusted returns from a diversified and focused business plan. The firm is focused on reinsurance in property, casualty and specialty classes.
Conduit Holdings Ltd. operates as a reinsurance firm. The company is engaged in reinsurance underwriting business focusing on producing risk adjusted returns from a diversified and focused business plan. The firm is focused on reinsurance in property, casualty and specialty classes.
Premium Growth: Gross premiums written rose 8.5% to $1.04 billion for the first 9 months of 2025, with the casualty segment showing the strongest growth.
Investment Return: The investment portfolio delivered a 5.4% return year-to-date, supported by strong investment income and a growing asset base.
Market Conditions: Pricing softened in property and specialty lines, with a risk-adjusted rate change net of inflation of minus 3% overall; management says pricing remains adequate.
Guidance Reaffirmed: The company reaffirmed its mid-single-digit ROE guidance for 2025, citing a stable loss environment in Q3 but noting potential late-season risks.
Share Buyback Resumes: The company is resuming its share buyback program with Board approval for up to GBP 50 million through May 2026.
Leadership Changes: Stephen Postlewhite was appointed as Chief Underwriting Officer, along with other key leadership hires and promotions.
Growth Outlook: Management expects growth to moderate in 2026 as the business matures and market pricing continues to soften.