Conduit Holdings reported preliminary results for the year ended 31 December 2024. Results of operating activities was $126.8 million compared to $192.0 million, last year. Earnings per share was $0.79 compared to $1.19.
For the year ended 31 December 2024, gross premiums written was $1.16 billion, up 24.8% from last year. Net reinsurance revenue was $720.0 million, an increase of 29.4%.
Trevor Carvey, CEO, said: "From a standing start four years ago, we have delivered a business which produced $1.16 billion of gross premiums written in 2024, an increase of 24.8% on 2023. In a high catastrophe year, the business produced a 12.7% ROE, after having delivered a 22.0% ROE in 2023."
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