CONDUIT HLDGS LTD COM SHS USD0.01 (DI)
Symbol: CRE
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Company
Business Summary
Conduit Holdings Limited is a Bermuda-based holding company. The Company, through its subsidiary, Conduit Reinsurance Limited, provides reinsurance products and services to its clients worldwide. The Company’s underwriting business is comprised of three segments: Property, Casualty, and Specialty. The Property segment covers natural catastrophe and non-catastrophe risks on an excess of loss and proportional contract basis. The natural catastrophe risk is written across both the United States and internationally on an excess of loss and capped quota share basis. The Company’s Specialty segment has a diverse portfolio of business, including aviation, energy, engineering and construction, environmental, marine, renewables, political violence and terrorism, and whole account. The Company underwrites a balanced portfolio of casualty classes of business, comprised of both excess of loss and proportional contracts, on a worldwide basis.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2024, Conduit Holdings Ltd revenues decreased 13% to $165.9M. Net income decreased 34% to $125.6M. Revenues reflect decrease in net premium earned. Net income also reflects Net unrealised gains (losses) on investm decrease of 97% to $1M (income), Equity-based incentive expense increase from $2.5M to $7.1M (expense). Dividend per share decreased from $0.36 to $0.35.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2024 |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
---|---|---|---|---|---|
Total Revenue | 165.90 | 190.80 | 497.30 | 198.70 | 0.20 |
Gross profit | NIL | NIL | NIL | NIL | NIL |
Operating Profit/Loss | 127.90 | 159.90 | -21.90 | -33.50 | -4.62 |
Profit Before Tax | 125.60 | 190.80 | -89.70 | -42.00 | -4.62 |
Profit After Tax | 125.60 | 190.80 | -89.70 | -42.00 | -4.62 |
Equity Holders of Parent Company | 125.60 | 190.80 | -89.70 | -42.00 | -4.62 |
Minority Interest | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2024 |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
---|---|---|---|---|---|
Total Non-Current Assets | 1,906.20 | 1,496.20 | 1,568.40 | 1,334.80 | 1,055.31 |
Total Current Assets | NIL | NIL | NIL | NIL | NIL |
Total Assets | 1,906.20 | 1,496.20 | 1,568.40 | 1,334.80 | 1,055.31 |
Total Liabilities | 855.00 | 508.80 | 754.00 | 353.60 | 2.52 |
Total Net Assets | 1,051.20 | 987.40 | 814.40 | 981.20 | 1,052.78 |
Shareholders Funds | 1,051.20 | 987.40 | 814.40 | 981.20 | 1,052.78 |
Minority Interests | NIL | NIL | NIL | NIL | NIL |
Total Equity | 1,051.20 | 987.40 | 814.40 | 981.20 | 1,052.78 |
Outlook
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
31st Mar 2025 | Berenberg Bank | Reiteration | 333p | 0p | 700p | Buy |
12th Feb 2025 | Berenberg Bank | Reiteration | 453p | 0p | 700p | Buy |
1st Aug 2024 | RBC Capital Markets | Reiteration | 520p | 0p | 675p | Outperform |
1st Aug 2024 | Jefferies | Reiteration | 520p | 710p | 720p | Buy |
15th May 2024 | Berenberg Bank | Reiteration | 515p | 695p | 700p | Buy |
21st Feb 2024 | Berenberg Bank | Reiteration | 491p | 635p | 695p | Buy |
25th Jan 2024 | Berenberg Bank | Reiteration | 468p | 0p | 620p | Buy |
19th Jul 2023 | Berenberg Bank | Reiteration | 459p | 595p | 600p | Buy |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
16 Jul 2025 | 09:05 | 375 | 161 | Buy |
16 Jul 2025 | 09:03 | 374.5 | 500 | Sell |
16 Jul 2025 | 09:03 | 374.5 | 94 | Sell |
16 Jul 2025 | 09:03 | 374.5 | 96 | Sell |
16 Jul 2025 | 09:03 | 374.5 | 93 | Sell |
16 Jul 2025 | 09:03 | 374.5 | 339 | Sell |
16 Jul 2025 | 09:03 | 374.999 | 827 | Sell |
16 Jul 2025 | 09:02 | 375.5 | 440 | Buy |
16 Jul 2025 | 08:59 | 375 | 499 | Sell |
16 Jul 2025 | 08:59 | 375 | 430 | Sell |
16 Jul 2025 | 08:58 | 375 | 423 | Buy |
16 Jul 2025 | 08:58 | 375 | 3,077 | Buy |
16 Jul 2025 | 08:58 | 375 | 286 | Buy |
16 Jul 2025 | 08:57 | 374.647 | 2,500 | Buy |
16 Jul 2025 | 08:56 | 374 | 1,170 | Buy |
16 Jul 2025 | 08:56 | 374 | 2,108 | Buy |
16 Jul 2025 | 08:56 | 374 | 222 | Buy |
16 Jul 2025 | 08:56 | 374 | 322 | Buy |
16 Jul 2025 | 08:43 | 374.5 | 218 | Sell |
16 Jul 2025 | 08:43 | 374.5 | 705 | Sell |
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