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Conduit Holdings Ltd

Conduit Holdings Ltd

CRE · LSE · Financial Services / Insurance - Reinsurance

442.50GBX+3.00 (+0.68%)

Price History

Full chart

Market Stats

Previous Close439.50
Open437.00
Day Range437.00 – 444.00
52-Week Range301.47 – 485.50
Volume179.71K
Market Cap624.59M
P/E (TTM)4.37
Forward P/E6.92
EPS1.02
Dividend Yield5.90%
Beta0.58
50-Day Avg452.29
200-Day Avg432.40

About

Conduit Holdings Limited, through its subsidiary, provides reinsurance products and services in the United States, Europe, and worldwide. It operates in three divisions: Property, Casualty, and Specialty. The company offers property catastrophe and non-catastrophe reinsurance products; directors and officers, financial institutions, general, professional, including other errors and omissions, and transactional liability, as well as medical malpractice reinsurance products. It also provides aviation, contingency, energy, engineering and construction, environmental, marine, renewables, political violence and terrorism, whole account, as well as species and fine art, war, and event capped QS of above xl lines reinsurance products. Conduit Holdings Limited was incorporated in 2020 and is headquartered in Pembroke, Bermuda.

Company Details

  • SectorFinancial Services
  • IndustryInsurance - Reinsurance
  • CEOMr. Neil David Eckert
  • Employees68
  • HeadquartersIdeation House, Pembroke, Bermuda, HM08, UK
  • Websitehttps://conduitreinsurance.com

Leadership

  • Mr. Neil David EckertCEO & Executive Director · b. 1962
  • Ms. Elaine WhelanExecutive Director & CFO · b. 1975
  • Mr. Anthony MongielloChief Operating Officer
  • Mr. Brett Patterson ShirreffsHead of Investor Relations
  • Mr. Greg LunnGeneral Counsel & Company Secretary
  • Ms. Heather MelloHead of People & Culture
  • Mr. Marc BearmanHead of Specialty
  • Mr. Angus HamptonHead of Casualty
  • Ms. Melissa FloodHead of Catastrophe Analytics
  • Mr. William RandolphChief Risk Officer

Financials

Income Statement

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue200.00K190.60M392.40M633.00M746.30M836.30M
Growth (%)-+95200.00%+105.88%+61.31%+17.90%+12.06%
Cost of Revenue-59.10M136.10M110.90M-49.90M
Gross Profit200.00K190.60M429.50M705.00M746.30M786.40M
Gross Margin100.00%100.00%109.45%111.37%100.00%94.03%
Operating Expense4.90M232.10M518.40M515.60M620.70M669.60M
Operating Income-4.70M-41.50M-88.90M189.40M125.60M116.80M
Operating Margin-2350.00%-21.77%-22.66%29.92%16.83%13.97%
EBITDA-4.70M-41.40M-88.00M190.10M127.90M119.10M
EBITDA Margin-2350.00%-21.72%-22.43%30.03%17.14%14.24%
Net Income-4.60M-42.00M-90.50M190.80M125.60M116.80M
Net Income Margin-2300.00%-22.04%-23.06%30.14%16.83%13.97%
Interest Expense0500.00K800.00K27.20M1.20M1.23M
Interest Expense % of Total Revenue0.00%0.26%0.20%4.30%0.16%0.15%

Balance Sheet

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.06B1.33B1.57B1.50B1.91B2.33B
Total Liabilities11.00K353.60M754.00M508.80M855.00M1.22B
Total Equity1.05B981.20M814.40M987.40M1.05B1.10B
Cash1.05B67.50M112.90M199.80M313.20M339.20M
Total Debt11.00K2.90M2.40M2.30M1.60M800.00K
Net Debt-1.05B-64.60M-110.50M-197.50M-311.60M-338.40M

Cash Flow

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-3.10M48.70M203.20M309.40M407.30M361.60M
Investing Cash Flow-100.00K-1.01B-77.90M-148.70M-219.70M-269.20M
Financing Cash Flow1.06B-30.00M-79.80M-73.80M-69.70M-75.70M
Capital Expenditure200.00K1.40M300.00K700.00K700.00K0
Free Cash Flow-3.30M47.30M202.90M308.70M406.60M361.60M
Dividends Paid29.70M29.70M59.30M59.30M59.50M59.40M
FCF to OCF106.45%97.13%99.85%99.77%99.83%100.00%
Dividend Paid to FCF-900.00%62.79%29.23%19.21%14.63%16.43%

Earnings

Report DateFeb 27, 2025Jul 30, 2025Feb 17, 2027
EPS Estimate0.0012.63-
EPS Actual0.17-0.09-
Surprise--100.71%-
Timing-After-hoursPre-market

Key Statistics & Ratios

Market Cap624.59M
Enterprise Value423.26M
Trailing P/E4.37
Forward P/E6.92
PEG Ratio0.00
Price / Sales0.77
Price / Book0.77
EPS1.02
Book Value5.70
Revenue (TTM)812.10M
Gross Profit (TTM)243.40M
EBITDA212.40M
Profit Margin25.93%
Operating Margin20.53%
Return on Equity19.80%
Return on Assets5.80%
Shares Outstanding140.04M
Shares Float130.83M
Beta0.58
Dividend Yield5.90%
Dividend Rate0.26
Payout Ratio25.69%

Dividends

20262×
0.13Aug 13, 20260.13Mar 19, 2026
20252×
0.13Aug 14, 20250.14Mar 20, 2025
20242×
0.14Aug 15, 20240.13Mar 21, 2024
20232×
0.13Aug 17, 20230.15Mar 23, 2023
20222×
0.13Aug 18, 20220.13Mar 24, 2022
20211×
0.13Aug 19, 2021