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An announcement from Conduit Holdings Ltd ( (GB:CRE) ) is now available.
Conduit Holdings Limited announced strong 2024 financial results, with a 24.8% increase in gross premiums written, amounting to $1.16 billion, despite significant industry losses due to events such as California wildfires. The company achieved a 12.7% return on equity and continues to capitalize on a robust balance sheet and favorable market conditions, positioning itself for future growth opportunities. Notably, the company anticipates improved underwriting conditions following recent catastrophic events, which could enhance their market positioning and offer attractive growth opportunities.
More about Conduit Holdings Ltd
Conduit Holdings Limited is the ultimate parent company of Conduit Re, a Bermuda-based reinsurance business that operates across multiple lines. The company focuses on providing reinsurance solutions and has shown substantial growth in gross premiums and profitability, even in challenging years with significant industry losses.
YTD Price Performance: -6.83%
Average Trading Volume: 404,957
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £721.3M
For detailed information about CRE stock, go to TipRanks’ Stock Analysis page.
