Conduit Holdings Ltd (GB:CRE) has released an update.
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Conduit Holdings Limited reported a strong financial performance for the first half of 2024, with a 36.1% increase in gross premiums written and a commendable return on equity of 9.9%. The company declared an interim dividend of $0.18 per common share and highlighted significant growth in property and specialty non-catastrophe lines, while maintaining a balanced underwriting portfolio amidst industry loss events. Executives expressed confidence in the company’s established distribution channels and resilience in the face of inflationary pressures and industry pricing challenges.
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