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Conduit Holdings Ltd
(LSE:CRE)
Conduit Holdings Ltd (CRE) vs. S&P 500 (SPY)
Conduit Holdings Ltd Business Overview & Revenue Model
Conduit Holdings Ltd Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 864.70M | 746.30M | 602.30M | 429.50M | 190.60M | 200.00K | Gross Profit |
| 864.70M | 746.30M | 594.10M | 429.50M | 190.60M | 200.00K | EBIT |
| 267.15M | 0.00 | 192.00M | -88.90M | -41.50M | -4.70M | EBITDA |
| -1.45M | 127.90M | 190.10M | -36.10M | -41.40M | -4.70M | Net Income Common Stockholders |
| 266.40M | 125.60M | 190.80M | -90.50M | -42.00M | -4.60M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 118.10M | 313.20M | 199.80M | 112.90M | 67.50M | 1.05B | Total Assets |
| 1.32B | 1.91B | 1.50B | 1.57B | 1.33B | 1.06B | Total Debt |
| 0.00 | 1.60M | 2.30M | 2.40M | 2.90M | 11.00K | Net Debt |
| -118.10M | -311.60M | -197.50M | -110.50M | -64.60M | -1.05B | Total Liabilities |
| 0.00 | 855.00M | 508.80M | 754.00M | 353.60M | 11.00K | Stockholders Equity |
| 917.10M | 1.05B | 987.40M | 814.40M | 981.20M | 1.05B |
| Cash Flow | Free Cash Flow | ||||
| 455.45M | 406.60M | 308.70M | 202.90M | 47.30M | -3.30M | Operating Cash Flow |
| 457.10M | 407.30M | 309.40M | 203.20M | 48.70M | -3.10M | Investing Cash Flow |
| -167.45M | -219.70M | -148.70M | -77.90M | -1.01B | -100.00K | Financing Cash Flow |
| -105.20M | -69.70M | -73.80M | -79.80M | -30.00M | 1.06B |
Conduit Holdings Ltd Technical Analysis
Conduit Holdings Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £1.44B | 5.62 | 21.23% | 3.02% | 14.46% | -2.98% | |
79 Outperform | £5.66B | 6.63 | 26.32% | 2.75% | 7.79% | 9.99% | |
75 Outperform | £608.08M | 5.89 | 12.25% | 7.58% | 27.08% | -34.38% | |
63 Neutral | £3.56B | 24.40 | 5.97% | 2.19% | 26.11% | -29.43% | |
63 Neutral | $12.00B | 9.27 | 8.14% | 79.61% | 12.85% | -5.12% |
Conduit Holdings Ltd Corporate Events
Conduit Holdings Limited announced that its 2025 Annual General Meeting will be held on 14 May 2025 at its offices in Bermuda, with options for shareholders to join via video conference. Shareholders are encouraged to submit their votes in advance, and further details are available in the AGM Notice on the company’s website.
Spark’s Take on GB:CRE Stock
According to Spark, TipRanks’ AI Analyst, GB:CRE is a Outperform.
Conduit Holdings Ltd has a strong financial foundation with impressive revenue growth and a healthy balance sheet. The low P/E ratio and high dividend yield make it an attractive investment. However, technical analysis indicates a bearish trend, and recent corporate events, including leadership changes and wildfire losses, present potential risks. Overall, the company maintains a solid position with strategic initiatives to support future growth.
To see Spark’s full report on GB:CRE stock, click here.
Conduit Holdings Limited announced that its Employee Benefit Trust purchased 24,074 shares on the London Stock Exchange to satisfy awards under the company’s employee share schemes. This transaction brings the total shares held by the trust to 8,262,000, representing 5% of the company’s total voting rights. The trust, which benefits CHL employees and executive directors, will abstain from voting unless directed by CHL, though CHL cannot dictate how votes are cast.
Spark’s Take on GB:CRE Stock
According to Spark, TipRanks’ AI Analyst, GB:CRE is a Outperform.
Conduit Holdings Ltd has a strong financial foundation with impressive revenue growth and a healthy balance sheet. The low P/E ratio and high dividend yield make it an attractive investment. However, technical analysis indicates a bearish trend, and recent corporate events, including leadership changes and wildfire losses, present potential risks. Overall, the company maintains a solid position with strategic initiatives to support future growth.
To see Spark’s full report on GB:CRE stock, click here.
Conduit Holdings Ltd, a non-UK issuer, has announced a change in its major shareholdings. Zedra Trust Company (Guernsey) Limited, acting as trustee for Conduit Group’s Employee Benefit Trust, has increased its voting rights from 4.595% to 5.00%, now holding 8,262,000 voting rights. This change signifies a consolidation of control within the company, potentially impacting its governance and strategic decisions.
Spark’s Take on GB:CRE Stock
According to Spark, TipRanks’ AI Analyst, GB:CRE is a Outperform.
Conduit Holdings Ltd has a strong financial foundation with impressive revenue growth and a healthy balance sheet. The low P/E ratio and high dividend yield make it an attractive investment. However, technical analysis indicates a bearish trend, and recent corporate events, including leadership changes and wildfire losses, present potential risks. Overall, the company maintains a solid position with strategic initiatives to support future growth.
To see Spark’s full report on GB:CRE stock, click here.
Conduit Holdings Limited announced that Trevor Carvey, a director and person discharging managerial responsibilities, acquired 50,000 common shares, bringing his total shareholding to 884,161 shares. This transaction, conducted on the London Stock Exchange, reflects confidence in the company’s market position and could have implications for its stock performance and stakeholder interests.
Spark’s Take on GB:CRE Stock
According to Spark, TipRanks’ AI Analyst, GB:CRE is a Outperform.
Conduit Holdings Ltd demonstrates strong financial performance and an attractive valuation profile, contributing to a solid overall score. However, technical analysis highlights a bearish trend, and recent corporate developments pose potential challenges. Despite these, the company’s robust financials and high dividend yield make it an appealing investment, with a need to monitor leadership transitions and loss management.
To see Spark’s full report on GB:CRE stock, click here.
Conduit Holdings Limited announced that its Employee Benefit Trust has purchased 44,400 shares on the London Stock Exchange to support its employee share schemes. This transaction increases the shares held by the trust to 4.985% of the company’s total voting rights, although the trust will abstain from voting unless directed by the company. This move underscores Conduit’s commitment to its employee incentive programs and could potentially enhance employee engagement and retention.
Spark’s Take on GB:CRE Stock
According to Spark, TipRanks’ AI Analyst, GB:CRE is a Outperform.
Conduit Holdings Ltd demonstrates strong financial performance and an attractive valuation profile, contributing to a solid overall score. However, technical analysis highlights a bearish trend, and recent corporate developments pose potential challenges. Despite these, the company’s robust financials and high dividend yield make it an appealing investment, with a need to monitor leadership transitions and loss management.
To see Spark’s full report on GB:CRE stock, click here.
Conduit Holdings Limited announced that the Conduit Employee Benefit Trust has purchased 150,000 shares on the London Stock Exchange to support the company’s employee share schemes. This transaction increases the total shares held by the trust to 8,193,526, representing 4.959% of the company’s total voting rights. The trust, which benefits CHL employees and executive directors, will abstain from voting unless directed by CHL, though CHL cannot dictate how votes are cast.
Spark’s Take on GB:CRE Stock
According to Spark, TipRanks’ AI Analyst, GB:CRE is a Outperform.
Conduit Holdings Ltd demonstrates strong financial performance and an attractive valuation profile, contributing to a solid overall score. However, technical analysis highlights a bearish trend, and recent corporate developments pose potential challenges. Despite these, the company’s robust financials and high dividend yield make it an appealing investment, with a need to monitor leadership transitions and loss management.
To see Spark’s full report on GB:CRE stock, click here.
Conduit Holdings Limited announced that its Employee Benefit Trust has purchased 150,000 shares on the London Stock Exchange to support its employee share schemes. This transaction increases the total shares held by the trust to 8,043,526, representing 4.868% of the company’s total voting rights. The shares are intended to satisfy awards under the company’s employee share schemes, and the trust will abstain from voting unless directed by the company. This move underscores Conduit’s commitment to aligning employee incentives with company performance, potentially enhancing stakeholder value.
Spark’s Take on GB:CRE Stock
According to Spark, TipRanks’ AI Analyst, GB:CRE is a Neutral.
Conduit Holdings Ltd exhibits strong financial performance and attractive valuation metrics, which are major strengths. However, technical analysis shows a bearish trend, and recent corporate developments, including the CEO’s retirement and wildfire losses, present challenges. Despite these concerns, the company’s robust financials and high dividend yield contribute positively to its overall attractiveness.
To see Spark’s full report on GB:CRE stock, click here.
Conduit Holdings Limited announced that its Employee Benefit Trust has purchased 150,000 shares on the London Stock Exchange to support its employee share schemes. This move indicates a commitment to rewarding employees, including executive directors, while maintaining a significant portion of shares within the trust. The trust holds 4.777% of the company’s total voting rights, but voting is typically abstained unless directed by the company, highlighting a strategic approach to share management.
Conduit Holdings Limited announced that Elaine Whelan, its Executive Director and Chief Financial Officer, acquired 58,500 common shares, increasing her total shareholding to 477,841 shares. This transaction, conducted on the London Stock Exchange, reflects confidence in the company’s market position and may influence stakeholder perceptions positively.
Conduit Holdings Limited announced that Neil Eckert, a person discharging managerial responsibility, sold 11,570 common shares and repurchased 5,785 shares into his Individual Savings Account (ISA) at the same price. Additionally, Nicola Eckert, closely associated with Neil, purchased 5,785 shares into her ISA following Neil’s sale. These transactions, conducted on April 2, 2025, reflect a ‘Bed and ISA’ strategy, impacting Neil Eckert’s beneficial ownership to 825,902 common shares.
Conduit Holdings Limited announced that its Employee Benefit Trust has purchased 150,000 shares on the London Stock Exchange to satisfy awards under its employee share schemes. This transaction increases the total shares held by the trust to 7,743,309, representing 4.686% of the company’s total voting rights. The move reflects the company’s commitment to employee incentives, potentially impacting its operational dynamics and stakeholder interests.
Conduit Holdings Limited announced that its Employee Benefit Trust has purchased 25,000 shares on the London Stock Exchange to support its employee share schemes. This transaction increases the total shares held by the trust to 7,593,309, representing 4.595% of the company’s total voting rights. The shares are intended to benefit employees, including executive directors, but the trust will abstain from voting unless directed by the company, though the manner of voting cannot be directed.
Conduit Holdings Limited, a non-UK issuer, has announced a change in its major holdings. Zedra Trust Company (Guernsey) Limited, acting as trustee for the Conduit Group Employee Benefit Trust, has reduced its voting rights in Conduit Holdings from 5.00% to 4.595%, as of April 1, 2025. This notification reflects a decrease in the total number of voting rights held by the trust, which may impact the company’s governance dynamics and influence within the market.
Conduit Holdings Limited announced that its CEO, Trevor Carvey, acquired 70,000 common shares, increasing his total shareholding to 834,161 shares. This transaction, conducted on the London Stock Exchange, reflects a significant investment in the company by its executive leadership, potentially signaling confidence in the company’s future performance.
Conduit Holdings Limited announced the retirement of CEO Trevor Carvey, effective April 11, 2025, due to personal circumstances requiring his return to the UK. Neil Eckert, Executive Chairman, will serve as interim CEO while a search for a new CEO is underway. The company acknowledges Carvey’s leadership in its start-up phase and significant premium growth. Additionally, Conduit Holdings reiterated its preliminary loss estimate of $100 million to $140 million from the California wildfires and plans to purchase additional reinsurance to mitigate earnings volatility. This strategic move is expected to adjust the company’s forecasted return on equity for the year.
Conduit Holdings Limited announced the vesting of common shares for Elaine Whelan, a person discharging managerial responsibilities, as part of deferred share bonus awards from 2021, 2022, and 2023. This transaction resulted in Whelan acquiring 96,156 common shares, increasing her total shareholding to 419,341 shares. The vesting of these shares reflects the company’s ongoing commitment to rewarding its key personnel, potentially impacting stakeholder perceptions and reinforcing its market position.
Conduit Holdings Limited announced the grant of a Long Term Incentive Plan (LTIP) award to Gregory Roberts, a person discharging managerial responsibilities within the company. Roberts has been awarded 87,478 common shares, which will vest on the third anniversary of the grant date, contingent upon continued employment. This move is part of the company’s remuneration strategy, aligning with its policy approved at the 2024 AGM. The award is not subject to specific performance conditions but adheres to the LTIP Rules, including provisions for adjustments and clawbacks. This announcement underscores Conduit’s commitment to incentivizing its management team, potentially impacting its operational stability and stakeholder confidence.
Conduit Holdings Limited announced the vesting of common shares for Trevor Carvey, a key managerial figure, as part of deferred share bonus awards from 2021, 2022, and 2023. This transaction resulted in Carvey acquiring 128,604 shares, increasing his total shareholding to 764,161. This move reflects the company’s ongoing commitment to rewarding its leadership, potentially impacting its market perception and stakeholder confidence.
Conduit Holdings Limited announced the vesting of common shares for Stuart Quinlan, a person discharging managerial responsibilities, as part of deferred share bonus awards from 2021, 2022, and 2023. Quinlan acquired a total of 90,252 Common Shares, increasing his total shareholding to 284,343. This transaction reflects the company’s ongoing commitment to rewarding key personnel, potentially impacting stakeholder perceptions and reinforcing Conduit’s market position.
Conduit Holdings Limited has announced the grant of a Long Term Incentive Plan (LTIP) award to Stuart Quinlan, a person discharging managerial responsibilities within the company. Quinlan has been awarded 247,705 common shares, which will vest over a three-year period subject to performance conditions focused on growth in net asset value per share and absolute total shareholder return. This move aligns with Conduit’s strategy to ensure long-term growth and value creation for shareholders, reflecting the company’s commitment to rewarding performance and maintaining its competitive position in the reinsurance industry.
Conduit Holdings Limited announced the grant of a Long Term Incentive Plan (LTIP) award to Elaine Whelan, a person discharging managerial responsibilities, consisting of 362,267 common shares. The award is contingent on performance conditions related to growth in net asset value per share and total shareholder return, with vesting occurring over a three-year period. This initiative underscores Conduit’s commitment to aligning managerial incentives with shareholder value creation, potentially impacting its operational focus and stakeholder interests.
Conduit Holdings Limited announced the vesting of common shares for Gregory Roberts, a person discharging managerial responsibilities, as part of deferred share bonus awards from 2021, 2022, and 2023. Roberts acquired a total of 93,724 common shares, increasing his total shareholding to 168,286 shares. This transaction reflects the company’s ongoing commitment to rewarding its key personnel and may influence investor perceptions of the company’s internal management incentives.
Conduit Holdings Limited has announced the vesting of common shares for Neil Eckert, a key managerial figure, as part of deferred share bonus awards from 2021 to 2023. This transaction, resulting in Eckert acquiring 81,226 shares, reflects ongoing commitments to managerial incentives and could impact shareholder dynamics by increasing insider ownership.
Conduit Holdings Limited, a non-UK issuer, announced a change in major holdings due to an acquisition or disposal of voting rights by Janus Henderson Group PLC. As of March 12, 2025, Janus Henderson Group’s total voting rights in Conduit Holdings decreased from 5.33% to 4.81%, with 4.51% attached to shares and 0.30% through financial instruments. This adjustment in holdings could impact Conduit’s shareholder dynamics and influence its strategic decisions.
Conduit Holdings Limited, a non-UK issuer, has announced a change in major holdings due to an acquisition or disposal of financial instruments by FIL Limited, a Bermuda-based company. As of March 12, 2025, FIL Limited’s total voting rights in Conduit Holdings increased to 12.097%, up from a previous 11.025%, indicating a strategic adjustment in their investment position. This change could potentially impact Conduit’s market dynamics and stakeholder interests.
Conduit Holdings Ltd has announced a change in its major holdings, with FIL Limited increasing its voting rights in the company to 11.0252% as of March 7, 2025. This acquisition of financial instruments by FIL Limited signifies a strategic move that could impact Conduit’s market positioning and influence its decision-making processes, potentially affecting stakeholders and future company operations.
Conduit Holdings Limited has published its 2024 Annual Report and Accounts, along with its ESG and ClimateWise Reports, following the release of its preliminary results for the same year. This publication is a significant step for the company, reinforcing its commitment to transparency and sustainability, and is likely to impact its stakeholders positively by providing insights into its financial and environmental performance.
Conduit Holdings Limited announced that Neil Eckert, its Executive Chairman, conducted a ‘Bed and SIPP’ transaction involving the sale and repurchase of 50,993 common shares. This transaction, executed on the London Stock Exchange, resulted in a slight increase in the share price upon repurchase. The transaction reflects a strategic financial maneuver by Eckert, maintaining his beneficial ownership interest at 744,676 common shares, which may signal confidence in the company’s future prospects.
Conduit Holdings Limited announced that its CEO, Trevor Carvey, acquired 30,000 common shares on 20 and 21 February 2025, increasing his total shareholding to 635,557 shares. This acquisition reflects a notable increase in insider investment, potentially signaling confidence in the company’s financial health and strategic direction, which may positively influence stakeholder perceptions.
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.
Conduit Holdings Ltd announced it will release its 2024 full-year financial results on February 19, 2025. The company will host a virtual presentation for analysts and investors on the same day, followed by a session for retail investors on February 20, 2025. The announcement highlights Conduit’s commitment to transparency and engagement with its stakeholders, providing opportunities for investors to ask questions and gain insights into the company’s financial performance.