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Conduit Holdings Ltd
(LSE:CRE)
Conduit Holdings Ltd (CRE) vs. iShares MSCI United Kingdom ETF (EWC)
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 | ||||
| 695.30M | 746.30M | 602.30M | 429.50M | 190.60M | 200.00K | Gross Profit |
| 695.30M | 746.30M | 594.10M | 429.50M | 190.60M | 200.00K | EBIT |
| 211.00M | 125.60M | 192.00M | -88.90M | -41.50M | -4.70M | EBITDA |
| -1.40M | 127.90M | 190.10M | -36.10M | -41.40M | -4.70M | Net Income Common Stockholders |
| 210.30M | 125.60M | 190.80M | -90.50M | -42.00M | -4.60M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 67.50M | 313.20M | 199.80M | 112.90M | 67.50M | 1.05B | Total Assets |
| 1.33B | 1.91B | 1.50B | 1.57B | 1.33B | 1.06B | Total Debt |
| 2.90M | 1.60M | 2.30M | 2.40M | 2.90M | 11.00K | Net Debt |
| -64.60M | -311.60M | -197.50M | -110.50M | -64.60M | -1.05B | Total Liabilities |
| 353.60M | 855.00M | 508.80M | 754.00M | 353.60M | 11.00K | Stockholders Equity |
| 981.20M | 1.05B | 987.40M | 814.40M | 981.20M | 1.05B |
| Cash Flow | Free Cash Flow | ||||
| 356.00M | 406.60M | 308.70M | 202.90M | 47.30M | -3.30M | Operating Cash Flow |
| 357.30M | 407.30M | 309.40M | 203.20M | 48.70M | -3.10M | Investing Cash Flow |
| -130.60M | -219.70M | -148.70M | -77.90M | -1.01B | -100.00K | Financing Cash Flow |
| -83.30M | -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 |
|---|---|---|---|---|---|---|---|
84 Outperform | £636.55M | 6.17 | 12.25% | 7.22% | 27.08% | -34.38% | |
82 Outperform | £3.75B | 11.06 | 19.85% | 4.30% | 6.34% | 30.64% | |
79 Outperform | £5.91B | 7.02 | 26.32% | 2.60% | 7.79% | 9.99% | |
78 Outperform | £1.44B | 5.64 | 21.23% | 2.89% | 14.46% | -2.98% | |
64 Neutral | $12.77B | 9.77 | 7.59% | 16985.66% | 12.31% | -7.69% | |
63 Neutral | £3.88B | 26.93 | 5.97% | 2.31% | 26.11% | -29.43% | |
| $6.04B | 9.79 | 17.96% | 2.34% | ― | ― |
Conduit Holdings Ltd Corporate Events
Conduit Holdings Limited has announced the purchase of 35,000 of its common shares as part of its ongoing share buyback program. This move, executed by Panmure Liberum on the London Stock Exchange, is part of a broader strategy to manage the company’s capital structure and potentially enhance shareholder value. The buyback program is set to continue until the 2026 Annual General Meeting or August 14, 2026, whichever comes first, unless terminated earlier. The transaction increases the company’s treasury shares to 366,000, affecting the total voting rights available to shareholders.
The most recent analyst rating on (GB:CRE) stock is a Buy with a £600.00 price target. To see the full list of analyst forecasts on Conduit Holdings Ltd stock, see the GB:CRE Stock Forecast page.
Conduit Holdings Limited has announced the repurchase of 65,000 of its common shares as part of its ongoing share buyback program. This initiative, executed through Panmure Liberum Limited, is set to continue until the company’s 2026 Annual General Meeting or August 14, 2026, whichever comes first. The buyback program aims to optimize the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation. Following this transaction, Conduit Holdings now holds 331,000 shares in treasury, impacting the total voting rights available to shareholders.
The most recent analyst rating on (GB:CRE) stock is a Buy with a £600.00 price target. To see the full list of analyst forecasts on Conduit Holdings Ltd stock, see the GB:CRE Stock Forecast page.
Conduit Holdings Ltd announced a significant change in its voting rights structure, as Aviva PLC reduced its combined interest level in the company from over 5% to below 5%. This adjustment in holdings could influence Conduit’s shareholder dynamics and potentially impact its strategic decisions moving forward.
The most recent analyst rating on (GB:CRE) stock is a Buy with a £600.00 price target. To see the full list of analyst forecasts on Conduit Holdings Ltd stock, see the GB:CRE Stock Forecast page.
Conduit Holdings Limited has announced the purchase of 67,000 common shares as part of its ongoing share buyback program. This move is part of a strategy to manage its capital structure and potentially enhance shareholder value. The company now holds 266,000 shares in treasury, with total voting rights amounting to 164,973,997. This buyback activity reflects Conduit’s commitment to optimizing its financial operations and could have implications for shareholder interests and market perception.
The most recent analyst rating on (GB:CRE) stock is a Buy with a £600.00 price target. To see the full list of analyst forecasts on Conduit Holdings Ltd stock, see the GB:CRE Stock Forecast page.
Conduit Holdings Limited has announced the repurchase of 65,000 of its common shares as part of its ongoing share buyback program. This initiative, which allows for repurchases until the 2026 Annual General Meeting or August 14, 2026, aims to manage the company’s capital structure and potentially enhance shareholder value. Following this transaction, the company holds 199,000 shares in treasury, with total voting rights amounting to 165,040,997, which shareholders can use to assess their interests under FCA rules.
The most recent analyst rating on (GB:CRE) stock is a Buy with a £600.00 price target. To see the full list of analyst forecasts on Conduit Holdings Ltd stock, see the GB:CRE Stock Forecast page.
Conduit Holdings Limited has announced the purchase of 66,500 of its common shares as part of its ongoing share buyback program. This transaction is part of a broader initiative that will continue until the 2026 Annual General Meeting or August 14, 2026, whichever comes first. The company now holds 134,000 shares in treasury, with a total of 165,239,997 shares in issue, impacting the total voting rights available to shareholders. This move is likely to influence shareholder decisions and reflects the company’s strategic financial management.
The most recent analyst rating on (GB:CRE) stock is a Buy with a £600.00 price target. To see the full list of analyst forecasts on Conduit Holdings Ltd stock, see the GB:CRE Stock Forecast page.
Conduit Holdings Limited announced the purchase of 67,500 of its common shares as part of its ongoing share buyback program. This transaction, executed on the London Stock Exchange, is part of a larger initiative that will continue until the 2026 Annual General Meeting or August 14, 2026. The company now holds these shares in treasury, impacting the total voting rights available to shareholders.
The most recent analyst rating on (GB:CRE) stock is a Buy with a £600.00 price target. To see the full list of analyst forecasts on Conduit Holdings Ltd stock, see the GB:CRE Stock Forecast page.
Conduit Holdings Limited has announced a share buyback programme of up to $50 million, managed by Panmure Liberum Limited, to return additional capital to shareholders as part of its capital management strategy. The buyback will be funded from existing cash resources, with repurchased shares held in treasury for potential resale, cancellation, or use in employee share schemes, and will run until the 2026 AGM or August 2026, unless terminated earlier.
The most recent analyst rating on (GB:CRE) stock is a Buy with a £600.00 price target. To see the full list of analyst forecasts on Conduit Holdings Ltd stock, see the GB:CRE Stock Forecast page.
Conduit Holdings Limited announced that Neil Eckert, the CEO and a person discharging managerial responsibility, along with Nicola Eckert, a person closely associated with him, have purchased a total of 3,500 common shares at £3.69 each. This transaction increases Neil Eckert’s beneficial ownership to 829,402 common shares. The acquisition of shares by key figures in the company may signal confidence in the company’s future performance and could impact stakeholder perceptions positively.
The most recent analyst rating on (GB:CRE) stock is a Buy with a £600.00 price target. To see the full list of analyst forecasts on Conduit Holdings Ltd stock, see the GB:CRE Stock Forecast page.
Conduit Holdings Limited announced the successful passing of all 16 resolutions during its 2025 Annual General Meeting, including both ordinary and special resolutions. This outcome reflects strong shareholder support and positions the company to continue its strategic initiatives, potentially enhancing its market position and offering stability to its stakeholders.
The most recent analyst rating on (GB:CRE) stock is a Buy with a £600.00 price target. To see the full list of analyst forecasts on Conduit Holdings Ltd stock, see the GB:CRE Stock Forecast page.
Conduit Holdings Limited announced that Stuart Quinlan, the COO and Deputy CEO, acquired 11,500 common shares, increasing his total shareholding to 295,843 shares. This transaction, conducted on the London Stock Exchange, reflects a significant managerial investment, potentially signaling confidence in the company’s future performance and stability, which may have implications for stakeholders and market perceptions.
The most recent analyst rating on (GB:CRE) stock is a Buy with a £600.00 price target. To see the full list of analyst forecasts on Conduit Holdings Ltd stock, see the GB:CRE Stock Forecast page.
Conduit Holdings Limited reported a strong first quarter in 2025, with a 15% increase in gross premiums written and a 17.6% rise in reinsurance revenue. The company navigated significant challenges, including the California wildfires, by securing additional reinsurance and maintaining a high-quality investment portfolio with a 2.1% return. The board approved a $50 million share buyback, reflecting confidence in the company’s value and commitment to shareholder returns. Despite a challenging environment, Conduit remains optimistic about achieving its mid-teens return on equity target across the insurance cycle.
The most recent analyst rating on (GB:CRE) stock is a Buy with a £600.00 price target. To see the full list of analyst forecasts on Conduit Holdings Ltd stock, see the GB:CRE Stock Forecast page.
Conduit Holdings Limited has appointed Neil Eckert as the permanent Chief Executive Officer of Conduit Re, following his interim role since March 2025. This appointment is part of a broader directorate change, with Rebecca Shelley named as interim Non-Executive Chair and Ken Randall as Senior Independent Director. The board believes Eckert’s experience and leadership will guide Conduit through its next growth phase, aiming to generate shareholder value. The appointment follows a thorough recruitment process, and Eckert’s role is pending Bermuda immigration approval.
The most recent analyst rating on (GB:CRE) stock is a Buy with a £600.00 price target. To see the full list of analyst forecasts on Conduit Holdings Ltd stock, see the GB:CRE Stock Forecast page.
Conduit Holdings Limited has announced that it will release its trading update for the first quarter of 2025 on May 14th. The company will host virtual meetings for analysts, investors, and retail investors to discuss the update, providing opportunities for questions and answers. This announcement is part of Conduit’s efforts to maintain transparency with stakeholders and keep them informed about the company’s financial performance and strategic direction.
Conduit Holdings Limited has appointed Nick Pritchard as the interim chief underwriting officer of Conduit Re, following Gregory Roberts’ departure for personal reasons. Pritchard, who joined Conduit in September 2024, brings over 20 years of experience in the Bermuda and London markets, and his appointment is expected to strengthen Conduit’s underwriting capabilities and strategic direction.
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.
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.
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.
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.
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.
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.
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.
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.