On 28 July 2026 Conduit's Board of Directors declared an interim dividend of $0.18 (approximately 13 pence) per Common Share, resulting in an aggregate payment of $28.0 million. The dividend will be paid in pounds sterling on 10 September 2026 to shareholders of record on 14 August 2026 (the Record Date) using the GBP:USD spot exchange rate at 12pm UK time on the Record Date.
Other financial highlights include:
• Proactively managing they underwriting as the cycle develops; they have continued to generate strong growth in Casualty where pricing remains relatively stable, while they have reduced in areas of Property and Specialty where rates did not meet their hurdles.
• Market conditions have softened but pricing remains broadly adequate; overall portfolio risk-adjusted rate change of (6)% for the six months ended 30 June 2026, net of claims inflation, reflects stable conditions in Casualty, balanced with softening prices in Property and Specialty.
• Comprehensive retrocession programme in place for 2026, with a focus on reduced net exposure to peak and secondary perils; we have purchased increased limit in our core programme, as well as aggregate coverage, driving a reduction in their modelled net probable maximum loss (PML) exposure for North Atlantic windstorms at 1 July 2026.
• Our undiscounted combined ratio was 92.6% for the six months ended 30 June 2026 and improved significantly compared with 122.1% in the prior year period primarily due to a more benign natural catastrophe environment; losses related to the Middle East conflict events were not material individually or in the aggregate.
• Net investment result of $25.3 million for the six months ended 30 June 2026 for a return of 0.9%, as 20.4% growth in net investment income was offset to a large degree by unrealised losses on investments due to rising treasury yields.
• Comprehensive income of $80.3 million, representing a 7.8% return on equity for the first six months of the year.
• Share repurchases under the authorised buyback programmes totalled $38.9 million or 6.8 million shares during the six months ended 30 June 2026.
