Annual Report and Accounts

Executive Chairman’s statement

Executive Chairman’s statement

“Reflecting on everything we have achieved through the end of our fourth full year in business, I am particularly pleased to present Conduit’s 2024 results.”

Neil Eckert

CEO Statement

The CEO’s report

“Conduit continued to make meaningful progress during 2024. Our core underwriting strategy remained unchanged and enabled us to grow our portfolio meaningfully with gross premiums written increasing by 24.8% and net reinsurance revenue by 29.4%.”

Trevor Carvey

Conduit Holdings Business Model 2024
45851 Conduit Annual Support Business Model Image 435X250 HM

Business model

Our business model is designed around our strategy, and is fundamental to delivering long-term value to our stakeholders.

Conduit Holdings Business Model 2024
Conduit Holdings Key Performance Indicators 2024
45851 Conduit Annual Support Kpi Graph 435X250 Cm

Key performance indicators

Conduit's focus remains on building and maintaining a balanced and diversified portfolio, in furtherance of our core underwriting philosophy.

Conduit Holdings Key Performance Indicators 2024
Conduit Holdings CUO's Report 2024
CUO Report 605X320

CUO's report

“Our underwriting team continues to work closely with actuarial and risk colleagues to identify and select the best risks for our portfolio across each of our divisions.”
Greg Roberts, Chief Underwriting Officer

Conduit Holdings CUO's Report 2024
Conduit Holdings CFO's Report and Business Review Finance 2024
45851 Conduit Annual Support CFO Image 605X320 HM

CFO’s report

''Despite the activity in 2024, as we are now in our fourth year of underwriting, we have a much greater ability to absorb loss events, whether those are driven by frequency or severity."
Elaine Whelan, Chief Finance Officer

Conduit Holdings CFO's Report and Business Review Finance 2024
Conduit Holdings Enterprise Risk Management Report 2024
ERM Report 605X320

Enterprise risk management report

“Our risk profile reflects our freedom from legacy constraints and organisational complexity. As we transition from the start-up phase, at this time of enhanced opportunity, we have established a business that is ready to grow.”
Andrew Smith, Chief Risk and Sustainability Officer

Conduit Holdings Enterprise Risk Management Report 2024
Cover Mock Up 520X705