CONDUIT HOLDINGS LIMITED - Interim financial results for the six months ended 30 June 2026

Conduit Holdings reported a strong investor update for the first half of 2026, delivering comprehensive income of $80.3 million, return on equity of 7.8%, and tangible net assets per share growth of 23.2% over the past year. The company improved underwriting performance with a combined ratio of 92.6%, supported by a benign catastrophe environment, disciplined portfolio management, and higher investment income driven by a growing $2.3 billion asset base. Gross premiums written declined slightly to $789 million as management prioritized margins over volume, expanding casualty while reducing exposure to less attractive property and specialty business. Conduit strengthened its growth strategy through enhanced retrocession protection, capital discipline, and targeted investment in talent while returning approximately $68 million to shareholders through dividends and share repurchases. Management expects competitive market conditions and pricing pressure to continue but remains focused on sustainable revenue, underwriting quality, balance sheet strength, and long term shareholder value through selective capital deployment and disciplined risk management.