REG - Convex Group Ltd - 1st Quarter Results

Lloyds BankingAnnouncement

15/05/2026 13:15

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RNS Number : 5678E  Convex Group Ltd  15 May 2026

Q1 2026 financial results

 

HAMILTON, BERMUDA, 15 May 2026

Convex Group Limited ("Convex"), the international specialty insurer and
reinsurer, today announces its financial results for the first quarter of
2026. These figures were included in the results announcement made by Onex
Corporation (TSX:Onex) today and can be viewed here:
https://www.onex.com/news-releases.

 

 Key highlights               Q1 2026 (million)  Q1 2025 (million)  Change
 Gross premium written        $2,166             $2,060             $106
 Net written premium          $1,314             $1,446             ($132)
 Net premium earned           $914               $916               ($2)
 Underwriting result          $121               ($117)**           $238
 Net income to common equity  $106*              ($8)               $115
 Combined ratio               86.8%              112.8%             (26.0%)

*excluding one off transaction costs of $41m related to the Onex and AIG
acquisition

** mainly due to losses incurred by California wildfires

 

Further information can be found on the Onex Website within their quarterly
supplementary materials - https://www.onex.com/financial-reporting.

ENDS -

About Convex

Convex Group is an international specialty insurer and reinsurer focused on
complex specialty risks across a diverse range of business lines. The company
brings together best in class talent, a diversity of thought and the freedom
and independence of a strong balance sheet to create a fresh approach to
business.
The Group's ambition is to offer something different to its clients and to
engage with them in a true partnership based on fairness, dignity and respect.
Convex was founded by Stephen Catlin and Paul Brand and operates in London,
including in Lloyd's, Bermuda, Luxembourg and New Jersey. The company has an
"A" (Excellent) A.M. Best rating and an "A" with stable outlook S&P
rating.

www.convexin.com (http://www.convexin.com)

For media inquiries, please contact:

Haggie Partners: David Haggie, Olivia Thomson, Melissa Phillipson, Camilla
De'Arth

convex@haggiepartners.com (mailto:convex@haggiepartners.com)

+44 (0) 20 7562 4444

 

 

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