Conduit Capital, an investment holding company with stakes in insurance and investment businesses, said a turnaround in its performance was “pleasing” and had continued into its new financial year.

The Johannesburg-based company brought in a new management team at its insurance business, Constantia Insurance Group (CIG), in February 2020. CIG has since delivered 10 consecutive months of underwriting profits and a combined ratio of 99.8% in the six months to December 31, down from 111.3% in the prior comparable period, according to a Thursday trading update. A combined ratio is a profitability measure used by insurance companies and is calculated by dividing total incurred losses and expenses by total earned premiums...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now