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On 13 November 2026, Convex Group Limited announced its financial results for the third quarter of 2026, which were also included in the results published by Onex Corporation. For Q3 2026, the company reported gross written premiums of $1,396 million (up from $1,167 million in Q3 2025) and net earned premiums of $980 million. Net income to common equity for the quarter was $132 million compared to $238 million in Q3 2025, with a combined ratio of 92.7% compared to 79.3% in the prior year period.
| Date | 13 Nov 2026 |
| Time | 12:13:21 |
| Category | Trading updates |
| ID | 1401D |
Q3 2026 financial results
HAMILTON, BERMUDA, 13 November 2026
Convex Group Limited (“Convex”), the international specialty insurer and reinsurer, today announces its financial results for the third quarter of 2026. These figures were included in the results announcement made by Onex Corporation (TSX:ONEX) today and can be viewed here.
|
Key highlights (millions) |
Q3 2026 |
Q3 2025 |
Change |
|
LTM* Q3 2026 |
LTM* Q3 2025 |
Change |
|
Gross premium written |
$1,396 |
$1,167 |
$229 |
|
$6,357 |
$5,882 |
$475 |
|
Net written premium |
$920 |
$813 |
$107 |
|
$4,106 |
$4,068 |
$38 |
|
Net premium earned |
$980 |
$905 |
$75 |
|
$3,804 |
$3,560 |
$244 |
|
Net income to common equity |
$132 |
$238 |
$(106) |
|
$613** |
$566 |
$47 |
|
Combined Ratio |
92.7% |
79.3% |
13.4% |
|
87.0% |
89.9% |
(2.9)% |
*Last Twelve Months – 30 September 2026 to 30 September 2025
**Net Income excluding one off transaction costs of $41m related to the Onex and AIG acquisition
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.
For media inquiries, please contact:
Haggie Partners: David Haggie, Olivia Thomson, Melissa Phillipson, Camilla De‘Arth
+44 (0) 20 7562 4444