Convex Group financial results Q1 2026
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Key highlights
- Gross written premium $5,879 million
- Net written premium $4,075 million
- Net income $711 million
- Tangible book value $3,834 million
- Combined ratio 89.0%
- Long term independent future secured following investment by Onex and AIG
- Adjusted return on tangible common equity was 20%
- GWP has resulted in a three-year compound annual growth rate of 25%
- Net loss ratio was 54%, reflecting strong underwriting performance
- Net operating expense ratio improved 140 bps year-on-year to 13.1%
