CONVEX INSURANCE UK LIMITED

1. CONVEX INSURANCE UK LIMITED 2019-05-08 → present
2. CONVEX GROUP UK LIMITED 2019-01-30 → 2019-05-08

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has assessed its current and forecast capital and liquidity positions, to ascertain the appropriateness of adopting a going concern basis. The Company has significant financial resources and, having reviewed the key performance indicators of the Company as described in the Strategic Report, the Directors have an expectation that the Company has adequate resources to continue in operational existence for a period of at least 12 months from the signing of these financial statements.”

Group structure

1. CONVEX INSURANCE UK LIMITED · parent
   1. Convex Europe S.A. 100% · Luxembourg · non-life insurance company
   2. Convex North America Insurance Services LLC 100% · United States · managing general agent

Significant events

• “In 2024 the Company was exposed to a number of events from both man made and natural perils, including the Baltimore Bridge collapse, Hurricane Milton, and Hurricane Helene.”
• “During 2024 a transition to new outsourcing providers was completed. This enabled Convex to maintain cost efficiency and gain access to a specialised knowledge and technology.”
• “Over 2024, as we entered our 5th year as a business, we focused on how we nurture, retain and engage Convexians and where they can learn and grow. As a result, we launched our Talent & Growth strategy.”
• “The Convex Seascape Survey ("CSS") has had a significant impact this year, with a progress report presented to an esteemed audience at COP 28, Dubai and further elaboration by lead scientist, Professor Callum Roberts, at the Economist World Ocean Summit in Lisbon.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Gross written premiums

  +21.8%

  £2,194,659,748 → £2,673,128,243

• Net earned premiums

  +33.8%

  £682,989,622 → £913,959,970

• Profit before tax

  +26.6%

  £138,106,004 → £174,893,254

• Equity

  +9.8%

  £1,333,842,105 → £1,464,767,976

• Claims incurred

  +99.7%

  £359,338,028 → £717,559,674

• Insurance contract liabilities

  +38.3%

  £2,629,014,085 → £3,635,994,811

• Investment return

  +21.2%

  £84,909,563 → £102,934,766

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers