Onex: Convex underwriting improves as third-quarter net earnings reach $97 million
Onex reported $97 million in third-quarter net earnings, with Convex premiums up and its 12-month combined ratio improving to 87.0%, according to TradingView.
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what happened
According to TradingView, Onex posted net earnings of $97 million in the third quarter. Premiums at its Convex insurance unit grew, and the 12-month combined ratio improved to 87.0%.
The company also pointed to fundraising, CLO activity, secondary sales and share repurchases as key moves in its capital and platform activity.
why it matters
A combined ratio below 100% means an insurer earns more from underwriting than it pays out in claims and expenses, so a lower figure signals stronger underwriting profitability. Investors also watch share buybacks and cash returned to shareholders alongside such metrics.
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sources
- ONEX: Convex underwriting improved as platforms raised capital and returned cash to shareholders — TradingView, 13 November 2026 at 12:06 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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