Helios Underwriting plc

HUW

GB00B23XLS45

Reinsurance

Market Closed - London S.E. Other stock markets 11:35:14 2024-05-10 am EDT			5-day change	1st Jan Change
165 ^GBX	-2.08%		0.00%	+8.20%

May. 09	NatWest target raised, other lenders backed	AN
May. 08	UBS raises Centrica to 'buy' from 'neutral	AN

Helios Underwriting mid-point forecast shows stronger market

June 01, 2023 at 02:46 pm EDT

Helios Underwriting PLC - London-based limited liability vehicles investment company - Reports the initial mid-point profit forecast for 2022 of 5.7% compares to 3.9% in 2021, a recognition of stronger market conditions. Says this, compounded by Helios' increased retained capacity results in the recognition of additional after tax underwriting profits to be earned of 20 pence per share in the future.

Current stock price: 175 pence

12-month change: up 6.1%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Helios Underwriting plc

NatWest target raised, other lenders backed	May. 09	AN
UBS raises Centrica to 'buy' from 'neutral	May. 08	AN
Helios Underwriting plc Announces Resignation of Edward Fitzalan-Howard, Duke of Norfolk, as Non-Executive Director	Apr. 22	CI
Helios Underwriting plc Announces Change of Registered Office Address	Mar. 25	CI
Helios Underwriting Names First COO	Mar. 04	MT
Helios Underwriting plc Appoints Adhiraj Maitra as Chief Operating Officer	Mar. 04	CI
UBS cuts Barratt, Berkeley, lifts Taylor Wimpey	Dec. 18	AN
88 Energy expands Texas footprint with acquisitions	Dec. 15	AN
Helios Underwriting expects capacity fund value to rise	Nov. 08	AN
Helios Underwriting announces share buyback, plans to up dividend	23-10-10	AN
Helios Underwriting to Double Annual Base Dividend from FY24, Launch Share Buyback	23-10-10	MT
Helios Underwriting swings to profit and expects portfolio to shine	23-09-28	AN
Helios Underwriting plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-28	CI
Helios Underwriting goes from "strength to strength" in second quarter	23-08-30	AN
Helios Underwriting plc commences an Equity Buyback for 7,731,820 shares, representing 10% of its issued share capital, under the authorization approved on June 29, 2023.	23-08-17	CI
Helios Underwriting Buys Limited Liability Vehicle for GBP3 Million	23-07-25	MT
Helios Underwriting plc acquired Park Farm Underwriting Ltd for £3.2 million.	23-07-24	CI
Helios Underwriting Buys Chorlton Underwriting for GBP2 Million	23-07-14	MT
Helios Underwriting acquires underwriter for GBP2.0 million	23-07-14	AN
Helios Underwriting plc acquired Chorlton Underwriting Limited for Â£2 million.	23-07-13	CI
Helios Announces Directorship Change	23-06-29	CI
Helios Underwriting Deputy Chair sells 200,000 shares	23-06-07	AN
Helios Underwriting mid-point forecast shows stronger market	23-06-01	AN
Helios Underwriting annual loss widens in challenging year	23-05-26	AN
Helios Underwriting plc Reports Earnings Results for the Full Year Ended December 31, 2022	23-05-26	CI

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Company Profile

Helios Underwriting plc is a United Kingdom-based investment company. The Companyâs principal activity is to provide a limited liability investment for its shareholders in the Lloydâs insurance market. The Company and its subsidiaries participate in the Lloydâs insurance market through its participation in a portfolio of Lloydâs syndicates. It operates through three segments: syndicate participation, investment management, and other corporate activities. It participates in the insurance business as an underwriting member at Lloydâs through its subsidiary undertakings. It builds a portfolio of capacity of syndicates at Lloydâs and acquires Limited Liability Vehicles (LLVs). It provides a limited liability direct investment into the Lloyd's insurance market. The Company's portfolio provides a spread of business being concentrated in property and casualty insurance and reinsurance.

Sector

Reinsurance

Calendar

2024-05-23 - Q4 2023 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.65 GBP

Average target price

2.01 GBP

Spread / Average Target

+21.82%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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Other Reinsurance

Helios Underwriting plc

Equities

HUW

GB00B23XLS45

Reinsurance

Helios Underwriting mid-point forecast shows stronger market

Latest news about Helios Underwriting plc

Chart Helios Underwriting plc

Company Profile

Income Statement Evolution

Analysts' Consensus

EPS Revisions

Annual profits - Rate of surprise

Sector Other Reinsurance