We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Helios Underwriting Plc | LSE:HUW | London | Ordinary Share | GB00B23XLS45 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
12.50 | 8.06% | 167.50 | 165.00 | 170.00 | 167.50 | 155.00 | 155.00 | 17,928 | 15:26:08 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Insurance Carriers, Nec | 148.35M | -3.32M | -0.0434 | -38.59 | 128.09M |
TIDMHUW
RNS Number : 2239Y
Helios Underwriting Plc
20 August 2018
Helios Underwriting plc
("Helios" or the "Company")
Quarterly Syndicate Mid-point Forecasts
Helios announces the current mid-point forecasts in respect of its portfolio of syndicate capacity for the 2016 and 2017 years of account based on 2(nd) quarter 2018 results.
Year of Account 2016 2017 2018 GBPm GBPm GBPm Capacity - Position as at 20(th) August 2018 Retained 17.8 11.6 12.3 Reinsured 20.0 25.4 28.7 ---------------- -------- ----- 37.8 37.0 41.0 ================ ======== ===== Mid-point forecast at 31(st) March 2018 4.22% (8.39)% Current mid-point forecast 5.35% (7.40)% Lloyd's Market Average (3.86)% (9.30)% Helios out performance 9.21% 1.90%
Notes
1) The table shows the capacity as at 1(st) Jan 2018, with no acquisitions subsequently, splitting the capacity retained by Helios and the capacity that is ceded to quota share reinsurers.
2) The mid point forecasts for 2016 and 2017 years of account as of 2nd quarter 2018 have been aggregated at syndicate level from estimates supplied by Managing Agents.
3) The impact on Helios will be as follows:
a. The change in the mid point estimates on the retained capacity over the year will be recognised in the Helios income statement in the year to 31(st) December 2018.
b. The overall improvement in the result will be received by Helios in cash when the profits are distributed after the close of the year of account.
For further information please contact:
Helios Underwriting plc
Nigel Hanbury - Chief Executive 020 7863 6655 / nigel.hanbury@huwplc.com
Arthur Manners - Chief Financial Officer 07754 965 917
Stockdale Securities Limited
Robert Finlay 020 7601 6100
David Coaten
About Helios
Helios provides a limited liability direct investment into the Lloyd's insurance market and is quoted on the London Stock Exchange's AIM market (ticker: HUW). Helios trades within the Lloyd's insurance market writing approximately GBP41m of capacity for the 2018 account. The portfolio provides a good spread of business being concentrated in property insurance and reinsurance. For further information please visit www.huwplc.com.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCGGUBWRUPRGBB
(END) Dow Jones Newswires
August 20, 2018 02:00 ET (06:00 GMT)
1 Year Helios Underwriting Chart |
1 Month Helios Underwriting Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions