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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-9.00 | -5.03% | 170.00 | 165.00 | 175.00 | 175.00 | 167.50 | 175.00 | 31,397 | 15:01:21 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Insurance Carriers, Nec | 148.35M | -3.32M | -0.0434 | -39.17 | 130M |
TIDMHUW
RNS Number : 3473Q
Helios Underwriting Plc
29 November 2016
29 November 2016
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 2014 and 2015 years of account based on 3(rd) quarter 2016 results.
Year of Account 2014 2015 2016 GBPm GBPm GBPm Capacity Position as at 28(th) November 2016 Retained 19.5 15.1 9.8 Reinsured 14.9 16.2 22.9 34.4 31.3 32.7 ======= ====== ===== Mid point forecast at 30(th) June 2016 11.31% 7.22% Current Mid point forecast 12.78% 7.55% N/A Lloyds Market Average 9.40% 3.30% Helios outperformance 3.38% 4.25%
Notes
1) There has been no change in the capacity of the Company since the previous announcement of quarterly results on 25(th) August 2016.
2) The mid point forecasts as of 3rd quarter 2016 have been aggregated at syndicate level from estimates supplied by Managing Agents
3) The impact on Helios will be as follows:
a. The increase in the mid point estimates for 2014 Year of Account on the retained capacity will be recognised in the Helios income statement this year.
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
Nigel Hanbury - Chief Executive 07787 530404 / nigel.hanbury@huwplc.com Arthur Manners - Chief Financial Officer 07754 965917 Stockdale Securities 020 7601 6100
Robert Finlay
Richard Johnson
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 GBP33 million of capacity for the 2016 account. The portfolio provides a good spread of classes of business being concentrated in property insurance and reinsurance. For further information, please visit www.huwplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
November 29, 2016 02:00 ET (07:00 GMT)
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