Helios Underwriting Reports Strong 2024 Financial Performance and Strategic Focus

An update from Helios Underwriting ( (GB:HUW) ) is now available.

Helios Underwriting plc reported strong financial results for the year ending December 31, 2024, with an 11% increase in net asset value and a recommended dividend of 10 pence per share. The company has transitioned to reporting as an investment entity under IFRS 10, reflecting its business activities more accurately. Despite a decrease in profit before tax due to increased costs, Helios has strategically reduced leverage and focused on established syndicates to enhance shareholder returns. The company anticipates continued profitability and capital returns to shareholders, supported by favorable underwriting conditions and disciplined capital allocation.

More about Helios Underwriting

Helios Underwriting plc is a publicly traded company that provides limited liability direct investment into the Lloyd’s insurance market. Quoted on the London Stock Exchange’s AIM market, Helios offers a diverse portfolio of syndicates, primarily participating in the US and other international wholesale and reinsurance markets.

Average Trading Volume: 29,373

Technical Sentiment Signal: Strong Buy

Current Market Cap: £175.5M

For a thorough assessment of HUW stock, go to TipRanks’ Stock Analysis page.