Helios Underwriting Shifts to IFRS 10 for Enhanced Investment Appeal

The latest announcement is out from Helios Underwriting ( (GB:HUW) ).

Helios Underwriting plc has announced a change in its accounting framework, transitioning from UK GAAP to IFRS 10 to report as an investment entity. This change aims to better reflect the company’s business activities and attract international investors. The transition involves retrospective application for the financial year ended 31st December 2024, with the company’s net assets expected to see an uplift due to fair value adjustments. The change will not affect the company’s underwriting operations at Lloyd’s or its legal structure, and ordinary shares will remain eligible for Business Relief for Inheritance Tax.

More about Helios Underwriting

Helios Underwriting plc is a company that provides a limited liability direct investment into the Lloyd’s insurance market and is listed on the London Stock Exchange’s AIM market. The company operates within the Lloyd’s insurance market, writing approximately £491 million of capacity for the 2025 account, with a focus on property and casualty insurance and reinsurance.

Average Trading Volume: 26,538

Technical Sentiment Signal: Strong Buy

Current Market Cap: £158.4M

For detailed information about HUW stock, go to TipRanks’ Stock Analysis page.