Business
Final results for the year ended 31 December 2019
Final results for the year ended 31 December 2019.
About this update from Helios Underwriting Plc
[{"type":"text","content":"\n \n \n RNS Number : 2795O\n Helios Underwriting Plc\n 29 May 2020\n \n \n \n \n Helios Underwriting plc\n \n \n \n \n \n (\"Helios\" or the \"Company\")\n \n \n \n \n \n Final results for the year ended 31 December 2019\n \n \n \n \n \n Highlights\n \n \n · 31% increase in the capacity portfolio from the four acquisitions in the year and a further acquisition in year 2020 to date\n \n · Profit before impairments and tax for the year of £2,427,000 (2018: £608,000)\n \n · Basic earnings per share of 25.64p (2018: 3.14p)\n \n · Helios retained capacity for 2020 open underwriting year of £20.7m (2019 year of account: £15.8m)\n \n · Adjusted net asset value of £2.06 per share (2018: £1.90 per share)\n \n · Stop loss in 2020 continues to protect the downside and provides underwriting capital support\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Year ended\n \n \n 31 December\n \n \n 2019\n \n \n \n \n \n \n Year ended\n \n \n 31 December\n \n \n 2018\n \n \n \n \n \n \n Year ended\n \n \n 31 December\n \n \n 2017\n \n \n \n \n \n \n \n Profit/(loss) before impairments and tax (£'000)\n \n \n \n \n 2,427\n \n \n \n 608\n \n \n (406)\n \n \n \n \n \n Adjusted net asset value per share - basic (£)\n \n \n \n \n 2.06\n \n \n \n 1.90\n \n \n 1.60\n \n \n \n \n \n Value of capacity fund (WAV) (£'m)\n \n \n \n \n 26.4\n \n \n \n 20.7\n \n \n 13.0\n \n \n \n \n \n \n Growth in capacity (£m)\n \n \n \n \n \n \n 69.1\n \n \n \n \n \n 52.6\n \n \n \n \n 41.0\n \n \n \n \n \n \n \n This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. \n \n \n \n \n \n For further information please contact:\n \n \n \n \n \n Helios Underwriting plc\n \n \n Nigel Hanbury - Chief Executive 07787 530404 / \n \n \n [email protected]\n \n \n \n \n Arthur Manners - Chief Financial Officer 07754 965 917\n \n \n \n \n \n Shore Capital\n \n \n Robert Finlay/David Coaten 020 7408 4090\n \n \n \n \n \n About Helios\n \n \n \n \n \n Helios provides a limited liability direct investment into the Lloyd's ...