Business
Syndicate Mid Point Forecasts and Estimate of NAV
Syndicate Mid Point Forecasts and Estimate of NAV.
About this update from Helios Underwriting Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9869F\n Helios Underwriting Plc\n 25 March 2022\n \n \n \n 25th March 2022 \n \n \n \n Helios Underwriting plc\n ('Helios' or 'the Company')\n \n Quarterly Syndicate Mid Point Forecasts\n and\n Estimate of Net Asset Value per Share\n \n Helios, the unique investment vehicle which acquires and consolidates private underwriting capacity at Lloyd's, announces the current mid-point forecasts in respect of its portfolio of syndicate capacity for the 2019 and 2020 years of account based on 4th quarter 2021 estimates.\n \n \n Nigel Hanbury, Chief Executive, commented:\n \"As the only listed consolidator of private capital at Lloyd's, Helios offers a unique opportunity for growth and returns from exposure to the Lloyd's market through targeted acquisition of the capacity of the better performing syndicates. Our strategy is yielding superior results, with returns on average 6.1% better than the Lloyd's market itself over recent years. We are thrilled to learn of the market's return to profitability and our curated portfolio should outperform the market as we have done consistently.\n \n \"We have increased the retained capacity to £172m in recognition of market discipline and a harder market. We remain confident that we shall deliver improved results when compared to the market as a whole, and we look forward to creating further shareholder value as the benefits of the larger retained capacity flows to the income statement.\"\n \n \n \n \n \n \n \n \n \n Year of Account\n \n \n \n \n \n \n \n \n \n 2019\n \n \n \n \n 2020\n \n \n \n \n 2021\n \n \n \n \n 2022\n \n \n \n \n \n \n \n \n \n £m\n \n \n \n \n £m\n \n \n \n \n £m\n \n \n \n \n £m\n \n \n \n \n \n \n Capacity - Position as at 25th March 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Retained \n \n \n \n \n 67.4\n \n \n \n \n 66.5\n \n \n \n \n 93.5\n \n \n \n \n 171.9\n \n \n \n \n \n \n Reinsured\n \n \n \n \n 39.0\n \n \n \n \n 49.1\n \n \n \n \n 51.5\n \n \n \n \n 60.8\n \n \n \n \n \n \n \n \n \n 106.4\n \n \n \n \n 115.6\n \n \n \n \n 145.0\n \n \n \n \n 232.7\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Mid-point forecast at 30th September 2021\n \n \n \n 0.65%\n \n \n 0.77%\n \...