26th Aug 2025 10:43
(Alliance News) - Helios Underwriting PLC on Tuesday hailed "continuing strong financial performance" as it announced a fall in total capacity, but emphasised that "the best years of this insurance cycle remain ahead of us".
The London-based investment vehicle that provides participation in the Lloyd's of London insurance market said as at Friday, total capacity was down 5.4% to GBP490.9 million from GBP518.7 million a year ago.
Retained capacity was 20% lower at GBP322.6 million from GBP403.5 million, however Reinsured capacity was up 37% at GBP158.3 million compared to GBP115.2 million.
The company added that the current 2024 mid-point forecast has increased to 8.0% as of June 30, 2025, from 7.6% at March 31. The current 2024 mid-point forecast was upgraded over the same period to 15.6% from 15.2%.
Looking ahead, Interim Executive Chair John Chambers said: "We believe that the best years of this insurance cycle remain ahead of us from a returns perspective. Our portfolio management team has worked to increase the quality of Helios' syndicate portfolio, which will show through in future years. Meanwhile, the Lloyd's three-year accounting structure provides the company with good visibility for the next two years, where we expect to see a similar level of capital returned to shareholders."
Helios shares were down 2.0% at 210.67 pence each on Tuesday morning in London.
By Tom Budszus, Alliance News slot editor
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Helios Underw