27th May 2022 14:55
Helios Underwriting PLC - London-based limited liability vehicles investment company - Swings to a loss of GBP434,000 in 2021 from a profit of GBP301,000 the previous year. Revenue surges to GBP71.8 million from GBP53.8 million, while net premiums written jumps to GBP79.1 million from GBP50.6 million. Underwriting profit soars to GBP3.4 million from GBP639,000. Proposes a final dividend of 3 pence per share. The company did not pay a dividend in 2020.
Chief Executive Nigel Hanbury says: "Our capacity portfolio has increased 111%, from GBP110 million to GBP233 million, and retained capacity increases at the outset of the underwriting year from GBP59 million to GBP172 million, an increase of 193%."
Current stock price: 166.00 pence, down 4.1% in London
12-month change: up 3.8%
By Heather Rydings; [email protected]
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