Helios Underwriting (GB:HUW) has released an update.
Helios Underwriting has reported a substantial increase in profitability for the year ended December 2023, with profits before tax reaching £22.7m, a notable turnaround from the previous year’s loss of £3.9m. Gross premiums written are up by 26% to £308m, and the company’s capacity portfolio at Lloyd’s surged by 63% to £507m, signaling strong market conditions and underwriting discipline. Additionally, shareholders can anticipate a dividend and total return of capital of 19p per share, up significantly from the 3p in the prior year.
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