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Helios Underwriting ( (GB:HUW) ) has provided an update.
Helios Underwriting PLC has announced its preliminary financial results for 2024, highlighting a significant 11% increase in net asset value (NAV) and a recommended dividend of 10 pence per share. The company has transitioned to reporting as an investment entity under IFRS, which has impacted the financial statements by incorporating capacity revaluations and pipeline profits. Despite a decrease in profit before tax due to increased costs, Helios continues to focus on disciplined capital allocation and expects strong shareholder returns in the coming years, supported by favorable underwriting conditions and strategic portfolio improvements.
More about Helios Underwriting
Helios Underwriting PLC is the only publicly traded company providing immediate access to a diverse portfolio of syndicates at Lloyd’s of London, the world’s largest insurance market. The company focuses on offering investment opportunities in the insurance sector through its unique positioning as an investment entity under IFRS.
Average Trading Volume: 27,977
Technical Sentiment Signal: Strong Buy
Current Market Cap: £159.8M
Learn more about HUW stock on TipRanks’ Stock Analysis page.
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