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Helios Underwriting
(LSE:HUW)
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Rating:70Outperform
Price Target:
247.00 p
▲(8.57% Upside)
Action:Upgraded
Date:08/24/26
The score is primarily supported by attractive valuation (low P/E and a ~3.1% dividend yield) and constructive technical trend (price above major moving averages with positive MACD). Offsetting these positives, financial performance is less reliable due to pronounced volatility in revenue, assets, and cash generation, including multiple years of negative operating cash flow.
Positive Factors
Improved Profitability
The move from losses in 2021–2022 to positive earnings across 2023–2025 shows meaningful profitability recovery. If underwriting conditions remain supportive, this provides a stronger earnings base than the company had in earlier periods.
Negative Factors
Highly Volatile Revenue
Large revenue swings reduce confidence that recent profits represent a stable earnings run rate. For a business linked to syndicate underwriting, uneven premium and claims outcomes may make forward planning and capital allocation less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability
The move from losses in 2021–2022 to positive earnings across 2023–2025 shows meaningful profitability recovery. If underwriting conditions remain supportive, this provides a stronger earnings base than the company had in earlier periods.
Read all positive factors
Helios Underwriting (HUW) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£159.06M
Dividend Yield3.02%
Average Volume (3M)22.69K
Price to Earnings (P/E)7.9
Beta (1Y)0.51
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees9
SectorFinancial
Sector Strength70
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)0.29
Shares Outstanding69,660,560
10 Day Avg. Volume34,851
30 Day Avg. Volume22,693
Financial Highlights & Ratios
PEG Ratio0.62
Price to Book (P/B)0.81
Price to Sales (P/S)111.83
P/FCF Ratio7.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.4
Revenue Forecast (FY)£38.60M
Helios Underwriting Business Overview & Revenue Model
Company Description
Helios Underwriting plc offers its shareholders a means of limited liability investment within the distinguished Lloyd's insurance market in the United Kingdom. The company's operations are divided into three principal areas: Syndicate Participati...
How the Company Makes Money
HUW makes money primarily from returns linked to underwriting performance at Lloyd’s, earned through its capital participation in Lloyd’s syndicate underwriting. Key drivers typically include: (1) underwriting profit (premiums earned minus claims ...
Helios Underwriting Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
74
Positive
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.31M | 36.00M | 209.36M | 149.39M | 70.58M |
| Gross Profit | 1.31M | 36.00M | 214.75M | 111.65M | 52.64M |
| EBITDA | 27.02M | 26.99M | 24.30M | -4.21M | 868.00K |
| Net Income | 20.55M | 18.57M | 16.37M | -2.10M | -434.00K |
Balance Sheet | |||||
| Total Assets | 249.14M | 243.01M | 756.60M | 490.49M | 341.63M |
| Cash, Cash Equivalents and Short-Term Investments | 28.99M | 28.93M | 40.91M | 25.30M | 24.62M |
| Total Debt | 54.34M | 58.46M | 59.05M | 15.00M | 0.00 |
| Total Liabilities | 68.86M | 69.89M | 616.50M | 373.31M | 233.88M |
| Stockholders Equity | 180.28M | 173.12M | 140.10M | 117.18M | 107.75M |
Cash Flow | |||||
| Free Cash Flow | 18.32M | -3.68M | 2.70M | -25.66M | -20.01M |
| Operating Cash Flow | 19.51M | -3.68M | 3.20M | -24.96M | -17.02M |
| Investing Cash Flow | -1.20M | -1.52M | 1.06M | -107.00K | -14.43M |
| Financing Cash Flow | -18.26M | -7.98M | 37.25M | 25.75M | 47.58M |
Helios Underwriting Technical Analysis
Positive
227.50
Price Trends
223.71
Positive
215.97
Positive
206.94
Positive
Market Momentum
2.03
Negative
92.47
Negative
81.11
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:HUW, the sentiment is Positive. The current price of 227.5 is above the 20-day moving average (MA) of 226.55, above the 50-day MA of 223.71, and above the 200-day MA of 206.94, indicating a bullish trend. The MACD of 2.03 indicates Negative momentum. The RSI at 92.47 is Negative, neither overbought nor oversold. The STOCH value of 81.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:HUW.
Helios Underwriting Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | £7.77B | 15.61 | 13.86% | 1.92% | -3.16% | -29.27% | |
77 Outperform | £410.93M | 11.23 | 14.67% | 8.34% | -10.22% | -5.62% | |
75 Outperform | £1.51B | 6.56 | 21.73% | 17.85% | -1.60% | 36.00% | |
74 Outperform | £11.60B | 16.90 | 45.59% | 4.24% | 0.12% | -15.35% | |
70 Outperform | £159.06M | 7.95 | 11.72% | 3.02% | ― | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £5.93B | 12.99 | 16.17% | 2.09% | 4.50% | 7.58% |
* Financial Sector Average
GB:HUW
Helios Underwriting
232.00
37.17
19.08%
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GB:BEZ
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620.50
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18.81%
GB:HSX
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1,873.00
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GB:SBRE
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Helios Underwriting Corporate Events
Stock BuybackRegulatory Filings and Compliance
Helios Underwriting Adds to Treasury Stock in Ongoing Buyback
Neutral
Aug 24, 2026
Helios Underwriting Plc has continued its share buyback programme, purchasing 23,500 ordinary shares between 17 and 21 August 2026 at a volume-weighted average price of 224.37 pence through Peel Hunt. The shares will be placed into treasury, leavi...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Helios Underwriting Lifts Capacity of Share Buyback Programme to £2.5m
Positive
Aug 21, 2026
Helios Underwriting Plc has increased the maximum aggregate consideration for its ongoing share buyback programme from £2.0 million to £2.5 million, reinforcing its capital management strategy and potential support for the share price. T...
Stock BuybackRegulatory Filings and Compliance
Helios Underwriting boosts treasury stock with latest share buyback
Positive
Aug 17, 2026
Helios Underwriting has continued its share buyback programme, repurchasing 4,440 ordinary shares between 10 and 14 August 2026 at a price of 222.20 pence per share, with all acquired stock to be held in treasury. Following this transaction, the c...
Stock BuybackRegulatory Filings and Compliance
Helios Underwriting Adds to Treasury Stock in Latest Share Buyback
Positive
Aug 10, 2026
Helios Underwriting has repurchased 51,510 ordinary shares at prices between 222p and 223p under its ongoing buyback programme, executing the trades via Peel Hunt on AIM. The company intends to hold these shares in treasury, reinforcing capital ma...
Financial DisclosuresRegulatory Filings and Compliance
Helios updates share capital and voting rights at Lloyd’s-focused investment platform
Neutral
Aug 3, 2026
Helios Underwriting plc, the only publicly traded vehicle offering instant access to a diversified portfolio of Lloyd’s of London syndicates, operates as a limited liability investment platform quoted on AIM and primarily targets US and inte...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Helios Underwriting boosts treasury stock with latest share buyback
Positive
Aug 3, 2026
Helios Underwriting has repurchased 97,648 of its own ordinary shares on AIM between 27 and 31 July 2026, at prices ranging from 222p to 223p and a volume-weighted average price of 222.77p. The company plans to hold these shares in treasury, leavi...
Business Operations and StrategyStock Buyback
Helios Underwriting Expands Treasury Stock with Latest Share Buyback
Positive
Aug 3, 2026
Helios Underwriting has continued its share buyback programme, repurchasing 97,648 ordinary shares between 27 and 31 July at prices between 222p and 223p, with a volume-weighted average price of 222.77p. The company plans to hold these shares in t...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Helios Underwriting Adds to Treasury Stock in Ongoing Share Buyback
Positive
Jul 27, 2026
Helios Underwriting has continued its previously announced share buyback programme, acquiring 128,490 ordinary shares between 20 and 24 July 2026 on AIM at a volume-weighted average price of 223.24 pence. The shares, bought via Peel Hunt within a ...
Business Operations and StrategyStock Buyback
Helios Underwriting Boosts Treasury Stock with Latest Share Buyback
Positive
Jul 20, 2026
Helios Underwriting Plc has continued executing its share buyback programme, purchasing 86,269 ordinary shares between 13 and 17 July 2026 at prices ranging from 221p to 225p, with a volume-weighted average price of 222.79p. The shares, acquired v...
Business Operations and StrategyDividendsPrivate Placements and Financing
Helios Underwriting boosts deputy chairman’s stake via scrip dividend issue
Positive
Jul 16, 2026
Helios Underwriting has disclosed that Non-Executive Deputy Chairman Nigel Hanbury and his closely associated persons have been issued a total of 351,594 new ordinary shares under the company’s scrip dividend scheme at 214.1p per share. Foll...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Helios Underwriting Eases Constraints on £2m Share Buyback Amid Low Liquidity
Neutral
Jul 13, 2026
Helios Underwriting has amended the terms of its £2m share buyback programme in response to the illiquidity of its ordinary shares, easing MAR volume constraints that had slowed purchases. Peel Hunt will continue to manage the buyback on a di...
Business Operations and StrategyStock Buyback
Helios Underwriting Adds to Treasury Stock in Ongoing Share Buyback
Positive
Jul 13, 2026
Helios Underwriting Plc has continued its share buyback programme, repurchasing 15,577 ordinary shares between 6 July and 10 July 2026 on AIM at prices ranging from 218.50p to 219.00p, with a volume-weighted average price of 218.76p. The company i...
Business Operations and StrategyDividendsPrivate Placements and Financing
Helios Underwriting Boosts Capital With Scrip Dividend Share Issue
Positive
Jul 10, 2026
Helios Underwriting plc has issued 823,838 new ordinary shares of 10p each under its scrip dividend alternative, in lieu of cash, for the final dividend relating to the year ended 31 December 2025. The issuance reflects shareholder elections to ta...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Helios Underwriting Adds to Treasury Holdings in Ongoing Share Buyback
Positive
Jul 6, 2026
Helios Underwriting has continued its share buyback programme, repurchasing 36,086 ordinary shares between 29 June and 3 July 2026 at prices between 211.50p and 212.70p, with a volume-weighted average price of 211.94p. The shares will be held in t...
Business Operations and StrategyDividendsShareholder Meetings
Helios Underwriting Announces Scrip Dividend Uptake and New Share Issue
Neutral
Jul 3, 2026
Helios Underwriting plc has reported the results of its scrip dividend election for the final dividend relating to the year ended 31 December 2025. Shareholders representing 17,638,377 ordinary shares, or 25.45% of the shares in issue excluding tr...
Business Operations and StrategyRegulatory Filings and Compliance
Helios Updates Share Capital and Voting Rights Ahead of Disclosure Checks
Neutral
Jul 1, 2026
Helios Underwriting plc has reported that, as of 30 June 2026, its issued share capital comprises 75,216,173 ordinary shares of £0.10 each, of which 5,911,833 are held in treasury. This leaves 69,304,340 voting rights in issue, a key figure f...
Stock BuybackRegulatory Filings and Compliance
Helios Underwriting boosts treasury stock with latest share buyback
Positive
Jun 29, 2026
Helios Underwriting has continued its share buyback activity, repurchasing 10,599 ordinary shares between 20 June and 26 June 2026 at prices ranging from 207.00p to 212.70p, with a volume-weighted average price of 211.09p, via Peel Hunt. The compa...
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
Helios Underwriting Wins Strong Shareholder Backing at AGM
Positive
Jun 22, 2026
Helios Underwriting plc reported that all resolutions at its Annual General Meeting on 22 June 2026 were passed, including the adoption of 2025 accounts, approval of the directors’ remuneration report and policy, and the confirmation of both...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Helios Underwriting Adds to Buyback, Boosts Treasury Share Pool
Positive
Jun 22, 2026
Helios Underwriting has continued its share buyback programme, repurchasing 17,926 ordinary shares between 13 and 19 June at prices ranging from 211.00p to 213.50p, with a volume-weighted average of 212.16p. The shares will be held in Treasury, le...
Business Operations and StrategyStock Buyback
Helios Underwriting Adds to Buyback, Boosting Treasury Stock Position
Positive
Jun 15, 2026
Helios Underwriting has repurchased 19,552 of its 10p ordinary shares on AIM between 8 and 12 June 2026, at prices between 213p and 214p, as part of its ongoing share buyback programme. The company plans to hold these shares in treasury, leaving 7...
DividendsShareholder Meetings
Helios Sets Scrip Dividend Reference Price Ahead of AGM Approval
Neutral
Jun 12, 2026
Helios Underwriting plc has set a scrip dividend reference price of 214.1p per share for shareholders electing to take new fully paid ordinary shares instead of cash for its total dividend of 7.0p per share and special dividend of 3.0p per share f...
Business Operations and StrategyStock Buyback
Helios boosts treasury stock with latest Lloyd’s-focused share buyback
Positive
Jun 8, 2026
Helios Underwriting Plc, the only publicly traded company offering instant access to a diverse portfolio of Lloyd’s of London syndicates, operates as a limited liability investor in the Lloyd’s insurance market, providing shareholders ...
Executive/Board Changes
Helios Underwriting Grants Performance-Linked LTIP Award to Chief Underwriting Officer
Positive
Jun 5, 2026
Helios Underwriting has granted Chief Underwriting Officer Jen Tan a nil-cost option over 32,032 ordinary shares under its Long Term Incentive Plan, with normal vesting scheduled for 4 June 2029 subject to her continued employment. The award is ti...
Business Operations and StrategyExecutive/Board Changes
Helios Underwriting Grants Performance-Linked LTIP Awards to Senior Executives
Positive
Jun 5, 2026
Helios Underwriting has granted long-term incentive plan (LTIP) awards in the form of nil-cost options over ordinary shares to three senior executives, including CEO Louis Tucker, with a normal vesting date of 4 June 2029. The awards are subject t...
Stock BuybackRegulatory Filings and Compliance
Helios Underwriting Adds to Treasury Stock with Targeted Share Buyback
Positive
Jun 1, 2026
Helios Underwriting has continued its share buyback activity, acquiring 20,771 ordinary shares between 26 and 29 May at prices ranging from 215p to 217.3p, with a volume-weighted average price of 216.36p. The shares will be held in treasury, leavi...
Regulatory Filings and Compliance
Helios Underwriting Updates Share Capital and Voting Rights
Neutral
Jun 1, 2026
Helios Underwriting has confirmed that its issued share capital stands at 75,216,173 ordinary shares, of which 5,823,250 are held in treasury, leaving 69,392,923 voting rights in the market. The clarified voting rights figure provides shareholders...
DividendsFinancial DisclosuresShareholder Meetings
Helios Underwriting Posts 2025 Report and Sets Dividend Timetable
Positive
May 27, 2026
Helios Underwriting has published its Annual Report and Accounts for the year ended 31 December 2025 and circulated the Notice of its 2026 AGM, together with documents for its scrip dividend scheme, to shareholders, with electronic copies availabl...
Business Operations and StrategyStock Buyback
Helios Underwriting Adds to Treasury Stock with Latest Share Buyback
Positive
May 26, 2026
Helios Underwriting has repurchased 10,619 of its own ordinary shares on the AIM market between 18 and 22 May 2026 as part of its ongoing share buyback programme. The purchases, executed through Peel Hunt at a volume-weighted average price of 212....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.