Helios Underwriting Plc Syndicate Forecasts (5910H)
March 17 2015 - 3:00AM
UK Regulatory
TIDMHUW
RNS Number : 5910H
Helios Underwriting Plc
17 March 2015
17 March 2015
Helios Underwriting plc
("HUW" or the "Company")
Syndicate Forecasts
Set out below are the aggregated 2012 underwriting year of
account (YOA) result and updated 2013 YOA forecast of syndicate
profits for HUW's portfolio of syndicate participations:
2012 closed year of account and 2013 open year of account
forecast
YOA HUW syndicate Previous forecast Current forecast
capacity of syndicate profit of syndicate profit*
(GBP000) 30 September 2014 31 December 2014
------ -------------- ----------------------------- -----------------------------
Mid Mid Range Mid Mid Range
point point (%) point point (%)
(GBP000) (%) (GBP000) (%)
------ -------------- ---------- ------ --------- ---------- ------ ---------
7.77
2012 23,722 2,538 10.70 - 13.63 3,122 13.16 NA
------ -------------- ---------- ------ --------- ---------- ------ ---------
4.16 4.65
2013 23,923 1,938 8.10 - 12.04 2,047 8.56 - 12.46
------ -------------- ---------- ------ --------- ---------- ------ ---------
Source: Syndicate data; Hampden Agencies Limited and HUW
analysis
* For 2012 this is the YOA result
Explanatory notes:
The table above shows the gross aggregated estimated profits at
syndicate level (before members' agent fees payable by HUW and its
subsidiaries) for the syndicates in which the Company participates
on a three year underwriting year of account (YOA) basis. The
figures are also before HUW's quota share and stop loss reinsurance
arrangements. The forecast YOA syndicate profit for HUW is obtained
by applying the mid-point of the relevant estimated profit range to
each of HUW's syndicate participations. The information presented
above is prepared on a three year YOA basis and should not be
considered as indicative of the Group's annually accounted expected
financial results to be prepared in accordance with International
Financial Reporting Standards. Further details, including quarterly
progression for all years and syndicate results for closed years,
will shortly be available on HUW's website at www.huwplc.com.
HUW syndicate participation
HUW's syndicate participations, on which YOA information is
based, is presented below and is also available on the Company's
website:
2012 2013 2014 2015
---------- ----------------- ----------------- ----------------- -----------------
Syndicate GBP'000 %* GBP'000 %* GBP'000 %* GBP'000 %*
---------- -------- ------- -------- ------- -------- ------- -------- -------
33 1,859 7.8% 1,860 7.8% 2,001 7.8% 2,001 8.7%
---------- -------- ------- -------- ------- -------- ------- -------- -------
218 1,239 5.2% 1,286 5.4% 1,286 5.0% 1,028 4.5%
---------- -------- ------- -------- ------- -------- ------- -------- -------
308 73 0.3% 70 0.3% 85 0.3% - -
---------- -------- ------- -------- ------- -------- ------- -------- -------
386 701 3.0% 701 2.9% 701 2.7% 598 2.6%
---------- -------- ------- -------- ------- -------- ------- -------- -------
510 4,009 16.9% 3,993 16.7% 3,943 15.4% 3,943 17.1%
---------- -------- ------- -------- ------- -------- ------- -------- -------
557 1,002 4.2% 529 2.2% 499 2.0% 499 2.2%
---------- -------- ------- -------- ------- -------- ------- -------- -------
609 2,373 10.0% 2,329 9.7% 2,335 9.1% 2,338 10.2%
---------- -------- ------- -------- ------- -------- ------- -------- -------
623 2,353 9.9% 2,561 10.7% 2,766 10.8% 2,578 11.2%
---------- -------- ------- -------- ------- -------- ------- -------- -------
727 590 2.5% 592 2.5% 592 2.3% 592 2.6%
---------- -------- ------- -------- ------- -------- ------- -------- -------
779 20 0.1% 20 0.1% - - - -
---------- -------- ------- -------- ------- -------- ------- -------- -------
958 942 4.0% 736 3.1% 585 2.3% 74 0.3%
---------- -------- ------- -------- ------- -------- ------- -------- -------
1176 398 1.7% 445 1.9% 447 1.7% 447 1.9%
---------- -------- ------- -------- ------- -------- ------- -------- -------
1200 284 1.2% 106 0.4% 106 0.4% 41 0.2%
---------- -------- ------- -------- ------- -------- ------- -------- -------
1729 - - - - 58 0.2% 19 0.1%
---------- -------- ------- -------- ------- -------- ------- -------- -------
2010 743 3.1% 745 3.1% 745 2.9% 652 2.8%
---------- -------- ------- -------- ------- -------- ------- -------- -------
2014 - - - - 137 0.5% 930 4.0%
---------- -------- ------- -------- ------- -------- ------- -------- -------
2121 157 0.7% 12 0.0% - - - -
---------- -------- ------- -------- ------- -------- ------- -------- -------
2525 138 0.6% 120 0.5% 120 0.5% 120 0.5%
---------- -------- ------- -------- ------- -------- ------- -------- -------
2526 55 0.2% 60 0.2% - - - -
---------- -------- ------- -------- ------- -------- ------- -------- -------
2791 3,964 16.7% 4,017 16.8% 3,537 13.8% 3,123 13.6%
---------- -------- ------- -------- ------- -------- ------- -------- -------
4242 122 0.5% 122 0.5% 122 0.5% 138 0.6%
---------- -------- ------- -------- ------- -------- ------- -------- -------
5820 - - 172 0.7% 118 0.5% 58 0.3%
---------- -------- ------- -------- ------- -------- ------- -------- -------
6103 431 1.8% 517 2.2% 475 1.9% 191 0.8%
---------- -------- ------- -------- ------- -------- ------- -------- -------
6104 408 1.7% 539 2.3% 946 3.7% 946 4.1%
---------- -------- ------- -------- ------- -------- ------- -------- -------
6105 134 0.6% 74 0.3% 386 1.5% 400 1.7%
---------- -------- ------- -------- ------- -------- ------- -------- -------
6106 353 1.5% 320 1.3% - - - -
---------- -------- ------- -------- ------- -------- ------- -------- -------
6107 165 0.7% 33 0.1% 373 1.5% 373 1.6%
---------- -------- ------- -------- ------- -------- ------- -------- -------
6110 448 1.9% 979 4.1% 925 3.6% - -
---------- -------- ------- -------- ------- -------- ------- -------- -------
6111 762 3.2% 958 4.0% 1,206 4.7% 1,218 5.3%
---------- -------- ------- -------- ------- -------- ------- -------- -------
6113 - - 30 0.1% 20 0.1% - -
---------- -------- ------- -------- ------- -------- ------- -------- -------
6117 - - - - 1,057 4.1% 698 3.0%
---------- -------- ------- -------- ------- -------- ------- -------- -------
Total 23,722 100.0% 23,923 100.0% 25,568 100.0% 23,007 100.0%
---------- -------- ------- -------- ------- -------- ------- -------- -------
* Percentage of total syndicate portfolio
For further information please contact:
HUW Nigel Hanbury nigel.hanbury@huwplc.com
Smith & Williamson Corporate
Finance David Jones 020 7131 4000
Westhouse Securities Robert Finlay 020 7601 6100
About HUW
HUW provides a limited liability direct investment into the
Lloyd's insurance market and is quoted on the London Stock
Exchange's AIM market (ticker: HUW). HUW's subsidiary underwriting
vehicles trade within the Lloyd's insurance market as corporate
members of Lloyd's writing GBP23 million of capacity for the 2015
account. The portfolio provides a good spread of classes of
business being concentrated in property insurance and reinsurance.
For further information please visit www.huwplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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