Helios Underwriting Plc Syndicate Forecasts (3011P)
June 05 2015 - 2:00AM
UK Regulatory
TIDMHUW
RNS Number : 3011P
Helios Underwriting Plc
05 June 2015
5 June 2015
Helios Underwriting plc
("HUW" or the "Company")
Syndicate Forecasts
Set out below are the aggregated 2013 and 2014 underwriting year
of account (YOA) forecasts of syndicate profits for HUW's portfolio
of syndicate participations:
2013 and 2014 open year of account forecasts
YOA HUW syndicate Previous forecast Current forecast
capacity of syndicate profit of syndicate profit
(GBP000) 31 December 2014 31 March 2015
------ -------------- ----------------------------- -----------------------------
Mid Mid Range Mid Mid Range
point point (%) point point (%)
(GBP000) (%) (GBP000) (%)
------ -------------- ---------- ------ --------- ---------- ------ ---------
4.65 6.87
2013 23,923 2,047 8.56 - 12.46 2,419 10.11 - 13.35
------ -------------- ---------- ------ --------- ---------- ------ ---------
2.93-
2014 25,568 NA NA NA 1,902 7.44 11.94
------ -------------- ---------- ------ --------- ---------- ------ ---------
Source: Syndicate data; Hampden Agencies Limited and HUW
analysis
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
financial results 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:
2013 2014 2015
---------- ----------------- ----------------- -----------------
Syndicate GBP'000 %* GBP'000 %* GBP'000 %*
---------- -------- ------- -------- ------- -------- -------
33 1,860 7.8% 2,001 7.8% 2,001 8.7%
---------- -------- ------- -------- ------- -------- -------
218 1,286 5.4% 1,286 5.0% 1,028 4.5%
---------- -------- ------- -------- ------- -------- -------
308 70 0.3% 85 0.3% - -
---------- -------- ------- -------- ------- -------- -------
386 701 2.9% 701 2.7% 598 2.6%
---------- -------- ------- -------- ------- -------- -------
510 3,993 16.7% 3,943 15.4% 3,943 17.1%
---------- -------- ------- -------- ------- -------- -------
557 529 2.2% 499 2.0% 499 2.2%
---------- -------- ------- -------- ------- -------- -------
609 2,329 9.7% 2,335 9.1% 2,338 10.2%
---------- -------- ------- -------- ------- -------- -------
623 2,561 10.7% 2,766 10.8% 2,578 11.2%
---------- -------- ------- -------- ------- -------- -------
727 592 2.5% 592 2.3% 592 2.6%
---------- -------- ------- -------- ------- -------- -------
779 20 0.1% - - - -
---------- -------- ------- -------- ------- -------- -------
958 736 3.1% 585 2.3% 74 0.3%
---------- -------- ------- -------- ------- -------- -------
1176 445 1.9% 447 1.7% 447 1.9%
---------- -------- ------- -------- ------- -------- -------
1200 106 0.4% 106 0.4% 41 0.2%
---------- -------- ------- -------- ------- -------- -------
1729 - - 58 0.2% 19 0.1%
---------- -------- ------- -------- ------- -------- -------
2010 745 3.1% 745 2.9% 652 2.8%
---------- -------- ------- -------- ------- -------- -------
2014 - - 137 0.5% 930 4.0%
---------- -------- ------- -------- ------- -------- -------
2121 12 0.0% - - - -
---------- -------- ------- -------- ------- -------- -------
2525 120 0.5% 120 0.5% 120 0.5%
---------- -------- ------- -------- ------- -------- -------
2526 60 0.2% - - - -
---------- -------- ------- -------- ------- -------- -------
2791 4,017 16.8% 3,537 13.8% 3,123 13.6%
---------- -------- ------- -------- ------- -------- -------
4242 122 0.5% 122 0.5% 138 0.6%
---------- -------- ------- -------- ------- -------- -------
5820 172 0.7% 118 0.5% 58 0.3%
---------- -------- ------- -------- ------- -------- -------
6103 517 2.2% 475 1.9% 191 0.8%
---------- -------- ------- -------- ------- -------- -------
6104 539 2.3% 946 3.7% 946 4.1%
---------- -------- ------- -------- ------- -------- -------
6105 74 0.3% 386 1.5% 400 1.7%
---------- -------- ------- -------- ------- -------- -------
6106 320 1.3% - - - -
---------- -------- ------- -------- ------- -------- -------
6107 33 0.1% 373 1.5% 373 1.6%
---------- -------- ------- -------- ------- -------- -------
6110 979 4.1% 925 3.6% - -
---------- -------- ------- -------- ------- -------- -------
6111 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 23,923 100.0% 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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