Helios Underwriting Plc Syndicate Forecasts (8146W)
August 24 2015 - 2:00AM
UK Regulatory
TIDMHUW
RNS Number : 8146W
Helios Underwriting Plc
24 August 2015
24 August 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 March 2015 30 June 2015
------ -------------- ----------------------------- -----------------------------
Mid Mid Range Mid Mid Range
point point (%) point point (%)
(GBP000) (%) (GBP000) (%)
------ -------------- ---------- ------ --------- ---------- ------ ---------
6.93 7.88
2013 25,426 2,585 10.17 - 13.41 2,801 11.01 - 14.15
------ -------------- ---------- ------ --------- ---------- ------ ---------
2.96 3.31
2014 27,357 2,038 7.45 - 11.94 2,044 7.47 - 11.63
------ -------------- ---------- ------ --------- ---------- ------ ---------
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 1,955 7.7% 2,101 7.7% 2,103 8.5%
---------- -------- ------- -------- ------- -------- -------
218 1,289 5.1% 1,289 4.7% 1,031 4.2%
---------- -------- ------- -------- ------- -------- -------
308 70 0.3% 85 0.3% 85 0.3%
---------- -------- ------- -------- ------- -------- -------
386 750 2.9% 777 2.8% 663 2.7%
---------- -------- ------- -------- ------- -------- -------
510 4,198 16.5% 4,149 15.2% 4,149 16.7%
---------- -------- ------- -------- ------- -------- -------
557 531 2.1% 501 1.8% 501 2.0%
---------- -------- ------- -------- ------- -------- -------
609 2,378 9.4% 2,383 8.7% 2,386 9.6%
---------- -------- ------- -------- ------- -------- -------
623 2,726 10.7% 2,944 10.8% 2,744 11.1%
---------- -------- ------- -------- ------- -------- -------
727 640 2.5% 641 2.3% 641 2.6%
---------- -------- ------- -------- ------- -------- -------
779 20 0.1% - - - -
---------- -------- ------- -------- ------- -------- -------
958 818 3.2% 651 2.4% 144 0.6%
---------- -------- ------- -------- ------- -------- -------
1176 458 1.8% 460 1.7% 460 1.9%
---------- -------- ------- -------- ------- -------- -------
1200 160 0.6% 160 0.6% 95 0.4%
---------- -------- ------- -------- ------- -------- -------
1729 - - 91 0.3% 53 0.2%
---------- -------- ------- -------- ------- -------- -------
2010 834 3.3% 834 3.0% 730 2.9%
---------- -------- ------- -------- ------- -------- -------
2014 - - 227 0.8% 1,051 4.2%
---------- -------- ------- -------- ------- -------- -------
2121 67 0.3% 96 0.4% 96 0.4%
---------- -------- ------- -------- ------- -------- -------
2525 121 0.5% 121 0.4% 121 0.5%
---------- -------- ------- -------- ------- -------- -------
2526 60 0.2% - - - -
---------- -------- ------- -------- ------- -------- -------
2791 4,189 16.5% 3,689 13.5% 3,257 13.1%
---------- -------- ------- -------- ------- -------- -------
4242 177 0.7% 177 0.6% 200 0.8%
---------- -------- ------- -------- ------- -------- -------
5820 224 0.9% 220 0.8% 160 0.6%
---------- -------- ------- -------- ------- -------- -------
6103 550 2.2% 500 1.8% 201 0.8%
---------- -------- ------- -------- ------- -------- -------
6104 591 2.3% 1,018 3.7% 1,018 4.1%
---------- -------- ------- -------- ------- -------- -------
6105 95 0.4% 452 1.7% 467 1.9%
---------- -------- ------- -------- ------- -------- -------
6106 347 1.4% - - - -
---------- -------- ------- -------- ------- -------- -------
6107 33 0.1% 373 1.4% 373 1.5%
---------- -------- ------- -------- ------- -------- -------
6110 1,043 4.1% 925 3.4% - -
---------- -------- ------- -------- ------- -------- -------
6111 1,035 4.1% 1,294 4.7% 1,305 5.3%
---------- -------- ------- -------- ------- -------- -------
6113 67 0.3% 67 0.2% - -
---------- -------- ------- -------- ------- -------- -------
6117 - - 1,132 4.1% 748 3.0%
---------- -------- ------- -------- ------- -------- -------
Total 25,426 100.0% 27,357 100.0% 24,780 100.0%
---------- -------- ------- -------- ------- -------- -------
* 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 GBP25 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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