Helios Underwriting Plc Syndicate Forecasts (8093S)
March 22 2016 - 3:00AM
UK Regulatory
TIDMHUW
RNS Number : 8093S
Helios Underwriting Plc
22 March 2016
22 March 2016
Helios Underwriting plc
("HUW" or the "Company")
Syndicate Forecasts
Set out below are the aggregated 2013 underwriting year of
account (YOA) result and updated 2014 YOA forecast of syndicate
profits for HUW's portfolio of syndicate participations:
2013 closed year of account result and 2014 open year of account
forecast
YOA HUW syndicate Previous forecast Current forecast
capacity of syndicate profit of syndicate profit
(GBP000) 30 September 2015 31 December 2015
------ -------------- ----------------------------- -----------------------------
Mid Mid Range Mid Mid Range
point point (%) point point (%)
(GBP000) (%) (GBP000) (%)
------ -------------- ---------- ------ --------- ---------- ------ ---------
7.76
2013 28,691 3,048 10.62 - 13.49 4,046 14.10 NA
------ -------------- ---------- ------ --------- ---------- ------ ---------
3.65 4.96
2014 31,040 2,339 7.54 - 11.43 2,713 8.74 - 12.51
------ -------------- ---------- ------ --------- ---------- ------ ---------
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 2016
---------- ---------------- ---------------- ---------------- ----------------
Syndicate GBP'000 %* GBP'000 %* GBP'000 %* GBP'000 %*
---------- -------- ------ -------- ------ -------- ------ -------- ------
33 2,326 8.1 2,491 8.0 2,437 8.7 2,437 8.3
---------- -------- ------ -------- ------ -------- ------ -------- ------
218 1,460 5.1 1,523 4.9 1,194 4.3 1,228 4.2
---------- -------- ------ -------- ------ -------- ------ -------- ------
308 203 0.7 245 0.8 185 0.7 100 0.3
---------- -------- ------ -------- ------ -------- ------ -------- ------
386 813 2.8 840 2.7 717 2.6 717 2.4
---------- -------- ------ -------- ------ -------- ------ -------- ------
510 4,708 16.4 4,659 15.0 4,654 16.6 4,654 15.9
---------- -------- ------ -------- ------ -------- ------ -------- ------
557 596 2.1 556 1.8 541 1.9 540 1.8
---------- -------- ------ -------- ------ -------- ------ -------- ------
609 2,803 9.8 2,808 9.0 2,726 9.7 2,726 9.3
---------- -------- ------ -------- ------ -------- ------ -------- ------
623 3,132 10.9 3,383 10.9 3,123 11.1 3,498 11.9
---------- -------- ------ -------- ------ -------- ------ -------- ------
727 810 2.8 811 2.6 836 3.0 836 2.8
---------- -------- ------ -------- ------ -------- ------ -------- ------
779 20 0.1 - - - - - -
---------- -------- ------ -------- ------ -------- ------ -------- ------
958 897 3.1 714 2.3 210 0.7 - -
---------- -------- ------ -------- ------ -------- ------ -------- ------
1176 474 1.7 476 1.5 476 1.7 526 1.8
---------- -------- ------ -------- ------ -------- ------ -------- ------
1200 160 0.6 160 0.5 95 0.3 - -
---------- -------- ------ -------- ------ -------- ------ -------- ------
1729 - - 107 0.3 69 0.2 - -
---------- -------- ------ -------- ------ -------- ------ -------- ------
1884 - - - - 25 0.1 - -
---------- -------- ------ -------- ------ -------- ------ -------- ------
1991 - - 90 0.3 60 0.2 - -
---------- -------- ------ -------- ------ -------- ------ -------- ------
2010 919 3.2 919 3.0 804 2.9 804 2.7
---------- -------- ------ -------- ------ -------- ------ -------- ------
2014 - - 327 1.1 1,185 4.2 1,250 4.3
---------- -------- ------ -------- ------ -------- ------ -------- ------
2121 120 0.4 160 0.5 260 0.9 - -
---------- -------- ------ -------- ------ -------- ------ -------- ------
2525 141 0.5 141 0.5 141 0.5 167 0.6
---------- -------- ------ -------- ------ -------- ------ -------- ------
2526 60 0.2 - - - - - -
---------- -------- ------ -------- ------ -------- ------ -------- ------
2791 4,605 16.1 4,055 13.1 3,552 12.6 3,552 12.1
---------- -------- ------ -------- ------ -------- ------ -------- ------
4242 177 0.6 177 0.6 200 0.7 - -
---------- -------- ------ -------- ------ -------- ------ -------- ------
5820 224 0.8 220 0.7 160 0.6 - -
---------- -------- ------ -------- ------ -------- ------ -------- ------
6103 550 1.9 521 1.7 210 0.7 235 0.8
---------- -------- ------ -------- ------ -------- ------ -------- ------
6104 661 2.3 1,138 3.7 1,088 3.9 1,095 3.7
---------- -------- ------ -------- ------ -------- ------ -------- ------
6105 115 0.4 524 1.7 540 1.9 - -
---------- -------- ------ -------- ------ -------- ------ -------- ------
6106 362 1.3 - - - - - -
---------- -------- ------ -------- ------ -------- ------ -------- ------
6107 33 0.1 373 1.2 373 1.3 373 1.3
---------- -------- ------ -------- ------ -------- ------ -------- ------
6110 1,073 3.7 925 3.0 - - - -
---------- -------- ------ -------- ------ -------- ------ -------- ------
6111 1,182 4.1 1,459 4.7 1,455 5.2 1,614 5.5
---------- -------- ------ -------- ------ -------- ------ -------- ------
6113 67 0.2 67 0.2 - - - -
---------- -------- ------ -------- ------ -------- ------ -------- ------
6117 - - 1,171 3.8 773 2.8 2,713 9.2
---------- -------- ------ -------- ------ -------- ------ -------- ------
7217 - - - - - - 211 0.7
---------- -------- ------ -------- ------ -------- ------ -------- ------
7227 - - - - 3 0.0 64 0.2
---------- -------- ------ -------- ------ -------- ------ -------- ------
Total 28,691 100.0 31,040 100.0 28,091 100.0 29,340 100.0
---------- -------- ------ -------- ------ -------- ------ -------- ------
* 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
Stockdale 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 GBP29 million of capacity for the 2016
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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