Helios is a unique AIM-listed insurance investment vehicle that is building a quality portfolio of Lloyd’s underwriting participations through targeted acquisitions. This boosts open year returns, drives NAV growth (2015: +15%) and offers the potential for good future profits and dividends (c2% yield). The portfolio includes syndicates not accessible outside Lloyd’s and we expect Helios to outperform the Lloyd’s average return. We forecast PBT growth from 2016E (+22% YoY) an
