As we have previously flagged, we anticipate further improvement in the 2014/15 YOA returns. The Q3 2016 midpoint forecasts show the group’s 2014 return on capacity has improved to 12.78% (Q2: 11.31%) vs. 9.40% for the Lloyd’s average. The 2015 YOA, which is much younger, has improved to 7.55% (Q2: 7.22%) vs. Lloyd’s at 3.30%. Helios recently raised c£5.97m gross via a Placing and Open Offer, providing additional funds to make further capacity acquisitions. We expect t
29 Nov 2016
Year of account estimates improve
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Year of account estimates improve
Helios Underwriting PLC (HUW:LON) | 165 -8.3 (-2.9%) | Mkt Cap: 123.3m
- Published:
29 Nov 2016 -
Author:
Joanna Parsons -
Pages:
3
As we have previously flagged, we anticipate further improvement in the 2014/15 YOA returns. The Q3 2016 midpoint forecasts show the group’s 2014 return on capacity has improved to 12.78% (Q2: 11.31%) vs. 9.40% for the Lloyd’s average. The 2015 YOA, which is much younger, has improved to 7.55% (Q2: 7.22%) vs. Lloyd’s at 3.30%. Helios recently raised c£5.97m gross via a Placing and Open Offer, providing additional funds to make further capacity acquisitions. We expect t