Helios Underwriting plc

HUW

GB00B23XLS45

Reinsurance

Market Closed - London S.E. Other stock markets 11:35:03 2024-06-28 EDT			5-day change	1st Jan Change
171.5 ^GBX	+0.88%		+3.00%	+12.46%

06-28	Helios Underwriting seeks to boost fee income with third party capital	AN
06-19	Helios Underwriting shares up on buyback worth up to GBP3.7 million	AN

Helios Underwriting shares up on buyback worth up to GBP3.7 million

June 19, 2024 at 05:38 am

(Alliance News) - Helios Underwriting PLC shares rose on Wednesday, after it said it will buy up to GBP3.7 million in shares.

Helios Underwriting is an investment vehicle, which provides shareholders with participation in the Lloyd's insurance market. Its shares were 5.8% to 169.20 pence each in London on Wednesday morning.

Since Helios announced its first buyback programme back in August, it has repurchased 2.8 million shares worth GBP4.0 million.

The new buyback will begin on Wednesday, and will be financed with Helios Underwriting's existing cash resources.

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Helios Underwriting plc

Helios Underwriting seeks to boost fee income with third party capital	06-28	AN
Helios Underwriting shares up on buyback worth up to GBP3.7 million	06-19	AN
Helios Underwriting CEO Steps Down	06-07	MT
Helios Underwriting CEO Martin Reith steps down	06-07	AN
Stocks red ahead of US non-farm payrolls	06-07	AN
Helios Underwriting plc Announces Directorate Changes	06-07	CI
Helios Announces the Step Down of Martin Reith from His Role as Chief Executive Officer	06-07	CI
EARNINGS AND TRADING: Lowland beats benchmark; EnQuest output in line	05-30	AN
Earnings Flash (HUW.L) HELIOS UNDERWRITING Reports FY23 Revenue GBP212.9M	05-30	MT
Earnings Flash (HUW.L) HELIOS UNDERWRITING Posts FY23 EPS GBX20.85	05-30	MT
Tranche Update on Helios Underwriting plc's Equity Buyback Plan announced on August 17, 2023.	05-30	CI
Tranche Update on Helios Underwriting plc's Equity Buyback Plan announced on August 17, 2023.	05-30	CI
Helios Underwriting plc Reports Earnings Results for the Full Year Ended December 31, 2023	05-30	CI
NatWest target raised, other lenders backed	05-09	AN
UBS raises Centrica to 'buy' from 'neutral	05-08	AN
Helios Underwriting plc Announces Resignation of Edward Fitzalan-Howard, Duke of Norfolk, as Non-Executive Director	04-22	CI
Helios Underwriting plc Announces Change of Registered Office Address	03-25	CI
Helios Underwriting Names First COO	03-04	MT
Helios Underwriting plc Appoints Adhiraj Maitra as Chief Operating Officer	03-04	CI
UBS cuts Barratt, Berkeley, lifts Taylor Wimpey	12-18	AN
88 Energy expands Texas footprint with acquisitions	12-15	AN
Helios Underwriting expects capacity fund value to rise	11-08	AN
Helios Underwriting announces share buyback, plans to up dividend	23-10-10	AN
Helios Underwriting to Double Annual Base Dividend from FY24, Launch Share Buyback	23-10-10	MT
Helios Underwriting swings to profit and expects portfolio to shine	23-09-28	AN

Helios Underwriting plc is a United Kingdom-based investment company. The Companyâs principal activity is to provide a limited liability investment for its shareholders in the Lloydâs insurance market. The Company and its subsidiaries participate in the Lloydâs insurance market through its participation in a portfolio of Lloydâs syndicates. It operates through three segments: syndicate participation, investment management, and other corporate activities. It participates in the insurance business as an underwriting member at Lloydâs through its subsidiary undertakings. It builds a portfolio of capacity of syndicates at Lloydâs and acquires Limited Liability Vehicles (LLVs). It provides a limited liability direct investment into the Lloyd's insurance market. The Company's portfolio provides a spread of business being concentrated in property and casualty insurance and reinsurance.

Sector

Reinsurance

Calendar

2024-09-27 - Q2 2024 Earnings Release

More about the company

Income Statement Evolution

More financial data

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.715 GBP

Average target price

2.01 GBP

Spread / Average Target

+17.20%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Reinsurance

	1st Jan change	Capi.
HELIOS UNDERWRITING PLC	+12.46%	160M
SWISS RE LTD	+17.91%	36.03B
GENERAL INSURANCE CORPORATION OF INDIA	+22.95%	7.97B
SCOR SE	-10.58%	4.53B
ENSTAR GROUP LIMITED	+3.86%	4.48B
KOREAN REINSURANCE COMPANY	+11.61%	853M
CENTRAL REINSURANCE CORPORATION	+12.36%	638M
POZAVAROVALNICA SAVA, D.D.	+16.43%	541M
MNRB HOLDINGS	+85.25%	375M
VIETNAM NATIONAL REINSURANCE CORPORATION	+15.11%	169M

Other Reinsurance

Helios Underwriting plc

Equities

HUW

GB00B23XLS45

Reinsurance

Helios Underwriting shares up on buyback worth up to GBP3.7 million

Latest news about Helios Underwriting plc

Chart Helios Underwriting plc

Company Profile

Income Statement Evolution

Analysts' Consensus

EPS Revisions

Annual profits - Rate of surprise

Sector Other Reinsurance