Helios Underwriting NAV per share increases 13% in 2024

Lloyds-focused investment vehicle Helios Underwriting has reported its unaudited Net Asset Value (NAV) per share has increased by 13%, to £2.14 – £140,101 million in Net Assets – for the quarter to December 31, 2024.

Comparably, Helios’ unaudited NAV per share in 2023 increased to £1.85 – £137.2 million in Net Assets.

John Chambers, Executive Chairman, commented: “The significant profits recognised in 2024 from the profitable underwriting, investment income and accretion in freehold capacity value has driven an increase of 13% in our NAV in 2024.

“The market conditions at Lloyd’s remain strong and Helios’ pipeline profitability from the portfolio underpins our confidence in the future performance of the business.”

Helios, which acquires and consolidates private underwriting capacity at Lloyd’s, also saw its profits for the period to December 31, 2024, reach £15,064 million, a figure that also played a role in the firm’s Net Asset Value per share update.

The company also reported that its capacity revaluation increased £0.09 per share in the net asset value. This increase in value, amounting to £6.357 million in total, resulted from last year’s Lloyd’s capacity auctions completed in November 2024.

Additionally, the firm spent £4.507 million on buying back its own shares, which also impacted the net asset value and the number of shares in issue.

This website states: The content on this site is sourced from the internet. If there is any infringement, please contact us and we will handle it promptly.