Helios Underwriting PLC (AIM:HUW), a member of Lloyd’s of London’s syndicated insurance market, expressed optimism about the market going into 2025.
Helios delivered a £6.5 million operating profit in the first half and investment returns of £2.7 million were recorded for the first six months.
Shareholder returns increased to 12p per share from 7p in the first half of 2023.
Net asset value per share as of June 2024 was 191p, up slightly from 189p.
"The Lloyd's market is experiencing exceptionally good market conditions, as increased underwriting discipline combines with strong growth and sustainable price increases,” said executive chairman Michael Wade.
He added: “Helios' financial performance so far this year reflects the strength of our proposition as well as the overall health of the Lloyd's market.
"We remain satisfied with our 2024 Lloyd's syndicate portfolio and will be re-positioning our balance for 2025, reducing new syndicate participations, as we manage the underwriting cycle."