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Helios Underwriting PLC - London-based limited liability vehicles investment company - Swings to a loss of £434,000 in 2021 from a profit of £301,000 the previous year. Revenue surges to £71.8 million from £53.8 million, while net premiums written jumps to £79.1 million from £50.6 million. Underwriting profit soars to £3.4 million from £639,000. Proposes a final dividend of 3 pence per share. The company did not pay a dividend in 2020.
Chief Executive Nigel Hanbury says: ‘Our capacity portfolio has increased 111%, from £110 million to £233 million, and retained capacity increases at the outset of the underwriting year from £59 million to £172 million, an increase of 193%.’
Current stock price: 166.00 pence, down 4.1% in London
12-month change: up 3.8%
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