New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (UK£81k sold). Announcement • Jan 09
Helios Underwriting plc Promotes Jen Tan to Chief Underwriting Officer Helios Underwriting plc announced the promotion of Jen Tan to Chief Underwriting Officer (CUO). Jen Tan joined Helios in October 2023 and most recently served as Head of Portfolio Strategy, with responsibility for portfolio construction and capital allocation across Helios' Lloyd's platform. In this role, she has been instrumental in strengthening portfolio underwriting frameworks, improving portfolio quality, and refining Helios' risk appetite to support effective volatility management, through a structured and data-driven approach to portfolio management. As Chief Underwriting Officer, Jen will be responsible for establishing Helios' portfolio underwriting strategy, syndicate capacity allocation, and ongoing portfolio management. She will work closely with the Board, executive management, and syndicate partners to ensure consistent execution of strategy and effective deployment of capital through the underwriting cycle. Jen is an actuary by background with over 16 years of experience in insurance. Prior to joining Helios, she was Head of Pricing for Marine, Energy and Specialty at Hiscox, and earlier a Partner at Willis Towers Watson, advising senior management teams on pricing, portfolio optimisation, and risk strategy. As Chief Underwriting Officer, Jen will be responsible for establishing Helios' portfolio underwriting strategy, syndicate capacity allocation, and ongoing portfolio management. Recent Insider Transactions • Nov 15
Non-Executive Deputy Chairman recently bought UK£195k worth of stock On the 12th of November, Nigel Hanbury bought around 93k shares on-market at roughly UK£2.10 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth UK£440k. Despite this recent buy, Nigel has been a net seller over the last 12 months, reducing personal holdings by UK£1.0m. Recent Insider Transactions • Nov 09
Non-Executive Deputy Chairman recently sold UK£1.1m worth of stock On the 4th of November, Nigel Hanbury sold around 500k shares on-market at roughly UK£2.19 per share. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Nigel has been a net seller over the last 12 months, reducing personal holdings by UK£1.0m. Board Change • Nov 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Joanna Parsons was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 22
Helios Underwriting plc Announces Board Changes Helios Underwriting plc announced the appointment of Joanna Parsons as an Independent Non-Executive Director of the Company. Following Mr. Tucker's appointment, John Chambers will move to become Non-Executive Chairman of the Company. Joanna Parsons joins Helios with over 25 years of experience spanning strategic and equity analysis, M&A, capital raising, ESG, and financial oversight within regulated environments. As Strategic Growth Leader for Capital Advisory at Aon UK, she advises multinational and Lloyd's syndicate clients. Her prior roles include leadership positions at Canaccord Genuity, ABN AMRO, RBS, and HSBC, complementing her broad experience in insurance and financials. Current Partnerships /Directorships: Ninety Cambridge Street Company Ltd. Previous Partnerships /Directorships (last 5 years): Claypole Partners Ltd. Reported Earnings • Oct 05
First half 2025 earnings released: EPS: UK£0.062 (vs UK£0.013 loss in 1H 2024) First half 2025 results: EPS: UK£0.062 (up from UK£0.013 loss in 1H 2024). Revenue: UK£5.32m (down 43% from 1H 2024). Net income: UK£4.41m (up UK£5.38m from 1H 2024). Profit margin: 83% (up from net loss in 1H 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 76% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. New Risk • Sep 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (UK£601k sold). Announcement • Jul 03
Helios Underwriting plc Announces Termination of Appointment of Ben Harber as Secretary or Corporate Secretary on June 30, 2025 Helios Underwriting plc announced termination of appointment of Mr. BEN HARBER as Secretary or Corporate Secretary on June 30, 2025. New Risk • Jun 12
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 52% Last year net profit margin: 87% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (52% net profit margin). Reported Earnings • Jun 11
Full year 2024 earnings released: EPS: UK£0.26 (vs UK£0.22 in FY 2023) Full year 2024 results: EPS: UK£0.26 (up from UK£0.22 in FY 2023). Revenue: UK£36.0m (down 83% from FY 2023). Net income: UK£18.6m (up 14% from FY 2023). Profit margin: 52% (up from 7.6% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 65% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jun 04
Dividend of UK£0.10 announced Shareholders will receive a dividend of UK£0.10. Ex-date: 12th June 2025 Payment date: 18th July 2025 Dividend yield will be 4.3%, which is lower than the industry average of 5.0%. Sustainability & Growth The dividend has increased by an average of 1.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 20
Helios Underwriting plc to Report Fiscal Year 2024 Results on May 29, 2025 Helios Underwriting plc announced that they will report fiscal year 2024 results at 8:00 AM, GMT Standard Time on May 29, 2025 New Risk • Apr 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Recent Insider Transactions • Apr 14
Non-Executive Deputy Chairman recently sold UK£80k worth of stock On the 8th of April, Nigel Hanbury sold around 41k shares on-market at roughly UK£1.93 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Nigel has been a net buyer over the last 12 months, purchasing a net total of UK£156k worth of shares. Announcement • Apr 09
Helios Underwriting plc (AIM:HUW) announces an Equity Buyback for £2 million worth of its shares. Helios Underwriting plc (AIM:HUW) announces a share repurchase program. Under the program, the company will repurchase up to £2 million worth of its shares. The repurchased shares will be held by the Company in treasury at the company's discretion for later reissue or cancellation .The program will continue until the earlier of either the expiration of the General Authority or until the maximum pecuniary amount has been purchased under the Program. As of April 7, 2025, the company had 72,442,947 shares issued and outstanding and 5,667,335 ordinary shares in treasury. Recent Insider Transactions • Mar 17
Executive Chairman recently bought UK£83k worth of stock On the 12th of March, John Chambers bought around 40k shares on-market at roughly UK£2.08 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Announcement • Feb 10
Helios Underwriting plc Announces Directorate Change Helios Underwriting plc announced that Michael Wade, Executive Chairman, has decided to step down from his role at the end of February to continue developing his non-executive portfolio. John Chambers, currently a Non-Executive Director will become Interim Executive Chairman. Since Michael joined Helios as Non-Executive Chairman in June 2023, he has successfully guided the Company through a period of change and strong performance. Most recently as Executive Chairman, he oversaw the Group's portfolio restructuring, materially reducing the Company's underwriting risk, gearing and overall cost base for 2025. These strategic priorities will remain unchanged under John Chambers. John Chambers joined the Board of Helios as an Independent Non-Executive Director in July 2024 and has extensive underwriting and executive experience across the London Market. He was latterly Director of Underwriting at AEGIS London where he helped build the business from a fledgling syndicate into one of the largest and most profitable in the London Market. He brings considerable experience across all aspects of running a regulated insurer, from business planning through underwriting management to risk management, as well as financial and regulatory reporting. New Risk • Jan 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£2.24, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Insurance industry in the United Kingdom. Total returns to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to UK£2.72, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Insurance industry in the United Kingdom. Total returns to shareholders of 77% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to UK£2.46, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Insurance industry in the United Kingdom. Total returns to shareholders of 55% over the past three years. Reported Earnings • Sep 29
First half 2024 earnings released: EPS: UK£0.077 (vs UK£0.057 in 1H 2023) First half 2024 results: EPS: UK£0.077 (up from UK£0.057 in 1H 2023). Revenue: UK£133.1m (up 42% from 1H 2023). Net income: UK£5.68m (up 31% from 1H 2023). Profit margin: 4.3% (down from 4.6% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 30
Helios Underwriting plc Announces Appointment to the Board of Katharine Wade as an Independent Non-Executive Director Helios Underwriting plc announced the appointment to the Board of Katharine Wade as an Independent Non-Executive Director, effective immediately. Katharine brings over 29 years of experience in financial markets, at Board and management level roles within the UK and internationally. Katharine currently serves as Chief Financial Officer at Aegis, the top quartile Lloyd's syndicate, where she is responsible for strategy, capital raising and financial controls. Katharine has also held CFO roles at the UK entities within the Aspen Group (Aspen Insurance UK Limited and Aspen Managing Agency Limited) and ACE Tempest Re. Katharine's iNED experience includes being a non-executive director of Atlas Corporation and membership of the Investment Committee of the Council of Lloyd's, where she monitors ando versees the Treasury and Investment department and the performance of the Lloyd's Investment Platform. She is also a fellow of the Institute of Chartered Accountants of England and Wales, Chair of the Worshipful Company of Insurers Charitable trust, and Court Assistant for the Worshipful Company of Insurers. Recent Insider Transactions • Jul 19
Non-Executive Deputy Chairman recently bought UK£85k worth of stock On the 12th of July, Nigel Hanbury bought around 46k shares on-market at roughly UK£1.83 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Nigel has been a buyer over the last 12 months, purchasing a net total of UK£85k worth in shares. Announcement • Jul 01
Helios Underwriting plc Appoints John Chambers as an Independent Non-Executive Director Helios Underwriting plc announced the appointment to the Board of John Chambers as an Independent Non-Executive Director. John's appointment took effect after the Company's Annual General Meeting on 28th June 2024. John previously worked at AEGIS London, where he was Director of Underwriting, and helped build the business from a fledgling syndicate into one of the largest and most profitable in the London Market. He brings considerable experience across all aspects of running a regulated insurer, from business planning through underwriting management to risk management, as well as financial and regulatory reporting. Announcement • Jun 09
Helios Announces the Step Down of Martin Reith from His Role as Chief Executive Officer Helios announced that Martin Reith has stepped down from his role as Chief Executive Officer, to pursue other opportunities. Michael Wade, currently Non-Executive Chairman, will become Executive Chairman with immediate effect as the search for Martin's successor begins. Announcement • Jun 08
Helios Underwriting plc Announces Directorate Changes Helios announced that Michael Wade, currently Non-Executive Chairman, will become Executive Chairman with immediate effect as the search for Martin's successor begins. Nigel Hanbury, currently Executive Deputy Chairman, will become Non-Executive Deputy Chairman. Announcement • Jun 06
Helios Underwriting plc, Annual General Meeting, Jun 28, 2024 Helios Underwriting plc, Annual General Meeting, Jun 28, 2024. Location: city of london club, 19 old broad street, ec2n 1ds, london United Kingdom Reported Earnings • Jun 05
Full year 2023 earnings released: EPS: UK£0.22 (vs UK£0.049 loss in FY 2022) Full year 2023 results: EPS: UK£0.22 (up from UK£0.049 loss in FY 2022). Revenue: UK£214.9m (up 45% from FY 2022). Net income: UK£16.4m (up UK£19.7m from FY 2022). Profit margin: 7.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jun 02
Dividend of UK£0.06 announced Shareholders will receive a dividend of UK£0.06. Ex-date: 6th June 2024 Payment date: 12th July 2024 Dividend yield will be 3.5%, which is lower than the industry average of 5.0%. Sustainability & Growth The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 158% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 31
Helios Underwriting plc to Report Q2, 2024 Results on Sep 27, 2024 Helios Underwriting plc announced that they will report Q2, 2024 results on Sep 27, 2024 New Risk • May 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Announcement • Apr 24
Helios Underwriting plc Announces Resignation of Edward Fitzalan-Howard, Duke of Norfolk, as Non-Executive Director Helios Underwriting plc announced that Edward Fitzalan-Howard, Duke of Norfolk, has tendered his resignation as Non-Executive Director of the Board with effect from 19 April 2024. The Board of Directors accepts and respects his decision and expresses gratitude for his contributions throughout his tenure with the Company. New Risk • Apr 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Price Target Changed • Mar 24
Price target increased by 10% to UK£2.01 Up from UK£1.82, the current price target is provided by 1 analyst. New target price is 13% above last closing price of UK£1.79. Stock is up 13% over the past year. The company is forecast to post earnings per share of UK£0.17 next year compared to a net loss per share of UK£0.049 last year. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to UK£1.63, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Insurance industry in the United Kingdom. Total returns to shareholders of 5.6% over the past three years. Announcement • Mar 04
Helios Underwriting plc Appoints Adhiraj Maitra as Chief Operating Officer Helios Underwriting plc announced the appointment of Mr. Adhiraj Maitra to the newly created role of Chief Operating Officer. Mr. Maitra (BSc, MSc, Actuary) joins Helios from Canopius where he is the Group Head of Sustainability. Over his 17 year career, Mr. Maitra has had experience across a breadth of technical and leadership roles including 5 years as a Senior Manager with Lloyd's capital and planning, and 4 years with Willis Towers Watson leading the capital and risk initiatives in the London Market and as Global Head of Climate Change and ESG. New Risk • Oct 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Reported Earnings • Oct 01
First half 2023 earnings released: EPS: UK£0.057 (vs UK£0.044 loss in 1H 2022) First half 2023 results: EPS: UK£0.057 (up from UK£0.044 loss in 1H 2022). Revenue: UK£93.7m (up 69% from 1H 2022). Net income: UK£4.35m (up UK£7.36m from 1H 2022). Profit margin: 4.6% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. Revenue is expected to decline by 63% p.a. on average during the next 3 years, while revenues in the Insurance industry in the United Kingdom are expected to grow by 30%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Announcement • Aug 18
Helios Underwriting plc (AIM:HUW) commences an Equity Buyback for 7,731,820 shares, representing 10% of its issued share capital, under the authorization approved on June 29, 2023. Helios Underwriting plc (AIM:HUW) commences share repurchases on August 16, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 29, 2023. As per the mandate, the company is authorized to repurchase 7,731,820 shares, representing 10% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 105% of the average market value of an Ordinary Share in the Company for the five business days prior to the day the purchase is made and an amount equal to the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the purchase is carried out at the relevant time. The minimum price which may be paid for an ordinary share is £0.10 (being the nominal value). The authority shall expire at the conclusion of the next Annual General Meeting of the company or on June 30, 2024. As of May 26, 2023, the company had 77,318,203 ordinary shares in issue and had 419,169 shares held in treasury.
On August 16, 2023, the company announces a share repurchase program. Under the program, the company will repurchase up to £0.25 million worth of its shares. The program will be funded from existing cash resources. The purchased shares will be held by the company in treasury at the company's discretion for later reissue or cancellation. The maximum price paid per share will be no more than the net tangible asset value of the company. New Risk • Aug 01
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Significant insider selling over the past 3 months (UK£340k sold). Announcement • Jul 26
Helios Underwriting plc (AIM:HUW) acquired Park Farm Underwriting Ltd for £3.2 million. Helios Underwriting plc (AIM:HUW) acquired Park Farm Underwriting Ltd for £3.2 million on July 25, 2023. The consideration will be paid in cash. Park Farm Underwriting Ltd posted the turnover of £1.8 million for the year ended 2022. Giles Rolls and Charles Farquhar of Numis Securities Limited acted as financial advisor to Helios Underwriting plc (AIM:HUW).Helios Underwriting plc (AIM:HUW) completed the acquisition of Park Farm Underwriting Ltd on July 25, 2023. Announcement • Jul 14
Helios Underwriting plc (AIM:HUW) acquired Chorlton Underwriting Limited for £2 million. Helios Underwriting plc (AIM:HUW) acquired Chorlton Underwriting Limited for £2 million on July 14, 2023. The purchase price £1.996 million of which £0.2 million has been satisfied by the issue of 123,457 ordinary shares of £0.10 each in the Company ("New Ordinary Shares") at £1.62 per share with the remainder satisfied in cash. Numis acted as advisor in the transaction.
Helios Underwriting plc (AIM:HUW) completed the acquisition of Chorlton Underwriting Limited on July 14, 2023. Board Change • Jul 07
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Tom Libassi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 09
Executive Deputy Chairman recently sold UK£340k worth of stock On the 6th of June, Nigel Hanbury sold around 200k shares on-market at roughly UK£1.70 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Nigel has been a net seller over the last 12 months, reducing personal holdings by UK£340k. Upcoming Dividend • Jun 01
Upcoming dividend of UK£0.03 per share at 1.8% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 13 July 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (4.6%). Announcement • Jun 01
Helios Underwriting plc, Annual General Meeting, Jun 29, 2023 Helios Underwriting plc, Annual General Meeting, Jun 29, 2023, at 09:30 Coordinated Universal Time. Location: City of London Club 19 Old Broad Street, London, EC2N 1DS London United Kingdom Reported Earnings • May 28
Full year 2022 earnings released Full year 2022 results: Revenue: UK£148.3m (up 110% from FY 2021). Net loss: UK£4.26m (loss widened UK£3.83m from FY 2021). Announcement • Dec 30
Helios Underwriting plc (AIM:HUW) acquired Harris Family UTG Ltd and Whitehouse Underwriting Ltd. Helios Underwriting plc (AIM:HUW) acquired Harris Family UTG Ltd and Whitehouse Underwriting Ltd on December 29, 2022. In a related transaction Risk Capital UTG Limited acquired Risk Capital UTG Limited. The consideration for three companies £5.7 million, of which £5.1million is to be satisfied in cash, £0.4milllion is to be satisfied by the issue of 235,796 new ordinary shares of £0.10 each in the Company at a price of £1.577 per share, and a further £0.3million has been deferred dependent on the result of the LLVs' open years of account.Helios Underwriting plc (AIM:HUW) completed the acquisition of Harris Family UTG Ltd and Whitehouse Underwriting Ltd on December 29, 2022. Announcement • Nov 24
Helios Underwriting plc, Annual General Meeting, Dec 13, 2022 Helios Underwriting plc, Annual General Meeting, Dec 13, 2022, at 10:00 Coordinated Universal Time. Location: City of London Club, 19 Old Broad Street, London EC2N 1DS London United Kingdom Price Target Changed • Nov 16
Price target decreased to UK£1.40 Down from UK£2.45, the current price target is provided by 1 analyst. New target price is 11% below last closing price of UK£1.57. Stock is down 6.6% over the past year. The company is forecast to post a net loss per share of UK£0.004 next year compared to a net loss per share of UK£0.0075 last year. Reported Earnings • Sep 30
First half 2022 earnings released: UK£0.054 loss per share (vs UK£0.039 loss in 1H 2021) First half 2022 results: UK£0.054 loss per share (further deteriorated from UK£0.039 loss in 1H 2021). Revenue: UK£55.3m (up 102% from 1H 2021). Net loss: UK£3.65m (loss widened 57% from 1H 2021). Revenue is expected to decline by 44% p.a. on average during the next 3 years, while revenues in the Insurance industry in the United Kingdom are expected to grow by 28%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 16
Upcoming dividend of UK£0.03 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 18 July 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.0%). Lower than average of industry peers (5.0%). Reported Earnings • May 29
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: UK£0.007 loss per share (down from UK£0.016 profit in FY 2020). Revenue: UK£70.6m (up 34% from FY 2020). Net loss: UK£434.0k (down 244% from profit in FY 2020). Combined ratio: 93.9% (down from 103.1% in FY 2020). Revenue missed analyst estimates by 87%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 82%, compared to a 138% growth forecast for the insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • May 27
Helios Underwriting Plc, Annual General Meeting, Jun 29, 2022 Helios Underwriting Plc, Annual General Meeting, Jun 29, 2022. Agenda: To consider dividend. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Duke of Norfolk Fitzalan-Howard was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 22
Helios Underwriting Plc (AIM:HUW) acquired 100% share capital of Exalt Underwriting Limited for £0.4 million. Helios Underwriting Plc (AIM:HUW) acquired 100% share capital of Exalt Underwriting Limited for £0.4 million on December 20, 2021. In the total consideration of £0.40 million consists of £0.24 million has been satisfied by the issue of 141,399 Ordinary Shares of £0.10 each in the Company ("New Ordinary Shares") at £1.71 per share with the remainder 0.16 million satisfied in cash. Application has been made for the New Ordinary Shares to be admitted to trading on AIM. Admission is expected to occur at 8.00 a.m. on December 23, 2021.
Helios Underwriting Plc (AIM:HUW) completed the acquisition of 100% share capital of Exalt Underwriting Limited for £0.4 million on December 20, 2021. Announcement • Dec 14
Helios Underwriting Plc announced that it has received $2.345 million in funding On December 13, 2021, Helios Underwriting Plc closed the transaction. The transaction included participation from six investors. Reported Earnings • Oct 03
First half 2021 earnings released: UK£0.039 loss per share (vs UK£0.005 loss in 1H 2020) The company reported a soft first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: UK£27.4m (up 19% from 1H 2020). Net loss: UK£2.32m (loss widened UK£2.22m from 1H 2020). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Recent Insider Transactions • Jul 30
Chief Executive & Director recently bought UK£97k worth of stock On the 27th of July, Nigel Hanbury bought around 67k shares on-market at roughly UK£1.45 per share. This was the largest purchase by an insider in the last 3 months. Nigel has been a buyer over the last 12 months, purchasing a net total of UK£91k worth in shares. Upcoming Dividend • Jun 17
Upcoming dividend of UK£0.03 per share Eligible shareholders must have bought the stock before 24 June 2021. Payment date: 19 July 2021. Trailing yield: 1.7%. Lower than top quartile of British dividend payers (4.0%). Lower than average of industry peers (3.6%). Reported Earnings • Jun 01
Full year 2020 earnings released: EPS UK£0.016 (vs UK£0.26 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: UK£52.6m (up 15% from FY 2019). Net income: UK£301.0k (down 93% from FY 2019). Profit margin: 0.6% (down from 8.8% in FY 2019). Combined ratio: 103.1% (up from 95.6% in FY 2019). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • May 28
Helios Underwriting plc Recommends Final Dividend for the Year Ended December 31, 2020 Helios Underwriting Plc announced that the board is recommending the payment of a 3.0 pence final dividend for the year ended 31 December 2020 (2019: final dividend of £nil). The Company is implementing a new dividend policy where it intends to pay a sustainable annual ordinary dividend, of 3 pence per ordinary share, supplemented by special dividends from time to time. The Board continues to recognize the importance of income returns to shareholders. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 17% share price decline to UK£1.63, the stock is trading at a trailing P/E ratio of 8.5x, down from the previous P/E ratio of 10.2x. This compares to an average P/E of 15x in the Insurance industry in the United Kingdom. Total returns to shareholders over the past three years are 50%. Announcement • Mar 09
Helios Underwriting Plc, Annual General Meeting, Apr 01, 2021 Helios Underwriting Plc, Annual General Meeting, Apr 01, 2021, at 23:00 Coordinated Universal Time. Location: Hill Ash Farm, West Harting Petersfield Hampshire United Kingdom Agenda: To grant the Directors authority to allot new Ordinary Shares for the purposes of the Fundraising and the Acquisitions; to consider special resolution which disapplies the statutory pre-emption rights in respect of the allotment of the New Ordinary Shares to be allotted pursuant to the Fundraise; to disapplies the statutory pre-emption rights in respect of the allotment of new Ordinary Shares (representing approximately 5% of the post Admission issued share capital of the Company) to be allotted by the Board for cash, to fund Acquisitions over the next 12 months; to disapplies the statutory pre-emption rights in respect of the allotment of additional Ordinary Shares. Is New 90 Day High Low • Feb 23
New 90-day high: UK£2.16 The company is up 82% from its price of UK£1.19 on 24 November 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 5.0% over the same period. Executive Departure • Feb 11
Independent Non-Executive Director has left the company On the 6th of February, Jeremy Holt Evans' tenure in the role of Independent Non-Executive Director ended. As of September 2020, Jeremy personally held 130.85k shares (UK£126k worth at the time). Jeremy is the only executive to leave the company over the last 12 months. Executive Departure • Feb 10
Independent Non-Executive Director has left the company On the 8th of February, Jeremy Holt Evans' tenure in the role of Independent Non-Executive Director ended. As of September 2020, Jeremy personally held 130.85k shares (UK£126k worth at the time). Jeremy is the only executive to leave the company over the last 12 months. Announcement • Feb 08
Helios Underwriting Plc Announces Directorate Change Helios Underwriting plc announced that Jeremy Evans has stepped down from the Board and his position as Non-Executive Director with immediate effect. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 18% share price gain to UK£1.63, the stock is trading at a trailing P/E ratio of 8.5x, up from the previous P/E ratio of 7.2x. This compares to an average P/E of 16x in the Insurance industry in the United Kingdom. Total returns to shareholders over the past three years are 22%. Is New 90 Day High Low • Dec 30
New 90-day high: UK£1.35 The company is up 41% from its price of UK£0.96 on 01 October 2020. The British market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 23% over the same period. Announcement • Nov 27
Helios Underwriting Plc, Annual General Meeting, Nov 26, 2020 Helios Underwriting Plc, Annual General Meeting, Nov 26, 2020. Announcement • Nov 25
Helios Underwriting Plc has completed a Follow-on Equity Offering in the amount of £20.004625 million. Helios Underwriting Plc has completed a Follow-on Equity Offering in the amount of £20.004625 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,670,521
Price\Range: £1.2
Transaction Features: Rights Offering; Subsequent Direct Listing Is New 90 Day High Low • Nov 19
New 90-day high: UK£1.19 The company is up 19% from its price of UK£1.00 on 21 August 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 12% over the same period. Is New 90 Day High Low • Nov 04
New 90-day high: UK£1.18 The company is up 22% from its price of UK£0.96 on 05 August 2020. The British market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 11% over the same period. Reported Earnings • Sep 29
First half earnings released Over the last 12 months the company has reported total profits of UK£3.31m, up 253% from the prior year. Total revenue was UK£48.9m over the last 12 months, up 27% from the prior year. Is New 90 Day High Low • Sep 26
New 90-day low: UK£0.96 The company is down 4.0% from its price of UK£1.00 on 26 June 2020. The British market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 3.0% over the same period.