Helios Underwriting First Half 2023 Earnings: EPS: UK£0.057 (vs UK£0.044 loss in 1H 2022)

Helios Underwriting (LON:HUW) First Half 2023 Results

Key Financial Results

• Revenue: UK£93.7m (up 69% from 1H 2022).
• Net income: UK£4.35m (up from UK£3.01m loss in 1H 2022).
• Profit margin: 4.6% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue.
• EPS: UK£0.057 (up from UK£0.044 loss in 1H 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Helios Underwriting Earnings Insights

Looking ahead, 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 34%.

Performance of the British Insurance industry.

The company's shares are up 6.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Helios Underwriting you should know about.

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