Helios Underw Regulatory News (HUW)

7th June 2016

Helios Underwriting plc

("Helios" or the "Company")

Quarterly Syndicate Mid Point Forecasts

Helios announces the current mid point forecasts in respect of its portfolio of syndicate capacity for the 2014 and 2015 years of account based on 1st quarter 2016 results.

Notes

1) The table shows the movement in capacity as result of acquisitions made since 1st Jan 2016 splitting the capacity retained by Helios and the capacity that is ceded to quota share reinsurers.

2) The mid point forecasts as of 1st quarter 2016 have been aggregated at syndicate level from estimates supplied by Managing Agents

3) The impact on Helios will be as follows:

a. The additional capacity acquired on the open years will make a contribution to the earnings of Helios although part of the result will have been earned in prior years or will be treated as pre-acquisition profits. 

b. The increase in the mid point estimates on the retained capacity will be recognised in the Helios income statement this year.

c. The overall improvement in the result will be received by Helios in cash when the profits are distributed after the close of the year of account.

For further information please contact:

Helios

Nigel Hanbury - Chief Executive 020 7863 6655 / nigel.hanbury@huwplc.com

Arthur Manners - Chief Financial Officer    07754 965917

Stockdale Securities    020 7601 6100

Robert Finlay

Rose Ramsden

About Helios

Helios provides a limited liability direct investment into the Lloyd's insurance market and is quoted on the London Stock Exchange's AIM market (ticker: HUW). Helios trades within the Lloyd's insurance market writing approximately £32 million of capacity for the 2016 account. The portfolio provides a good spread of classes of business being concentrated in property insurance and reinsurance. For further information please visit www.huwplc.com.