Helios Underwriting plc (Helios), the sole publicly traded investment company with access to a broad portfolio at Lloyd’s of London, has released its audited financial results for the year ending December 31, 2023 (FY23).
Over the past two years, Helios has expanded its capacity portfolio to £507 million for 2024, capitalising on strong market conditions marked by favourable pricing and underwriting discipline.
Helios’s financial highlights for 2023 include the following:
Commenting on the latest figures, Helios chief executive Martin Reith said: “Helios is the smartest way to invest at Lloyd’s of London and the excellent 2023 financial performance reflects the strength of our unique proposition, our continued strategic delivery, and some of the best underwriting conditions the market has experienced in a generation.”
Reith highlighted Helios’s efforts to grow its scale and relevance, achieving a 63% increase in the portfolio and higher fee income over the past year. The company continues to pursue opportunities to expand its presence by backing leading management teams and new ventures at Lloyd’s.
“Lloyd’s is the home of insurance innovation, providing solutions for many of the world’s most pressing issues – from climate change, to the energy transition, and cyber risks. I’m proud of the way Helios has developed into a key partner for syndicates at Lloyd’s and the pre-eminent provider of private capital into the market,” he said.
He expressed confidence in Helios’s potential to leverage market opportunities.
“Looking ahead, I am excited by further unlocking the potential of Helios, and I am confident in our ability to capitalise on the market opportunities and continue to offer uncorrelated returns by generating long-term growth and regular income for our investors,” he said.
