Surfing the wave
- Adam Strydom
- 1 day ago
- 1 min read
HELIOS UNDERWRITING PLC (HUW) continued to perform well in FY25. NAV per share increased c 21p to 263p, rising in each quarter, and including DPS paid of 10p per share, the total NAV return to shareholders was c 31p or 12.3%. Including dividends and share repurchases, a total of 20p per share was returned to shareholders. Pipeline profits strengthened and will be supportive in the next two years. The insurance market is cyclical, and while premium rates have started to soften, they remain adequate after several years of strong increases. HUW has successfully navigated past cycles, and its return on capital has significantly outperformed the Lloyd’s of London (Lloyd’s) market average over the past 10 years.
25 August 2026
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