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Helios Underwriting posts 6.5% NAV total return for H1 2026
Helios Underwriting reported profit before tax of £11.0 million in the first half of 2026, up from £4.4 million in H1 2025.
Helios Underwriting, a publicly traded company offering instant access to Lloyd’s syndicate portfolios, said it delivered a 6.5% increase in net asset value, or NAV, total return to 17p per share in its interim results for the first six months of 2026, according to Reinsurance News.
For H1 2026, the firm reported profit before tax of £11.0 million, compared with £4.4 million in H1 2025, attributing the improvement to higher estimated syndicate profits, including net underwriting profits of £40 million received in May 2026 tied to the 2023 year of account.
Helios said NAV was £2.70 net of a 10p dividend, versus £2.63 at year-end 2025, and it expects NAV to rise further in the second half as a larger share of pipeline profits is recognized.
The company also maintained a total cash dividend of 10p per share for H1 2026, and it guided toward a dividend and total expected return of capital of 24p per share in 2026, up from 20p per share in 2025, which includes a forthcoming tender offer and share buyback activity to date.