Profits at Helios rose to £0.65m from £0.18m due to a lower than average loss activity which the company benefited from, as reported in its interim results for the period ending June 30 2019. Adjusted Net Asset Value per share increased to £1.91 from £1.90, with two acquisitions completed in 2019. There was a 61% increase in the retained capacity on 2017 and 2018 underwriting years have contributed to the increase in profitability, and the premium rate increases that have been achieved are reflected in the underlying results. The company believes that a window of opportunity has been opened as smaller investors are finding their costs increasing which, when combined with an expectation of lower returns which can partially explain the increased flow.
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