Building a high quality portfolio at Lloyd’s
The underwriting results of the Helios portfolio have consistently outperformed the Lloyd’s market average, with the average return being 9% higher than the Lloyd’s average (last five years).
These incremental returns demonstrate the diversity and the breadth of underwriting expertise within the businesses comprising the portfolio of syndicate capacity.
A shareholding in Helios enables an investor the unique opportunity of a stock exchange listed vehicle which has direct participation across a spread of Lloyd’s syndicates.
Michael Wade
Executive Chariman
Growth in retained capacity
£m
Net Tangible Asset Value per Share
(current estimate in pence)
Helios portfolio
Total holdings by Managing Agent (Jan 2025)
| Syndicate | Managing agent | Capacity £M | Helios portfolio % of total |
|---|---|---|---|
| 33 | Hiscox | 15.11 | 3.12 |
| 218 | ERS | 19.4 | 4.01 |
| 318 | Cicinnati | 1.08 | 0.22 |
| 386 | QBE | 2.89 | 0.6 |
| 510 | TMK | 15.31 | 3.16 |
| 609 | Atrium | 18.79 | 3.88 |
| 623 | Beazley | 28.87 | 5.96 |
| 727 | Meacock | 2.96 | 0.61 |
| 1176 | Chaucer | 2.58 | 0.53 |
| 1609 | Mosiac | 20 | 4.13 |
| 1729 | Dale | 25.12 | 5.19 |
| 1902 | MCI | 12.64 | 2.61 |
| 1910 | Ariel Re | 20 | 4.13 |
| 1925 | Envelop | 7.5 | 1.55 |
| 1955 | Arch | 24.64 | 5.09 |
| 1966 | MCI 2 | 12.6 | 2.6 |
| 1971 | Apollo | 25 | 5.16 |
| 1985 | Flux | 12.69 | 2.62 |
| 2024 | ADA | 6.75 | 1.39 |
| 2121 | Argenta | 5.21 | 1.08 |
| 2358 | Nephila | 25 | 5.16 |
| 1427 | Agile | 15 | 3.1 |
| 2454 | ASR | 7.5 | 1.55 |
| 2525 | Secure Lby Solutions | 2.41 | 0.5 |
| 2689 | HRP | 14.76 | 3.05 |
| 2791 | MAP | 16.17 | 3.34 |
| 3123 | Fidelis | 14.06 | 2.9 |
| 3939 | Norman Max | 12 | 2.48 |
| 4242 | Beat | 16.52 | 3.41 |
| 5623 | Beazley | 26.84 | 5.55 |
| 5886 | Blenheim | 37.48 | 7.74 |
| 6103 | MAP | 4.62 | 0.95 |
| 6104 | Hiscox | 12.01 | 2.48 |
| 6117 | Ariel Re | 0.57 | 0.12 |
| Total Helios portfolio | 484 | 100 | |
