UK's Helios Underwriting gains after positive annual outlook, growing returns

By Reuters News

** Shares of Lloyd's investment vehicle Helios Underwriting HUW.L up 5% at 240 pence

** Helios says Lloyd's market continues to report strong performance and the outlook for 2026 remains positive

** Says will benefit from "its outstanding pipeline profits generated from its broad Lloyd's syndicate portfolio for an extended period"

** Co reports NAV total return of 17 pence per share, a 6.5% increase in the first half

** H1 pretax profit more than doubles to £11 million ($14.55 million) from £4.4 million a year earlier, Helios says

** Stock up ~16% YTD

($1 = £0.7559)

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