Helios Underwriting Balance Sheet

Financials in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Equity & Preferred Securities	156.64	151.92	115.89	-	-	-
Total Investments	156.64	151.92	115.89	152.71	110.5	65.48
Cash & Equivalents	49.55	28.94	40.6	10.25	16.18	4.96
Reinsurance Recoverable	-	-	-	161.77	101.1	64.12
Other Receivables	37.16	62.16	70.35	87.96	50.73	31.04
Deferred Policy Acquisition Cost	-	-	-	24.99	13.62	7.73
Goodwill	-	-	-	-0.59	1.09	0.78
Other Intangible Assets	-	-	-	59.97	59.8	30.83
Restricted Cash	-	-	-	15.05	8.45	3.53
Other Current Assets	-	-	-	78.38	44.15	20.98
Long-Term Deferred Tax Assets	-	-	2.18	-	-	-
Total Assets	243.36	243.01	229.01	590.49	405.6	229.43
Accrued Expenses	11.06	4.45	3.22	7.49	4.7	3.29
Insurance & Annuity Liabilities	-	-	-	3.51	2.61	2.75
Unpaid Claims	-	-	-	272.02	186.65	113.37
Unearned Premiums	-	-	-	114.66	59.61	32.36
Reinsurance Payable	-	-	-	42.7	23.96	12.35
Current Portion of Long-Term Debt	-	-	-	-	-	4
Short-Term Debt	53.54	58.46	57.46	15	-	-
Current Income Taxes Payable	-	-	-	-	0.19	0.29
Long-Term Deferred Tax Liabilities	-	-	-	11.31	11.97	6.51
Other Current Liabilities	8.37	6.99	5.63	8.68	8.18	3.97
Total Liabilities	72.97	69.89	66.31	475.37	297.86	178.88
Common Stock	7.81	7.81	7.8	7.77	6.93	3.39
Additional Paid-In Capital	98.88	98.88	98.6	98.27	86.33	35.53
Retained Earnings	71.19	73.9	59.75	-2.16	5.25	7.7
Treasury Stock	-8.21	-8.27	-3.74	-	-0.11	-0.05
Comprehensive Income & Other	0.72	0.79	0.3	11.24	9.35	3.98
Shareholders' Equity	170.39	173.12	162.7	115.12	107.75	50.55
Total Liabilities & Equity	243.36	243.01	229.01	590.49	405.6	229.43
Filing Date Shares Outstanding	71.38	71.34	74.19	76.22	67.79	33.01
Total Common Shares Outstanding	71.38	71.34	74.19	76.22	67.79	33.01
Total Debt	53.54	58.46	57.46	15	-	4
Net Cash (Debt)	-3.99	-29.52	-16.87	-4.75	16.18	0.96
Net Cash Growth	-	-	-	-	1583.35%	-6.52%
Net Cash Per Share	-0.05	-0.39	-0.21	-0.07	0.28	0.05
Book Value Per Share	2.39	2.43	2.19	1.51	1.59	1.53
Tangible Book Value	170.39	173.12	162.7	55.74	46.86	18.95
Tangible Book Value Per Share	2.39	2.43	2.19	0.73	0.69	0.57

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.