Helios Underwriting Plc provided earnings guidance for the year ending December 31, 2017. The results for the year to December 31, 2017 have been impacted by the 2017 catastrophe losses.  The Board expects an operating loss before tax of approximately £0.5 million after reinsurance recoveries but before any charge for the impairment of capacity and deferred tax adjustments. The adjusted net asset value as at December 31, is forecast to be approximately 168 pence.  The reduction the weighted Average Price per £of capacity of 30% from the Lloyds Auctions is the driver to this fall in ANAV.