Syndicates 2791 and 6103
2021 Year of Account forecast result at 30 months
The forecast results for the 2021 Year of Account after deduction of all standard personal expenses but before members’ agency fees are:
Syndicate 2791: A profit of between +1% and +6% of allocated capacity (unchanged).
Syndicate 6103: A loss of between -9% and -4% of allocated capacity (previously a loss of between -10% and -5%).
2022 Year of Account forecast result at 18 months
The forecast results for the 2022 Year of Account after deduction of all standard personal expenses but before members’ agency fees are:
Syndicate 2791: A profit of between +5% and +10% of allocated capacity (previously +2.5% to +10%).
Syndicate 6103: A loss of between -10% and -2.5% of allocated capacity (previously -12.5% to -2.5%)
The 2022 Year of Account is at an early stage of development and there remain a number of material uncertainties that may affect the ultimate result.
Chris Smelt
August 2023