Syndicates 2791 and 6103
2024 Year of Account forecast result at 27 months
The forecast results for the 2024 Year of Account after deduction of all standard personal expenses but before members’ agency fees are:
Syndicate 2791: A profit between 13% and 18% of allocated capacity (previously 8.5% to 16%).
Syndicate 6103: A profit between 20% and 25% of allocated capacity (previously 15% to 22.5%).
2025 Year of Account forecast result at 15 months
The forecast results for the 2025 Year of Account after deduction of all standard personal expenses but before members’ agency fees are:
Syndicate 2791: A profit between 15% and 22.5% of allocated capacity.
Syndicate 6103: A profit between 30% and 40% of allocated capacity.
The 2025 Year of Account is at an early stage of development and there remain uncertainties that may affect the ultimate result.
The results are calculated using the quarter end USD:GBP exchange rate 1.32:1.
Capital providers are reminded that profits/losses arising from business transacted in US Dollars are distributed/collected in the original currency. The syndicate does not undertake any currency hedging, consequently, any exchange rate volatility may impact the result reported in GBP.
Chris Smelt
April 2026