Syndicates 2791 and 6103
2023 Year of Account forecast result at 33 months
The forecast results for the 2023 Year of Account after deduction of all standard personal expenses but before members’ agency fees are:
Syndicate 2791: A profit between 35% and 40% of allocated capacity (previously 32% to 37%).
Syndicate 6103: A profit between 52% and 57% of allocated capacity (previously 50% to 55%).
2024 Year of Account forecast result at 21 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 6.0% and 13.5% of allocated capacity (previously 2.5% to 10%).
Syndicate 6103: A profit between 10.0% and 17.5% of allocated capacity (previously 3% to 13%).
The results are calculated using the quarter end USD:GBP exchange rate 1.35:1.
Capital providers are reminded that profits arising from business transacted in US Dollars are distributed 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
November 2025