Forecasts & Results

Meacock Syndicate 727 2020 & 2021 Year of Account Forecasts

Posted 07/11/2022 – Forecasts & Results

S.A. Meacock has released updated forecasts for the 2020 and 2021 years of accounts for syndicate 727 as at 30th September

Syndicate 727

The 2020 forecast is unchanged at between -3.0% and +7.0% of capacity, midpoint +2% of capacity.

The 2021 forecast is unchanged at between -8.0% and +12.0% of capacity, midpoint +2% of capacity.

Alpha comment

We might have expected an improvement in the forecast for the 2020 year of account this quarter but the syndicate has had to downgrade its investment return expectations due to losses suffered on its US bond portfolio. We would expect that, given the syndicate’s track-record and cautious reserving methodology, the syndicate’s result will improve at closure, and a mid-single figure profit should be achievable.

The syndicate often keeps its forecasts stable in the first 24 months, therefore, it is unsurprising that the forecast for the 2021 year of account remains unchanged. This year of account is impacted by the investment losses to a lesser extent than the 2020 year of account and will also benefit from an uplift from the US bonds maturing.

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