Forecasts & Results
Asta Syndicate 2525 2021 & 2022 Year of Account Forecasts
Posted 11/05/2023 – Quick takes
Asta has released an updated forecast for the 2021 year of account and an initial forecast for the 2022 year of account for syndicate 2525.
Syndicate 2525
The 2021 forecast has improved to a range of between +7.5% and +17.5% of capacity, midpoint +12.5%, previously +0.0% to +15.0%, midpoint +7.5%.
An initial 2022 forecast has been set with a range of between +2.5% and +17.5% of capacity, midpoint +10.0%.
Alpha comment
The 2021 year of account continues to improve both on the pure year but also due to anticipated releases from the prior years’ reserves. A forecast midpoint profit of 12.5% at this stage of development is higher than in any previous year.
The 2022 year of account forecast is a wide range but with a midpoint forecast of +10%, but this forecast is for the pure year only. A strong profit forecast at this stage of development shows quite how well rated is the business written into this long tail account.
