Insights
MAP has released an updated forecast for the 2021 and 2022 years of account for syndicate 2791 and SPA 6103
Posted 01/11/2023 – Quick takes
MAP has released an updated forecast for the 2021 and 2022 year of account for syndicate 2791 and SPA 6103.
Syndicate 2791
The 2021 forecast has improved to a profit between +2.5% and +7.5% of capacity, midpoint +5.0%. The previous forecast range was between +1.0% and +6.0%, midpoint +3.5%.
The 2022 forecast has improved to a profit between +6.0% and +11.0% of capacity, midpoint +8.5%. The previous forecast range was between +5.0% and +10.0%, midpoint +7.5%.
SPA 6103
The 2021 forecast has improved to a range between -9.0% and -4.0% of capacity, midpoint -6.5%. The previous forecast range was between -10.0% and -5.0%, midpoint -7.5%.
The 2022 forecast remains unchanged at a loss between -10.0% and -2.5% of capacity, midpoint -6.25%.
Alpha comment
The forecasts continue to improve as expected. The forecast for 2021 has improved despite a reduction in the anticipated investment return. As a reminder, the 2021 year of account does not include any contribution from the prior years which have historically contributed positively to the final result.
