S.A. Meacock Syndicate 727: 2021 and 2022 Years of Account Updated Forecasts

Posted 09/11/2023 – Quick takes

Syndicate 727

The 2021 forecast range has improved to between +0.0% and +10.0% of capacity (midpoint +5.0% profit). The previous forecast range was between -3.0% and +11.0% of capacity (midpoint +4.0% profit).

The 2022 forecast range remains unchanged at between -7.0% and +13.0% of capacity (midpoint +3.0% profit).

Alpha comment

It is good to see the 2021 open year continued to improve, as is usual in its final year of development and despite the prior years still needing to hold £3m additional reserves.

The modest forecast for 2022 has unchanged but is likely to follow suit and see some gradual improvement in the coming quarters.


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