Forecasts & Results

Meacock Syndicate 727 2021 Year of Account Result & Updated 2022 Forecast

Posted 27/02/2024 – Quick takes

S.A. Meacock has announced its result for the 2021 Year of Account for its syndicate 727 and has also released an update for the 2022 year of account

Syndicate 727

The 2021 year has closed with a profit of +9.95%. This compares with the previous forecast of a profit in the range 0% and +10.0%, midpoint +5.0%.

The 2022 forecast has improved to a profit in the range 0% to +15.0%, midpoint +7.5%. This compares with the previous forecast range of between -7.0% and +13.0% of capacity, midpoint +3.0%.

Alpha comment

We do not yet have a breakdown of the pure and prior years or investment return to see from where the large improvement on the 2021 year of account arises. Previously, the prior years were forecast to have a shortfall of £4m which may have been reduced. A profit of +9.95% is the syndicate’s best result since the 2014 year of account.

We usually see incremental increases in the forecast each quarter on this syndicate. For 2022, the range has narrowed from a 20 point range to a 15 point range and with the best case also improving. We have not seen a midpoint forecast profit of +7.5% at the 24 months’ stage reflecting the improved market conditions.

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