Forecasts & Results

Hiscox Syndicate 33 and SPA 6104 2020, 2022 & 2023 Updated Year of Account Forecasts

Posted 13/05/2024 – Quick takes

Hiscox has released an updated forecast for the 2020, 2022 and  2023 year of account syndicate 33 and SPA 6104.

Syndicate 33

The 2022 forecast has remained unchanged in the range of between +4.8% and +14.8% of capacity, midpoint +9.8%

The 2023 forecast has improved to a range of between +7.8% and +17.8% of capacity, midpoint +12.8%, previously +6.9% to +16.9%, midpoint +11.9%.

Syndicate 6104

The forecast for the 2020 year (left open at 36 months) has improved to a range of between +22.8% and +32.8% of capacity, midpoint +27.8%, previously +22.4% to +32.4%, midpoint +27.4%.

The 2022 forecast has improved to a range of between +11.9% and +21.9% of capacity, midpoint +16.9%, previously +11.3 to +21.3%, midpoint +16.3%.

The 2023 forecast has improved to a range of between +19.8% and +29.8% of capacity, midpoint +24.8%, previously +19.7% to +29.7%, midpoint +24.7%.

Alpha comment

The forecasts remain unchanged or marginally improved from last quarter. The 2020 year of account remains open with a large declared profit. Hiscox is unusual in that it issues a forecast for each year of account from the 12 months stage so we had already seen an initial forecast for the 2023 year of account for 33 and 6104 both of which have seen a small improvement this quarter.

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