Forecasts & Results
S.A. Meacock has released an updated forecast for the 2022 and 2023 years of account for syndicate 727
Posted 06/08/2024 – Forecasts & Results
S.A. Meacock has announced an updated forecast for the 2022 and 2023 years of account for its syndicate 727 as at 30th June 2024.
Syndicate 727
The 2022 forecast range has improved to between +2.5% and +15.0% of capacity (midpoint +8.75% profit). The previous forecast range was between 0.0% and +15.0% of capacity (midpoint +7.5% profit).
The 2023 forecast range has improved to between -2.5% and +15.0% of capacity (midpoint +6.25% profit). The previous forecast range was between -5.0% and +15.0% of capacity (midpoint +5.0% profit).
Alpha comment
It is pleasing to see a steady improvement on the 2022 year of account, with a forecast of +8.75% at the 30 months position. This is the highest profit forecast at this stage since the 2014 year which closed with a strong profit.
The range for the 2023 year still includes a loss at its worse case, but this is likely to be a very cautious position, as the year benefitted from a very strong rating environment and an absence of significant major losses.
