Forecasts & Results

Asta has released an updated forecast for the 2022 and 2023 years of account for syndicate 2525

Posted 07/08/2024 – Forecasts & Results

Asta has announced an updated forecast for the 2022 and 2023 years of account for its syndicate 2525 as at 30th June 2024.

Syndicate 2525

The 2022 forecast range has improved to between +15.0% and +25.0% of capacity (midpoint +20.0% profit). The previous forecast range was between +10.0% and +20.0% of capacity (midpoint +15.0% profit).

The 2023 forecast range has remained in the range of between +5.0% and +20.0% of capacity (midpoint +12.5% profit).

Alpha comment

The profit forecast for the 2022 year is looking very strong and now includes a modest forecast release from the 2021 & prior years.

The 2023 year of account saw the business written at strong rates and this early forecast of a midpoint profit of +12.5% looks cautious.

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