Forecasts & Results

Chaucer has released an updated forecast for the 2022 and 2023 years of account for syndicate 1176

Posted 07/11/2024 – Forecasts & Results

Chaucer has announced an updated forecast for the 2022 and 2023 years of account for its syndicate 1176 as at 30th September 2024.

Syndicate 1176

The 2022 forecast range has improved to between +30.0% and +40.0% of capacity (midpoint +35.0% profit). The previous forecast range was between +27.5% and +37.5% of capacity (midpoint +32.5% profit).

The 2023 forecast range is unchanged with a range between +17.5% and +37.5% of capacity (midpoint +27.5% profit).

Alpha comment

We are pleased to see a further improvement in the 2022 year of account forecast, which includes an increased release from the prior years and a slightly improved investment return.

There remains the usual caution in the 2023 year of account as this early stage.

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