Forecasts & Results

Chaucer syndicate 1176 2022 year of account result and updated 2023 forecast

Posted 05/03/2025 – Forecasts & Results

Chaucer has announced its result for the 2022 year of account and an updated forecast for the 2023 year of account for syndicate 1176

Syndicate 1176

The 2022 year has closed with a profit of +39.3%. This compares with the previous forecast profit in the range of +30.0% to +40.0%, midpoint +35.0%.

The 2023 forecast has deteriorated to a profit in the range of +15.0% to +30.0%, midpoint +22.5%. The previous forecast profit was in the range of +17.5% to +37.5%, midpoint +27.5%.

Alpha comment

The 2022 year result is another good profit from 1176 which has consistently produced top quartile results over the cycle.

The 2023 year movement is due to a recently advised claim but the profit forecast is still strong at this stage.

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