Forecasts & Results
Beazley has announced an updated forecast for the 2023 and the 2024 years of account for syndicates 623, 5623 & 6107.
Posted 21/08/2025 – Forecasts & Results
Beazley has announced an updated forecast for the 2023 and the 2024 years of account for syndicates 623, 5623 & 6107.
Syndicate 623
The 2023 forecast has improved to a profit between +7.5% and +17.5%, midpoint +12.5%. The previous forecast range was between +0.0% and +20.0%, midpoint +10.0%.
The 2024 forecast range has remained in the range of between -5% and +15.0% of capacity, midpoint +5.0% profit.
Syndicate 5623
The 2023 forecast has improved to a profit between +11.0% and +21.0%, midpoint +16%. The previous forecast range was between +10.0% and +20.0%, midpoint +15.0%.
The 2024 forecast range has remained in the range of between -5% and +15.0% of capacity, midpoint +5.0% profit.
SPA 6107
The 2023 forecast has improved to a profit between +2.5% and +22.5%, midpoint +12.5%. The previous forecast range was between -5.0% and +25.0%, midpoint +10.0%.
The 2024 forecast range has remained in the range of between -5% and +20.0% of capacity, midpoint +7.5% profit.
Alpha comment
It is pleasing to see pure year improvements starting to come through for the 2023 year of account on all three syndicates which are beginning to reflect the strong Beazley plc figures in recent years.
Beazley looks to remain cautious in its forecasts for the 2024 year of account with improvements expected to be seen in the final calendar year of the three year accounting period.
