Forecasts & Results
MAP has released an updated forecast for the 2023 and 2024 years of account for syndicate 2791 and SPA 6103
Posted 03/11/2025 – Forecasts & Results
MAP has released an updated forecast for the 2023 and 2024 years of account for syndicate 2791 and SPA 6103
Syndicate 2791
The 2023 forecast has improved to a profit between +35.0% and +40.0% of capacity, midpoint +37.5%. The previous forecast range was between +32.0% and +37.0%, midpoint +34.5%.
The 2024 forecast has improved to a profit between +6.0% and +13.5% of capacity, midpoint +9.8%. The previous forecast range was between +2.5% and +10.0%, midpoint +6.3%.
SPA 6103
The 2023 forecast has improved to a profit between +52.0% and +57.0% of capacity, midpoint +54.5%. The previous forecast range was between +50.0% and +55.0%, midpoint +52.5%.
The 2024 forecast has improved to a profit between +10.0% and +17.5% of capacity, midpoint +13.8%. The previous forecast range was between +3.0% and +13.0%, midpoint +8.0%.
Alpha comment
MAP 2791 and 6103 forecasts continue to improve for both the 2023 and 2024 years of account which is very encouraging. As a reminder, the forecast for the 2023 year of account for syndicate 2791 is before the inclusion of any prior year releases which have historically further enhanced the result when included at closure. As SPA 6103 reinsures to close back into parent syndicate 2791, there is no contribution from the prior years.
