Forecasts & Results
Atrium 609’s 2023 year of account result & updated forecasts for 2021 and 2024 years of account
Posted 23/02/2026 – Forecasts & Results
Atrium has announced the 2023 year of account result for syndicate 609 and updated forecasts for the 2021 and 2024 years of account
Syndicate 609
The 2021 forecast range is unchanged with a result in the range of -5.0% to +5.0% of capacity, midpoint 0.0%.
The 2023 year has closed with a profit of +14.9%. The previous forecast range was a profit between +12.5% and +17.5%, midpoint +15.0%.
The 2024 forecast range is unchanged with a profit in the range of +5.0% to +15.0%, midpoint +10.0%.
Alpha Comment
The result for the 2023 year of account is lower than the market average as the year did not benefit from the usual level of investment return due to the 2021 year of account being left open.
The 2021 year of account remains open as at 31st December 2025 due to the exposure to the western leased aircraft in Russia following its invasion of Ukraine. The process of settling the claims is complex and constantly developing. As a result, the year will remain open until there is sufficient clarity in respect of Atrium’s share of the claims and associated reinsurance recoveries.
The 2024 range is unchanged but we would expect this to improve over the next 12 months prior to closure.
