Forecasts & Results
MAP 2791 and 6103’s 2023 year of account results & updated forecasts for 2024 year of account
Posted 24/02/2026 – Forecasts & Results
MAP has announced its results for the 2023 year of account and updated forecasts for the 2024 year of account for syndicate 2791 and SPA 6103
Syndicate 2791
The 2023 year has closed with a profit of +38.2%. The previous forecast range was a profit between +35.0% and +40.0%, midpoint +37.5%.
The 2024 forecast range has improved to a profit in the range of +8.5% and +16.0%, midpoint +12.3%. The previous range was a profit in the range of +6.0% and +13.5%, midpoint +9.8%.
SPA 6103
The 2023 year has closed with a profit of +56.9%. The previous forecast range was a profit between +52.5% and 57.5%, midpoint +55.0%.
The 2024 forecast range has improved to a profit in the range of +15.0% and +22.5%, midpoint +18.8%. The previous range was a profit in the range of +10.0% and +17.5%, midpoint +13.8%.
Alpha Comment
As a reminder, MAP 2791 does not include any prior year releases in forecasts prior to closure. The year closed with a modest reserve release of £6.2m which is lower than seen in previous years. A very strong investment return contributed to the final result. The 2024 year forecast has improved this quarter and we would expect further improvements in the final 12 months of development.
The result for SPA 6103 is exceptional for the 2023 year of account. The year benefited from a very benign US hurricane season and a strong investment return. Despite a more active US hurricane season in 2024 coupled with losses from the Los Angeles Wildfires in 2025 which mostly attach to the 2024 year, the improved forecast profit looks very promising at this stage.
