Forecasts & Results

TMK syndicate 510 2023 year of account result & updated 2024 forecast

Posted 05/03/2026 – Forecasts & Results

Tokio Marine Kiln has announced its result for the 2023 year of account for syndicates 510. It has also released an updated forecast for the 2024 year of account.

Syndicate 510

The 2023 year has closed with a profit of +12.9%. This compares with the previous forecast profit in the range of +12.0% to +22.0%, midpoint +17.0%.

The 2024 forecast has improved to a profit in the range of +7.8% to +17.8%, midpoint +12.8%. The previous forecast profit was in the range of +4.5% to +14.5%, midpoint +9.5%.

 

Alpha comment

It is disappointing that the 2023 year has closed at the bottom of the range due to movement on Ukraine reserves. The 2024 year of account has improved this quarter which is encouraging.

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