2022 Year of Account forecast result at 30 months
The forecast results for the 2022 Year of Account after deduction of all standard personal expenses but before members’ agency fees are:
Syndicate 2791: A profit between 8.0% and 13.0% of allocated capacity (unchanged).
Syndicate 6103: A loss of between -7.0% and -2.0% of allocated capacity (unchanged).
2023 Year of Account forecast result at 18 months
The forecast results for the 2023 Year of Account after deduction of all standard personal expenses but before members’ agency fees are:
Syndicate 2791: A profit between 22.5% and 30.0% of allocated capacity (previously 20.0% to 27.5%).
Syndicate 6103: A profit between 40.0% and 50.0% of allocated capacity (previously 37.5% to 47.5%).
The 2023 Year of Account is at an early stage of development and there remain uncertainties that may affect the ultimate result.
These forecasts have been calculated using an exchange rate of US$1.26:£1. The syndicates distribute profits in the original currency, however, fluctuations in the exchange rate will influence the reported results.
Chris Smelt
July 2024