Argenta Syndicate results and updated forecasts

Argenta Syndicate Management Limited have announced the final result for the 2022 year of account and a revised forecast for the 2023 year of account:

Syndicate 2121

As of 31 December 2024, Argenta Syndicate 2121 has demonstrated robust financial performance across its recent underwriting years. The 2022 year of account has been closed with a profit equivalent to 10.4% of syndicate capacity, reflecting favourable claims development and improved investment returns. For the 2023 underwriting year, the forecasted profit has been revised upward to a range of 10.5% to 17.5%, benefiting from reduced provisions for large and catastrophe losses as policies reach their expiry dates.

Syndicate results and forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses but before members' agents' charges.