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Cincinnati Syndicate 318 result and updated forecast as at 31 December 2023

Cincinnati Global Underwriting Agency Limited has provided us with the following result and updated forecast for Syndicate 318

Year of account

Capacity
£000s

Result / Updated Forecast

Previous Forecast
Range

Change at
Midpoint

2021

231,739

10.0%

5.8% to 10.8%

1.7 points better

2022

231,735

9.7% to 14.7%

8.3% to 13.3%

1.4 points better

The syndicate made a profit of £58.5m in the 12 months to 31 December 2023 at a combined ratio of 76%.

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

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