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May 14, 2018

QBE Syndicate 386 forecast results update

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QBE has announced today their forecast results for Syndicate 386.

2016 year of account forecast

Syndicate2016 year of account forecast range %Previous forecast range %
3861.4 to 6.44.0 to 9.0

2017 year of account forecast

Syndicate2017 year of account forecast range %Previous forecast range %
3863.8 to 8.8N/A

The 2016 and prior year forecast result has reduced from a mid-range profit of +6.5% of capacity to +3.9%, due to a reduced anticipated contribution from investments.

The 2017 pure year is forecast to produce a mid-range profit of +6.3% of capacity.