November 06, 2023
QBE Syndicate 386 updated forecasts
QBE 386 has released updated forecasts for the 2021 and 2022 years of account, as follows;
| Latest Forecast | Previous Forecast | Mid Point Movement | ||
| Syn 386 | 2021 | +4.7% to +9.7% | +7.6% to +12.6% | -2.9% |
| 2022 | +9.2% to +14.2% | +8.3% to +13.3% | +0.9% |
QBE commented;
The 2021 & prior year mid-range profit forecast of +7.2% is down on +10.1% previous, due to required reserve strengthening, including a legacy data correction, partially offset by an improved forecast investment contribution.
The 2022 pure year mid-range profit forecast of +11.7% is up on +10.8% previous due to favourable large loss experience.