Syndicate Estimates as of End-September 2023: Updated 22 November

November 21, 2023

Syndicate estimates as at end-September 2023 - updated 22 November

Lloyd's has published to the Stock Exchange all the Q3 2023 estimates for the 2021 and 2022 Years of Account estimates. We have now added our table (click here) showing the movements since Q2 2023 and later this week send out Members' individual reports.

Lloyd's syndicates' 2021 and 2022 year of account projections

The 2021 and 2022 forecasts below at syndicate level are all stated before the deduction of Members' agent fees, as in previous releases. The forecasts of wholly aligned syndicates are aggregated together at the end of the table.
		Syndicate Capacity 2021 Year of Account (£000s)	Syndicate Capacity 2022 Year of Account (£000s)	Estimated Result 2021 YOA (% on capacity) (Worst Case)	Estimated Result 2021 YOA (% on capacity) (Best Case)	Estimated Result 2022 YOA (% on capacity) (Worst Case)	Estimated Result 2022 YOA (% on capacity) (Best Case)
33	Hiscox Syndicates Limited	1,699,385	1,699,337	1.14	11.14	4.42	14.42
218	IQUW Syndicate Management Limited	479,890	479,737	0.43	5.44	(5.71)	4.29
318	Cincinnati Global Underwriting Agency Limited	231,739	231,735	5.83	10.84	8.31	13.31
386	QBE Underwriting Limited	332,887	366,153	4.66	9.66	9.20	14.20
510	Tokio Marine Kiln Syndicates Limited	1,499,445	1,499,100	0.63	5.63	4.29	9.29
557	Tokio Marine Kiln Syndicates Limited	41,263	41,280	(4.74)	0.26	(34.54)	(29.54)
609	Atrium Underwriters Limited	624,854	650,861	5.00	15.00	7.50	17.50
623	Beazley Furlonge Limited	514,759	587,159	10.00	20.00	2.50	22.50
727	S.A. Meacock & Company Limited	84,767	88,888	-	10.00	(7.00)	13.00
1176	Chaucer Syndicates Limited	46,476	46,500	32.50	42.50	10.00	30.00
1200	Westfield Specialty Managing Agency Ltd	500,000	500,000	(0.57)	9.43	3.31	13.31
1254	Capita Managing Agency Limited	0	3,000	-	-	5.20	5.75
1492	Probitas Managing Agency Limited	152,000	189,500	26.50	31.50	15.00	25.00
1609	Asta Managing Agency Limited	100,000	170,000	-	7.50	-	7.50
1699	Asta Managing Agency Limited	0	126,000	-	-	(18.00)	2.00
1729	Dale Managing Agency Limited	184,940	209,888	(4.00)	6.00	(3.00)	12.00
1969	Apollo Syndicate Management Limited	295,000	450,000	-	5.00	7.50	17.50
1971	Apollo Syndicate Management Limited	115,000	200,000	8.00	18.00	8.00	18.00
1988	Asta Managing Agency Limited	95,000	200,000	22.51	32.51	11.57	31.57
2010	Lancashire Syndicates Limited	324,804	344,763	(12.50)	0.00	(7.50)	2.50
2019	Talbot Underwriting Ltd	500,354	498,200	(3.36)	1.64	(18.85)	(13.85)
2121	Argenta Syndicate Management Limited	599,950	660,000	0.50	8.00	3.50	11.00
2288	Asta Managing Agency Limited	56,400	0	(62.00)	(52.00)	-	-
2525	Asta Managing Agency Limited	85,968	92,100	17.50	27.50	5.00	20.00
2689	Asta Managing Agency Limited	70,737	71,496	(22.00)	(16.00)	0.14	10.14
2791	Managing Agency Partners Limited	400,386	400,265	2.50	7.50	6.00	11.00
2988	Brit Syndicates Limited	173,500	210,964	(1.50)	3.50	7.39	12.39
3268	Asta Managing Agency Limited	140,000	0	0.65	5.45	-	-
4242	Asta Managing Agency Limited	225,000	225,000	(1.95)	8.05	5.23	15.23
4444	Canopius Managing Agents Limited	1,699,980	1,700,000	1.77	6.68	4.63	9.63
5623	Beazley Furlonge Limited	144,180	204,408	-	10.00	(1.00)	9.00
5886	Blenheim Underwriting Limited	324,900	359,752	(4.00)	2.00	5.00	12.50
6103	Managing Agency Partners Limited	64,961	65,785	(8.00)	(3.00)	(10.00)	(2.50)
6104	Hiscox Syndicates Limited	23,272	12,676	(5.87)	9.13	9.94	19.94
6107	Beazley Furlonge Limited	70,489	67,424	10.00	30.00	10.00	30.00
6117	Argo Managing Agency Limited	74,631	62,695	(6.03)	3.97	12.52	22.52
6133	Apollo Syndicate Management Limited	65,020	0	2.00	7.00	-	-

	Aggregate of non-third party syndicates (Q3)	25,135,162	27,183,421	6.19	11.19	7.42	12.42

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