Cathedral 2010 2015 account result and updated 2016 forecast

Financial 2860753 640
16 February, 2018

Cathedral 2010 2015 account result and updated 2016 forecast

Cathedral has announced the 2015 year of account result and the latest forecast for 2016 for its syndicate 2010, as follows:-

Year of Account

2015 result / revised 2016 forecast

Previous forecast as at September 2017

Change on midpoint

2015

+13.72%

+8.5% to +13.5%

+2.72% points

2016

0% to 7.5%

Unchanged

Unchanged

Cathedral said it will provide an initial year of account forecast for 2017 within the Q1 QMA. The 2017 calendar year result (annual accounting result) for Syndicate 2010 is a loss of $87.8m.

Results and forecasts are after the deduction of all personal expenses but before members’ agency fees.