Performance

Year of AccountHampden Agencies %Lloyd's Result %Return on Funds at Lloyds %
2001-12.4-18.4-31.1
200213.711.434.3
200321.218.852.9
200410.510.426.2
20055.62.613.9
200626.22765.5
200718.41745.9
200810.110.322.3
200919.117.242.5
20103.12.56.9
20117.2416
201212.411.924.8
2013139.226
201414.410.928.9
201511.36.322.6
20165.5-2.910.9
2017**-9.3-9.0-18.7
2018**-4.3-5.1-7.1

** Midpoint forecast as at end of September 2019

Notes:

All returns include standard personal expenses but are shown before Members’ Agents’ charges.

2001 to 2016: results at 36 months calculated from Hampden Members’ aggregate returns excluding any movement on run-off years. Lloyd's returns at 36 months based on Global results / QMR year end schedules.

2017 and 2018 estimates are calculated from syndicates' mid-point estimates at 30 September 2019.

  • The first column lists each year of account. Results are declared after 36 months.
  • The second column shows the average Hampden Agencies Members' return for each year of account as a percentage of their Premium Income Limit (PIL).
  • The third column shows the percentage return on PIL for the Lloyd's market for each year of account.
  • The fourth column shows the average Hampden Agencies Members' return for each year of account as a percentage of their indicative Funds at Lloyd's (FAL).

PIL is the total amount of capacity underwritten by a Member. FAL is the amount of capital lodged by a Member to back their PIL. FAL is assumed to be 40% of PIL in the years 2001 to 2007, 45% for 2008 to 2011, 50% for 2012 to 2017 and 60% for 2018.