{"id":5626,"date":"2026-04-23T14:00:41","date_gmt":"2026-04-23T14:00:41","guid":{"rendered":"http:\/\/xinetica.com\/?p=5626"},"modified":"2026-04-23T14:28:52","modified_gmt":"2026-04-23T14:28:52","slug":"strong-2025-lloyds-syndicate-results-mask-wide-performance-dispersion-at-individual-level","status":"publish","type":"post","link":"http:\/\/xinetica.com\/index.php\/2026\/04\/23\/strong-2025-lloyds-syndicate-results-mask-wide-performance-dispersion-at-individual-level\/","title":{"rendered":"Strong 2025 Lloyd\u2019s syndicate results mask wide performance dispersion at individual level"},"content":{"rendered":"

Syndicate Research Limited (SRL) has reported that the weighted average result as a percentage of Net Premium Earned (NPE), excluding Funds in Syndicate (FIS) investment returns, for Lloyd\u2019s of London syndicates trading in 2025 was an above-average 18.8%.<\/p>\n

\"technology\"The 2025 figure represents an improvement on 2024\u2019s 18%, and compares favourably with the five- and nine-year averages of 14.5% and 7.9% respectively.<\/p>\n

SRL noted that syndicates\u2019 combined ratios averaged 85.7%, significantly below the nine-year average of 96.2%. Performance in 2025 benefited from relatively limited US hurricane activity, which particularly supported Excess of Loss syndicates.<\/p>\n

Lloyd\u2019s syndicate results in 2025 also benefited from strong investment performance. Excluding FIS, investment returns averaged 7.7% of NPE, compared with a nine-year average of 3.5%.<\/p>\n

Despite the strong aggregate performance, SRL highlighted persistent dispersion at the syndicate level, with the best and worst 2025 results ranging from +81% to -18%.<\/p>\n

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\"Catastrophe<\/a><\/div>\n<\/div>\n

Investment return volatility also remained elevated, with a standard deviation of 4.6%, reflecting differences in investment portfolio composition and levels of reserve gearing.<\/p>\n

“Investment returns are likely to assume a greater significance in 2026 against a backdrop of (re)insurance price decreases and declining rate adequacy at a market level,” SRL added.<\/p>\n

The firm continued, “In 2025, the top performing syndicate was 1176, which, in the absence of a nuclear disaster, has consistently produced large profits. The rest of the top 5 are within SRL\u2019s Excess of Loss peer group and benefited from the absence of any major US hurricane losses.<\/p>\n

“The weighted average profit in 2025 for this peer group is 49%, far higher than the average of 18.8%, but results on a return on capital basis will be appreciably lower with their higher risk portfolios leading to higher capital requirements.<\/p>\n

“The bottom five performers, all loss-making bar one, are relatively recent starters with three trading from 2024, one from 2023 and one from Q3 2020.”<\/p>\n

The post Strong 2025 Lloyd\u2019s syndicate results mask wide performance dispersion at individual level<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Syndicate Research Limited (SRL) has reported that the weighted average result as a percentage of Net Premium Earned (NPE), excluding […]<\/p>\n","protected":false},"author":1,"featured_media":651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/5626"}],"collection":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/comments?post=5626"}],"version-history":[{"count":3,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/5626\/revisions"}],"predecessor-version":[{"id":5629,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/5626\/revisions\/5629"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/media\/651"}],"wp:attachment":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/media?parent=5626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/categories?post=5626"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/tags?post=5626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}