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Exhibit 99.3
EXHIBIT OF SYNDICATE RESULTS
The following table presents a summary of the combined results of Syndicates 4020 and 3902 as reported to Lloyd’s under U.K. GAAP for the year ended December 31, 2020.
$ in millions | Year ended December 31, 2020 | |||||||
Earned premium, net of reinsurance | $ | 419.6 | ||||||
Net claims and expenses | (411.3) | |||||||
Syndicate investment return | 3.8 | |||||||
Total return from syndicate operations | $ | 12.1 | ||||||
Combined ratio | 98 | % |