Lloyd’s roars back to £2.3bn profit and posts 93.5% combined ratio in 2021
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Lloyd’s roars back to £2.3bn profit and posts 93.5% combined ratio in 2021

A photograph of the Lloyds Building in London from ground up

Lloyd’s has posted an overall market profit of £2.3bn ($3bn) for 2021 and a combined ratio of 93.5%, as it recovered from the huge losses inflicted by Covid-19 in 2020.

CEO John Neal said the Corporation had “delivered on [its] promise to return the market to sustainable underwriting profit” after the market posted its first underwriting profit since 2016, despite an active year of catastrophes.

Lloyd’s

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