Lloyd’s hails ‘very strong’ H1 result with 85.2% CoR and £3.9bn profit
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Lloyd’s hails ‘very strong’ H1 result with 85.2% CoR and £3.9bn profit

Samuel Casey
07 September 2023
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Lloyd’s roared to a pre-tax profit of £3.9bn ($4.9bn) in the first half of 2023 and posted a combined ratio of 85.2% as CEO John Neal hailed “very strong” performance in both underwriting and investments.

The market drove gross written premiums up 21.9% to £29.3bn.

The £3.9bn profits compared with a loss of £1.8bn in the prior-year period, when performance was impacted by investment losses and claims reserves from the war in Ukraine of £1.1bn.

The...

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Samuel Casey
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