Lloyd’s more than doubles half-year underwriting profits and grows GWP
Lloyd’s more than doubled underwriting profits in the first half of the year to £2.5bn from £1.2bn in the same period of 2022.
The marketplace’s combined ratio improved 6.2 percentage points to 85.2% which Lloyd’s flagged as “demonstrating continued progress in underwriting performance”.
Profit before tax swung back into the black, coming in at £3.9bn compared with a loss of £1.8bn previously.
Related Lloyd’s posts £1.8bn half-year lossLloyd's has posted a loss of £1.8bn for the first half of 2022 compared to a profit of £1.4bn in the same period last year.
The result was supported by net investment
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