Lloyd's returns to profit in 2019
Market says it is in a "strong position" to respond to the impacts of the coronavirus.
Lloyd’s has revealed a pre-tax profit of £2.5bn for 2019, a significant step up from the £1bn loss reported in 2018.
Gross written premiums (GWP) remained relatively flat at £35.9bn (2018: £35.5bn) and its combined operating ratio improved to 102.1% in 2019 from 104.5% in 2018.
Lloyd’s further noted it had paid gross claims of £23.0bn (2018: £19.7bn), while its net resources grew to £30.6bn (2018: £28.2bn).
Meanwhile net investment returns increased to £3.5bn in 2019, up from £0.5bn in the
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