Lloyd’s hails underwriting performance as COR drops to 91.9% in 2022

Lloyds of London - aerial view

Lloyd’s has labelled its underwriting performance in 2022 as good as any in recent memory with “more than expected” improvement.

The combined operating ratio fell 1.6 percentage points to 91.9% for the year. The marketplace flagged that this was despite major claims of 12.7%, including losses arising from the conflict in Russia and Ukraine, and from hurricane Ian in Florida.

The expense ratio also dropped to 34.4% from 35.5% in 2021. Gross written premium rose year-on-year by over 19% to £46bn.

Today, we are presenting an underwriting performance and capital position as good as Lloyd’s has reported in recent memory

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Sporting Sponsor: Verlingue

Insurance Age caught up with Neal Lumb, executive director of sales and marketing at Verlingue, to hear about the how the business sponsors a range of clubs and sports.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: