Lloyd’s reports £10.7bn pre-tax profit for 2023

The Lloyds building in London

Lloyd’s swung back into the black in 2023 with £10.7bn of pre-tax profit reversing a red ink loss of £800m the year before.

The marketplace trailed at the start of the month that gross written premium had grown year-on-year by 11.6% to £52.1bn driven by volume growth of 4% as price increases of 7% offset inflationary trends. The uplift marked the third consecutive year of double-digit growth for Lloyd’s.

Our ability to attract – and provide returns on – capital is vital to ensuring we can support our customers through uncertainty.John Neal, CEO of Lloyd’s

In 2022 Lloyd’s was hit by investment losses of £3.1bn more than

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

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: