Lloyd's reports £3.8bn profit

Financial highlights:

Profit before tax of £3,846 million (2006: £3,662m); Combined ratio of 84.0% (2006: 83.1%) compares favourably with an estimated average of 93.8% for US property and casualty insurers 94.7% for US reinsurers 96.0% for European insurers and reinsurers and, 85.1% for Bermudian insurers and reinsurers; 34% increase in central assets to £1,951 million (2006: £1,454m); Investment return up 21% to £2,007m (2006: £1,661m); and · release of surplus reserves of £856m (2006: £

To continue reading...

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: