Lloyd's bosses hail first half performance

Results included:

Profit before tax of £1.8 billion Combined ratio continues to outperform major international peer groups Investments returned over £800 million Lloyd's financial strength ratings upgraded to A+ Central assets further strengthened through the issue in June of £500m tier 1 subordinated debt to over £2 billion Equitas - Berkshire Hathaway reinsurance transaction – phase 1 completed.

According to Lloyd's, this result was driven by the favourable rating environment in 2006,