
Lloyd's reveals huge drop in pre-tax profits
Lloyd's has revealed a huge drop in pre-tax profits in its 2008 interim results. For the period ending 30 June 2008, Lloyd's reported a pre-tax profit of £949m, down from £1.807bn for the same period last year. However, the market had a healthy combined ratio of 89%, while investments returned £346m. A statement issued by Lloyd's said the results reflected a softening in market conditions and a rise in attritional claims.
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 [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Most read
- Action group vows to pursue broker Pound Gates after BI policies fail to pay out
- Football clubs step up BI court case against insurers
- Gallagher acquires Erimus Group
- Rishi Sunak flags speedy reform for Solvency II rules
- PIB buys beauty specialist Balens
- Erimus lifts lid on Gallagher deal
- Drop in insurance complaints at FOS