Lloyd’s of London’s underwriting profit jumped 127% in 2023 to 5.9 billion pounds ($7.52 billion), it said on Thursday, as commercial insurers have cut back on riskier business and raised premiums.
Tag: Lloyd’s of London profit
Lloyd’s Announces Pre-Tax Profit of £2.3B for H1 2019
Lloyd’s profit before tax for the period was £2.3bn (June 2018: £0.6bn), underpinned by a combined ratio of 98.8% (June 2018: 95.5%) and investment income of £2.3bn (June 2018: £0.2bn), as the market benefitted from unrealised gains due to reducing US and UK bond yields as well as robust returns from equities in the first… Continue reading Lloyd’s Announces Pre-Tax Profit of £2.3B for H1 2019