2023: Lloyd's of London reports £10.7bn pre-tax profit, up from £800m loss in 2022.
Lloyd's of London reported a record £10.7bn ($13.51bn) pre-tax profit in 2023, following a £800m loss in 2022. Strong underwriting and investment performance contributed to the turnaround, with the combined ratio improving to 84.0% from 91.9% in the previous year. Lloyd's CEO, John Neal, highlighted the importance of maintaining disciplined underwriting to support customers through uncertain times.
March 28, 2024
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