Moody's Forecasts Higher Profit At Lloyd's
NU Online News Service, March 12, 10:40 a.m. EST?Lloyd's of London won't release its year-end earnings report until next month, but one ratings agency is predicting the insurer could post profits totaling ?6 billion, or around $10.8 billion, for the 2002-to-2004 years of account.[@@]
In the forecast released yesterday, Moody's Investors Service said it is predicting profit for 2002 to be around ?2 billion ($3.6 billion) and profit potential for 2003 of around ?2.2 billion ($4.0 billion), as well as ?1.8 billion ($3.2 billion) profit for 2004.
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