Lloyd's said today it earned $7.2 billion in 2006 and posted a combined ratio 10 points lower than its U.S. peers.

The market posted a combined ratio of 83.2, which it said compared with an average of 93 for U.S. property-casualty insurers and 95 for reinsurers.

Lloyd's also reported a 15 percent increase in the Central Fund to $2.9 billion.

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