NU Online News Service Sept. 28, 3:45 p.m. EDT

Lloyd's reported a 52.4 percent decrease in 2010 first-half profit compared to last year, attributing the decrease to high catastrophe losses.

Lloyd's said its 2010 first-half profit before tax was ?628 million ($942 million at current exchange rate).

The results reflect a period of major losses and extremely challenging investment conditions, according to Lloyd's.

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