Lloyd's reported flat profits for the first half of this year, attributing the result in part to the market's conservative investment mix, while warning that to maintain profitability in a market and economy like this, sound underwriting must prevail.
Lloyd's said its 2010 first-half profit before tax was ?628 million ($942 million at current exchange rate), up just 0.2 percent compared to the same period last year.
The Lloyd's market recorded an accident-year combined ratio for the first six months of June 2010 of 103.3, compared to 95.5 the year before. This was reduced by a prior-year reserve release of 4.6 percent to give an overall combined ratio of 98.7.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
