Lloyd's profits increase
Lloyd's said the result reflects continuing underwriting discipline and a relatively low level of catastrophic claims
Lloyd’s profit before tax has risen to £1.32bn for the first six months of 2009, compared to the £949m in the same period last year.
In a statement, Lloyd’s said the result reflects continuing underwriting discipline and a relatively low level of catastrophe claims.
Lloyd’s combined ratio stands at 91.6%, compared to 89% last year, investment return is £708m (June 2008: £346m) with central assets of £2bn (June 2008: £1.9bn).
Lloyd’s chairman, Lord Levene, said: “The first six months result has
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